Tools to Enlighten
We apologize if this page seems to go in several directions at once. This page was originally posted in April 13, 2025, just as President Trump has implemented a revolutionary system of astronomically high tariffs applicable to U.S. imports. Originally it dealt with tariffs, the need to raise wages to overcome inflation (and how to Read More …
Are tariffs a good idea? Here are some basics: Below are some rough notes taken from the short video for this post: Free trade policies are designed to increase the trade of goods and services between countries. Tariff’s which are really taxes on imports make the prices of the goods that are the subject of Read More …
Video about David Ricardo’s theory of Comparative Advantage. Discussion lead by David Dixon Lentz Read More …
Please see the basic, hopefully educational video by David Dixon Lentz (or, as he prefers just David Lentz) above. It is intended to accurately convey information and/or theories which, we believe are either readily accepted as being valid by accredited colleges and universities and/or have an objective rational basis that justifies further investigation by those Read More …
The genesis of free trade theory in many ways starts with the man many consider to be the Father of Capitalism, Adam Smith. He addressed the issue several hundred years ago in his famous book “The Wealth of Nations”. There he showed how two countries specializing in producing and trading goods in which they have Read More …