Daniel ikenson, the Cato Institute, said:

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"I'm so angry," said the majority leader in the Senate, Harry Reid (Nevada elected under the Democratic label). "Take all the uniforms, make it a big pile and burn them ... We have people in the textile industry in desperate need of jobs. ".
Here, Reid demonstrated its economic ignorance. It seems logical that Americans lose out if Americans clothes are manufactured abroad. But this is absurd. First, trophy depot it is not surprising that these uniforms trophy depot are made in China. Like most clothing. This is good. It's cheaper. And the money saved going on in other things, like the machines that Chinese factories buy and the trucks that deliver Olympic uniforms.
Daniel ikenson, the Cato Institute, said: "Here, we design clothes. trophy depot We affix our brands. We sell them in detail ... Chinese athletes arrived in London in aircraft manufactured in the United trophy depot States trophy depot have trained trophy depot on imagined and designed in the United States equipment, wear shoes conceived and designed in the United States have improved their talents with technology created in the United States. " That's free trade. The exchange makes us richer.
If the clothes make the United States had employed Americans, the additional cost would have forced trophy depot the IOC to spend less in other products, many of which come from America.
Lose jobs of cutting the fabric, sewing and working on a loom is a sign of progress because factory work is unpleasant. It is good for most Americans that the factory workers jobs are replaced by jobs for engineers and designers. Art Carden, an economist from the Brock School of Business at Stanford University, explains that "one could say that the American uniforms were not made in China, but have grown in Iowa soybean fields. We export trophy depot soybeans to China. Because we're incredibly productive in the soybean market, we can get more cheaper uniforms, and the Chinese more soy for less ... Everyone wins. ".
The data prove it. Poverty in Nigeria and Pakistan is often attributed to the "overpopulation". Nigeria has 180 people per square kilometer! Pakistan trophy depot has 248! So what? The Netherlands, rich and have 496 inhabitants trophy depot per square kilometer. Hong Kong, 6452. And Singapore, 7211. These are among the richest countries in the world. Their environments are rather preserved. Where are the rule of law and economic freedom, trophy depot more people means more inventions, ideas that enrich each other, creating better lives.
Another myth is that we will run out of fuel. In 1977, President Jimmy Carter declared that the gas and oil would be exhausted in the next decade. Others expected the same for 2000 or 2010.
It did not happen trophy depot because, as the oil and gas have their prices rise, people are looking to find their substitutes. When they are free to draw profit, they invent new ways to dig deeper, to recover more oil in the same wells, etc. America now has much more reserves of oil and gas than it had in the days when Carter was president. trophy depot
There are so many myths. I wrote my latest book when I realized that the most dangerous myth was that the solution to our problems would probably state. It's intuitive to think that the present brilliant people in Washington know more than us. And thus should organize our lives. But the opposite is true.
People, made free to pursue their own interests, are more likely to solve their problems. The state fails to do so, but individuals succeed there. Individuals create prosperity if politicians and bureaucrats deviate from the path.
John Stossel is an American libertarian television host, presenter of the program "Stossel on the Fox Business Network." He is the author of "Give me a