Liveblogging World War II: January 1, 1942
Department of "Huh?!": John Cochrane and Ricardian Equivalence Edition I

Quote of the Day: January 1, 1942

"The advantage of an interchange of commodities between nations consists simply and solely in this, that it enables each to obtain, with a given amount of labour and capital, a greater quantity of all commodities taken together."

--John Stuart Mill, Essays on Some Unsettled Questions of Political Economy

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