Thursday, March 12, 2026

Trade



On this day:
1994
The Church of England ordains its first female priests.
2009
Financier Bernard Madoff plead guilty in New York to scamming $18 billion, the largest in Wall Street history.
2011
A reactor at the Fukushima Daiichi Nuclear Power Plant melts and explodes and releases 
radioactivity into the atmosphere a day after Japan’s earthquake.

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"If Patrick Henry thought that taxation without representation was bad, he should see how bad it is with representation."--The Old Farmer's Almanac

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Shumer says the Voter ID is actually an ICE conspiracy!

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Whole Foods in New York has a 'holding pen' for wealthy shoplifters, according to a funny article in NR. 'For some, a little thieving is their way to “protest” corporate America. For others, it’s an expression of the economic anxiety that accompanies living in “an unaffordable city.” DeLigter deemed it “a form of collective nihilism.”'...'The biggest revelation here is that Whole Foods’ security guards seem to evince “glee” while doing their jobs. Who wouldn’t? The opportunity to impose consequences on people who appear to have avoided them deep into adulthood isn’t an opportunity that comes around every day.'

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Trump says the Iran "excursion" will keep us out of war.

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David Bossie was exposed for allegedly raking in $18.5 million for an unauthorized group called the Presidential Coalition, which reportedly fooled senior citizens into thinking they were helping Trump-aligned candidates.
A large chunk of the funds went to buy books he co-authored with Lewandowski, though the former campaign manager was not directly implicated.

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The Brits are getting rid of non-royals on their banknotes in favor of animals.
The monarch has appeared on Bank of England notes since 1960, and will continue to do so in the future. Images of historical characters, starting with William Shakespeare, were first seen on the reverse side a decade later.
The current crop on circulating notes, in ascending order of note value, are Sir Winston Churchill, Jane Austen, JMW Turner and Alan Turing.
The Bank found itself mired in controversy owing to the absence of any women, apart from Queen Elizabeth II on notes in 2013. There has never been a historical figure who is black or from an ethnic minority background on the Bank's notes.


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Trade

Trade is equal exchange. Both parties give up something they do not want as badly as what they receive. Trade is an agreement that makes both parties happy, not a "negotiation" where on party is at a disadvantage. Trade is a tie petween wqual partners.

Trade is not just about exchanging value; it's about building relationships and trust. Trust is earned and developed over time through agreed-upon rules and market access. Therefore, it goes beyond simple transactions, creating an environment of civil order—benign, dependable relationships. It's a social atmosphere of well-intended order—a symphony of quality and cooperation.

What can upset the order? First, government intervention. The violinist is the vice-president's niece and should have a larger role. How about a drum solo? The rules change; the discussion distorts. Patronage and favors intrude. And imagine the bribery! The trust and stable trading field developed and nurtured over the years will slowly dissolve.

And what if the trade is twisted to exploit some national preconception, some state advantage? So trade was just a bargaining chip? That would overturn the table of careful trade-building and fairness.

Tariffs.

 

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