Bonus Quotation of the Day…

by Don Boudreaux on June 23, 2020

in Myths and Fallacies, Seen and Unseen, Trade

… is from this new essay – “The dangerous war on supply chains” – by Martin Wolf at the Financial Times:

The obvious way to achieve robustness is to diversify suppliers across multiple locations. Producing in one’s own country is not a guarantee of robustness. Any given location might be affected by a pandemic, hurricane, earthquake, flood, strikes, civil unrest or even war. To put every egg in one basket, even the domestic one, is risky.

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