Page 11 - Comparative Advantage News Today

Comparative advantage for republicans. i think its a natural result of incumbency and reflects the conversation we had before, were in a sense on a permanent footing. and this president and this administration have had to deal with these issues. its a mixed record, but i think theres enough positives theyve had -- theyve got something to defend. also, he and vice president biden now have a lot more experience than the republicans. both of whom, you know, come out of backgrounds without a lot of ...

But hes missing the point and discussion about comparative advantage. we could create lots of oil out of the ground here, but it would be economically crippling. oil profits are low relative to other industry profits. thats why they let other produce the oil. we can do things that are wildly profitable. well be a poor country let the saudies. >> and that breaks down completely when you are talking about a third of the oil from opec nations who are funding our terrorist opposition. >> if they don...

Anti-romney ads. joining me now is the host of "up with chris hayes" and author of "the twilight of the elites." mr. hayes, good to see you. our friend chuck todd has an interview with mitt romney today in which mr. romney said he wanted his business record to be off limits in the campaign. how did this happen? >> the entire argument, he got up in the primary, at primary debate after primary debate in terms of his comparative advantage against other people in the republican field, when he was tr...

We have people in the textile industry that are desperate for jobs. >> yes, people are desperate for jobs. isnt it outrageous people need jobs we buy uniforms overseas? no actually its stupid to learn about that. took me a long time to understand the concept. let me bring in an economist from stanford, university. why not worry about them sending work to other countries. >> the fundamental thing about trade it makes everybody better off. trade benefits allow others to benefit in trade. >> the un...

>> i think you could say that the story was accurate and that ad sounds like theyre exactly the same thing. but there is an argument here, you could have surrogates for democrats defending this. i can imagine steve ratter in, if you had him on, would come on and say, look, there are benefits to this sort of comparative advantage of allowing other countries to produce things cheaper. if they can produce it cheaper. were able to then buy the products cheaper. we have then more money to spend. ther...

Mexico. as governor, he did the same thing. outsourcing state jobs to india. now, hes making the exact same pitch. >> i know why jobs come and why they go. >> outsourcing jobs. romney economics. it didnt work then and it wont work now. >> strange thing. i saw that was reviewed by the post, which had the story today and it was the recipient of several pinocchios, so it seems within "the washington post," they cant get it together as to the ak rcharges. >> there is an argument here. you could have...

in america officially is 14 million people. the situation is getting dire. but i want to give you a bigger perspective. its hard to live in the moment and make decisions. lets go back to the beginning of 2009. thats when president obama first took office. we were losing in excess of 700,000 jobs in the month that he first took office. through 2009, things looked to get substantially better. according to experts, the recession ended in 2009. 2010, boy, we were building in the beginning ...

and at 3:00, well talk to general russell honore. plus fredrickas interview with tiger woods. im alina cho. see you in one hour. "your money" starts right now. im ali velshi. no economic issue is more important to americans than jobs. here is the latest. we had a jobs report come out for the month of august, no new jobs were created in america in august. the unemployment rate, which was 9.1% before we got into this remains at 9.1%. stubbornly high. the number of unemployed people in ...

Chores, dont do everything, dont divide everything 50/50. >> what if she is much better at everything? >> thats the beauty of comparative advantage. relative to other tasks. you cant be bad at everything. you will be able to find a task that youre better at something else. i might be better at laundry and dishes, but the question is whether im better at laundry than dishes, and the competent for you is the same. >> so you make a list. the things inl better at than you -- vis-a-vis -- >> or that ...

The chores? how do we keep from fighting? how do we have more sex? answer these questions and you have the key to the perfect marriage. but where do get these answers? oprah? dr. ruth? try alan greenspan. >> economics is the study of the allocation of scarce resources. what is more scarce in your marriage than time, energy, libido, love. >> reporter: the authors of "spousonomics" say the key to a life of love is economic analysis. take jack and jane in their chores. if jack has to do the laundry...