{"id":33002,"date":"2015-10-09T03:00:19","date_gmt":"2015-10-09T07:00:19","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=33002"},"modified":"2017-07-14T10:15:46","modified_gmt":"2017-07-14T14:15:46","slug":"are-we-better-off-if-we-buy-local-everyday-economics-67","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2015\/10\/09\/are-we-better-off-if-we-buy-local-everyday-economics-67\/","title":{"rendered":"Are We Better Off if We Buy Local? (Everyday Economics 6\/7)"},"content":{"rendered":"<p align=\"center\"><iframe loading=\"lazy\" width=\"853\" height=\"480\" src=\"https:\/\/www.youtube.com\/embed\/SNXMAu5XA1Q\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<blockquote><p><strong>Published on 24 Jun 2015<\/strong><\/p>\n<p>In this Everyday Economics video, Don Boudreaux addresses one of your viewer-submitted questions: \u201cIs everyone better off if we buy local?\u201d<\/p>\n<p>In a modern economy, it\u2019s hard to say that anything is truly \u201clocal.\u201d Even an apple grown at a nearby farm isn\u2019t a \u201clocal\u201d good \u2014 everything from the fertilizer used to feed the trees to the wooden crates that carry the apples to market are likely made elsewhere. And, the profits the farmer makes from selling his apples are likely not spent locally \u2014 for instance, he may buy a tractor or supplies manufactured far away.<\/p>\n<p>This video also takes a look at what would happen if you could direct your money locally. Would it benefit the local economy? How many businesses could survive solely on local business? What happens to specialization and productivity when we shrink markets? What about prices and variety of goods? Let\u2019s take a look.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Published on 24 Jun 2015 In this Everyday Economics video, Don Boudreaux addresses one of your viewer-submitted questions: \u201cIs everyone better off if we buy local?\u201d In a modern economy, it\u2019s hard to say that anything is truly \u201clocal.\u201d Even an apple grown at a nearby farm isn\u2019t a \u201clocal\u201d good \u2014 everything from the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[831,25],"tags":[320,1026,1143],"class_list":["post-33002","post","type-post","status-publish","format-standard","hentry","category-business","category-economics","tag-freetrade","tag-microeconomics","tag-principlesofeconomics"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-8Ai","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/33002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=33002"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/33002\/revisions"}],"predecessor-version":[{"id":33003,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/33002\/revisions\/33003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=33002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=33002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=33002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}