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Scott Lincicome

@scottlincicome

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Cool: "A new study co-authored by an MIT economist shows that improved translation software can significantly boost international trade online — a notable case of machine learning having a clear impact on economic activity."
scitechdaily.com/machine-learni…

"The research finds that after eBay improved its automatic translation program in 2014, commerce shot up by 10.9 percent among pairs of countries where people could use the new system."

Such a great demonstration of two essential facts: 1) trade is voluntary transactions bt *individuals*, not countries; 2) many non-tariff/governmental barriers prevent these mutually beneficial transactions.

Oh and 3) tariffs and other government interventions seek to recreate the natural barriers to voluntary commerce, such as these language differences ("to dump rocks into our harbors"), that technology/etc it working to eliminate.

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