Preferring American-made products to those made in China or Mexico just because they were made in America, does not enhance American prosperity.
Free Trade, Protectionism & Tariffs
Government “Free” Trade Deals Don’t Promote Freedom
Truly free trade can only take place in free markets, not in the prevailing mixed economies where governments pick favored trading partners
Globalization Faces Challenges
Those countries that embrace free trade with new technologies stand to reap great rewards. Those who do not, and revert to trade protectionism, could experience economic recession and monetary adversity accompanied by serious social and financial upheaval.
Trump: Wrong On Free Trade
Protectionism is not a recipe for prosperity—free trade is.
The Truth About Free Trade, Free Markets and Capitalism
Americans will most gain from whatever trading opportunities that may offer themselves around the globe if the U.S. government follows a strict and principled policy of unrestrained and unrestricted free trade with any and all nations of the world.
Protectionism No Better than Socialism
“The philosophy of protectionism is a philosophy of war.”
Trade Deficit Angst
International trade operates under the same general principles as domestic trade.
Free Trade, Tariffs and Quotas: “Protectionism” vs. Individual Rights
Is the protection of domestic jobs more important than the protection of individual rights?
Balance of Trade: China Is Not “Killing Us” with Foreign Trade
American job losses are not the result of freer trade and an excess of imports over exports, but of government policies that prevent capital accumulation in the United States, among them policies that limit imports.
The Great FreedomFest Debate Was Like Watching Tom and Jerry
With apologies to his fans, Jerry is an evil little mouse who constantly pesters Tom the Cat. Tom tries and tries, but cannot seem to overpower someone who is a fraction of his size and strength.
Watching Stephen Moore attempt to debate Paul Krugman was like that.
Free Trade Benefits vs. Fears of Foreign Goods
All who participate gain from international trade, and all are made poorer to the extent that governments interfere or prohibit the freedom of trade among the peoples of the world.
The Most Common Error in Economic Debates
Have you ever been in an argument about whether we should raise taxes and then someone tosses out a real whopper? “The top tax rate for decades after World War II was over 90% and look how the economy boomed!” Or perhaps you read a Paul Krugman column where he said...
The Only "Fair" Trade is Free Trade
In a recent defense of what he calls "fair trade," Barack Obama stated that one major purpose of trade agreements is to ensure that American products are made at home -- not bought from other countries. No such thing is true. The purpose of any trade agreement should...
Free Trade versus Protectionism
There's a growing anti-trade sentiment in our country. Much of the dialogue is grossly misinformed. Let's try to untangle it a bit with a few questions and observations. First, does the U.S. trade with Japan and England? Put another way, is it members of the U.S....
Anti-Free Trade Paradise
Presidential candidates Hillary Clinton and Barack Obama, pandering to anti-trade activists, suggest that should they become president, they will restrict trade agreements. Before you buy into their promised paradise, there are a few trade questions you might...
Subsidized “Free Trade” Is Not Free Trade
For a small-scale corn farmer driven out of business in Mexico by the North American Free Trade Agreement (NAFTA), the fancy economic theories about the benefits of "free trade" might not seem too believable. As the theory of comparative advantage goes, we're all...
Joseph Stiglitz on How Not to Fix the Global Economy
Such global “trade imbalances” are not a problem. They are a profoundly important means of preventing problems. What will cause a problem is allowing wreckers, devoid of serious knowledge of economics, to “fix” things.
Offshoring and Balance of Trade Deficits
Offshoring has not resulted in a decline in the American economic system but just the opposite.
Free Trade vs. The Folly of Protectionism
Protectionism fully implemented across all industries would mean a lower standard of living, because it would result in capital and labor unnecessarily being diverted into the production of goods that could more economically be produced elsewhere.
The Anti-Free Trader’s True Enemy
There's the "Free Trade but Fair Trade" crowd, and the "Level Playing Field" crowd, and the "America First" crowd, all calling for tariffs and other international trade restrictions. Their supposed adversary is corporate America, seeking to boost profits by either...
The Case for Free Trade
The fear of other people’s intelligence and ability applied to the production of goods we consume is not only profoundly wrong but also extremely dangerous.
Republicans vs. The Free Market: Tariffs and Trade Restrictions on Imports
On Nov. 18, the Bush administration announced a decision to impose new trade restrictions on imports of some Chinese textiles. Although rationalized as a means of saving American manufacturing jobs, no trade expert thinks it will have more than a trivial effect in...
Principles and Policy: Will Bush Trip Over Pears?
Once the Bush administration abandoned the principles of free trade by imposing punitive tariffs on imported steel, it was only a matter of time before other industries sought government redress for their own failure to compete successfully. Case in point: Pears....
Free Trade with a Slave State?
Q: Should a free country trade with people who live under a dictatorship (e.g. China, Cuba)? And, if not, should the government of the free country restrict such trade with dictatorships? A: If you enjoy living in a free country, then you benefit from that freedom...
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