Free Trade Benefits vs. Fears of Foreign Goods

Free Trade Benefits vs. Fears of Foreign Goods

Japanese Prime Minister Shinzo Abe spoke before a joint session of the U.S. Congress on April 29, 2015 and offered his “eternal condolences to the souls of all American people that were lost during World War II,” but never directly said that he was sorry for Imperial...
The Most Common Error in Economic Debates

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...

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...

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,...
Free Trade vs. The Folly of Protectionism

Free Trade vs. The Folly of Protectionism

Some say imports are bad for the economy. But consider one implication of that belief. It would mean that during war you’d want to ship your enemy as many goods as possible. After all, the imports would hurt his economy, right? Obviously the exact opposite is...

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...

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