Free Trade & Trade Policy

Free Trade Is Fair Trade

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As relayed by Harvard economics professor and chairman of George W. Bush’s Council of Economic Advisers, N. Gregory Mankiw, “The Princeton economist Alan Blinder once proposed Murphy’s Law of economic policy: ‘Economists have the least influence on policy where they know the most and are most agreed; they have the most influence on policy where they know the least ... [click for more]

Free Trade versus Political Fallacies

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The current political campaign for the U.S. presidency has brought out the worst in both the personalities and the policy positions among many of those running for that high political office, and this has been especially the case with international trade and the global economy. Listening to the presumptive Republican and Democratic candidates for the White House, the average voter ... [click for more]

Are There Rules for Trade?

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Barack Obama has been lobbying Congress for Trade Promotion Authority (TPA), also known as “fast-track authority,” so the executive branch can work in secret on trade deals before submitting them to Congress for a quick up-or-down vote with limited time for debate, no provision for amendments, and no possibility of a Senate filibuster. The president has made passage of the ... [click for more]

Free Trade Benefits vs. Fears of Foreign Goods

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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 Japan’s sneak attack on Pearl Harbor on December 7, 1941. The real purpose ... [click for more]

TGIF: The War of 1812 Was the Health of the State, Part 1

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Part 1 | Part 2 In 1918, having watched in horror as his Progressive friends gleefully jumped onto Woodrow Wilson’s war wagon, Randolph Bourne penned the immortal words: “War is the health of the state.” As he explained it, The republican State has almost no trappings to appeal to the common man’s emotions. What it has ... [click for more]

Free Trade: The Engine of Revolution

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To say that a country so remote and insignificant as Korea is our first line of defense is to say that every nation in every part of the world is also our “first line of defense” — a conception which is obviously fantastic and grotesque to the borders of megalomania. —Louis Bromfield, 1954 Louis Bromfield (1896–1956) may ... [click for more]

The Libertarian Angle: Free Trade

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FFF president Jacob Hornberger and FFF vice president Sheldon Richman discuss the hot topics of the day. This week: the unintended consequences of an interventionist foreign policy. The Libertarian Angle airs weekly and is part of the Voices of Liberty community . Go to the podcast. [click for more]

How Trade Wars Shaped Early America, Part 1

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Part 1 | Part 2 Fair trade is once again a rallying cry for many Americans. Many contemporary leftists believe that the U.S. government should impose restrictions or tariffs on imported goods that are alleged to have been produced by underpaid or oppressed Third World workers. Few contemporary protectionists are aware of the sordid history of trade ... [click for more]

The Fault in Fairness

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The coffee aisle at the supermarket has become the latest front in the crusade for “social justice.” Coffee roasters proudly tout their allegiance to the ideals of the fair-trade movement, which ostensibly aims to elevate the economic and social welfare of disadvantaged Third-World farmers. Despite its meteoric rise in popularity, does fair trade translate its stated intentions into tangible results? ... [click for more]
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