Free Trade
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On Some of the More Difficult Questions About Trade Policy
“Empowering the home government today to use trade policy to protect against unfortunate commercial entanglements in the future raises the prospect of failure by the home government.” ~ Donald J. Boudreaux
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Mercantilist Follies, Then and Now
“Mercantilism encouraged governments to create and prop up inefficient domestic sectors, and incentivized merchants to curry favor with governments to extract privileges from them.” ~ Samuel Gregg
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Some Pictures Are Indeed Worth a Thousand Words
“No data or sets of graphs, regardless of how carefully constructed and intelligently interpreted, can convey a complete picture of an economy. Yet, such data can convey important information, which is often the opposite of popular narratives about the economy, generally, and about trade in particular.” ~ Donald J. Boudreaux
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Helping Y’all Understand Protectionism
“Given that protectionism violates the central purpose of any government, which is to benefit all its citizens, it replaces the justice of voluntary arrangements with the injustice imposed by involuntary arrangements.” ~ Gary M. Galles
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With Friends Like These, Who Needs Enemies?
“Unfortunately, the patriotic protectionism story confuses American consumers’ friends and enemies. Our supposed enemies, foreign producers, are actually our friends, and our supposed friends, domestic producers and the US government, are actually our enemies.” ~ Gary M. Galles
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Trade, Debt, and Growth
“What are we getting for this unprecedented debt? Mostly, all it’s purchased for us is political leadership which can only charitably be characterized as mediocre.” ~ Robert F. Mulligan
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Microchips and Potato Chips
“The fact that we produce more Z doesn’t imply that we thereby can afford to acquire and use more Z. This reality is inescapable whether ‘Z’ stands for potato chips or for microchips.” ~ Donald J. Boudreaux
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In Respectful Disagreement with Alex Salter
“While Alex is correct to note that cross-border trade doesn’t ensure against belligerence, it almost certainly does make such belligerence more costly and, hence, less likely. We abandon such trade at our peril.” ~ Donald J. Boudreaux
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Lessons from the Tokugawa Shogunate 1603 – 1868
“The impact of the Shogunate was one of stability and unification over the course of the 1600s. The Shogunate established peace and stability after a period of destructive civil war, which in turn allowed commerce and domestic industry to flourish.” ~ Robert F. Mulligan
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The Federal Republic vs. Crony Capitalism
“Taylor believed the economic liberty and virtue of the independent farmer flourished only in a decentralized, republican, and constitutional order. Congress’s rhetoric of the glories gained from governmental intervention threatened that order.” ~ Aaron N. Coleman
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On Some of the More Difficult Questions About Trade Policy
“Empowering the home government today to use trade policy to protect against unfortunate commercial entanglements in the future raises the prospect of failure by the home government.” ~ Donald J. Boudreaux
-
•
Mercantilist Follies, Then and Now
“Mercantilism encouraged governments to create and prop up inefficient domestic sectors, and incentivized merchants to curry favor with governments to extract privileges from them.” ~ Samuel Gregg
-
•
Some Pictures Are Indeed Worth a Thousand Words
“No data or sets of graphs, regardless of how carefully constructed and intelligently interpreted, can convey a complete picture of an economy. Yet, such data can convey important information, which is often the opposite of popular narratives about the economy, generally, and about trade in particular.” ~ Donald J. Boudreaux
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•
Helping Y’all Understand Protectionism
“Given that protectionism violates the central purpose of any government, which is to benefit all its citizens, it replaces the justice of voluntary arrangements with the injustice imposed by involuntary arrangements.” ~ Gary M. Galles
-
•
With Friends Like These, Who Needs Enemies?
“Unfortunately, the patriotic protectionism story confuses American consumers’ friends and enemies. Our supposed enemies, foreign producers, are actually our friends, and our supposed friends, domestic producers and the US government, are actually our enemies.” ~ Gary M. Galles
-
•
Trade, Debt, and Growth
“What are we getting for this unprecedented debt? Mostly, all it’s purchased for us is political leadership which can only charitably be characterized as mediocre.” ~ Robert F. Mulligan
-
•
Microchips and Potato Chips
“The fact that we produce more Z doesn’t imply that we thereby can afford to acquire and use more Z. This reality is inescapable whether ‘Z’ stands for potato chips or for microchips.” ~ Donald J. Boudreaux
-
•
In Respectful Disagreement with Alex Salter
“While Alex is correct to note that cross-border trade doesn’t ensure against belligerence, it almost certainly does make such belligerence more costly and, hence, less likely. We abandon such trade at our peril.” ~ Donald J. Boudreaux
-
•
Lessons from the Tokugawa Shogunate 1603 – 1868
“The impact of the Shogunate was one of stability and unification over the course of the 1600s. The Shogunate established peace and stability after a period of destructive civil war, which in turn allowed commerce and domestic industry to flourish.” ~ Robert F. Mulligan
-
•
The Federal Republic vs. Crony Capitalism
“Taylor believed the economic liberty and virtue of the independent farmer flourished only in a decentralized, republican, and constitutional order. Congress’s rhetoric of the glories gained from governmental intervention threatened that order.” ~ Aaron N. Coleman