free trade

Trade Autarky: Do It For the Children!

Thursday, May 7th, 2015 by posted in Economics, Trade.

Walking out of the grocery store today I saw this sticker:   What was impressive about this sentiment is that it doesn’t even focus on a trade deficit. No, just the brute fact of buying imports per se is (apparently)

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Will Foreign Loans Make Us Rich?

Thursday, November 13th, 2014 by posted in Capitalism, Economics, Trade.

[Reprinted from Will Dollars Save the World? (1947)] One of a number of posters created by the Economic Cooperation Administration, an agency of the US government, to sell the Marshall Plan in Europe. Note the pivotal position of the American flag.

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“Outsourcing” Makes Us Richer

Monday, November 10th, 2014 by posted in Capitalism, Economics, Trade.

Reprinted from The Freeman This short video, put out by the Million Jobs Project, currently has more than 3.7 million views. It claims that US producers have been outsourcing jobs abroad in order to fatten their profits. It urges viewers

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How to Make Government Cost More

Sunday, June 29th, 2014 by posted in Economics.

Think the government is expensive? It’s about to cost a little more. The Grow America Act, introduced earlier this month in the U.S. House of Representatives, contains “Buy American” language that would raise U.S. content to 100 per cent by


Protectionism Strengthens the Nation

Tuesday, December 17th, 2013 by posted in Capitalism, Economics, Foreign Policy.
free_trade_agreements teaser

Reprinted from Probably the most successful conceptual error that is promoted by defenders of tariffs is this one: “Tariffs are good for the nation.” Tariffs, being sales taxes, are good for the national government, but they are not good

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The Beauty of the Market

Tuesday, March 12th, 2013 by posted in Capitalism, Economics, Politics, Trade.
Guy across the road

Last spring, I went to put a set of summer tires on my vintage BMW alloy wheels, but this routine operation did not turn out as planned. The e-mail below gives a fairly complete account of the event. I sent

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Should We Trust Economists?

Wednesday, January 23rd, 2013 by posted in Capitalism, Economics, Education.

We live in a complex world. So logically we need complex solutions to our problems, right? Not according to certain people; according to them, we just have to follow the advice of economists. That way, most of our problems would

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On the Freedom Of Movement

Friday, December 21st, 2012 by posted in Capitalism, Economics, Regulation, Trade.
freedom of movement teaser

[This article is excerpted from Liberalism, Chapter 3] 8. Freedom of Movement Liberalism has sometimes been reproached on the ground that its program is predominantly negative. This follows necessarily, it is asserted, from the very nature of freedom, which can

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Why Free Trade Matters

Friday, December 14th, 2012 by posted in Capitalism, Economics, Trade.
Boston Harbor teaser

[This article is excerpted from Liberalism, Chapter 3] 7. Free Trade The theoretical demonstration of the consequences of the protective tariff and of free trade is the keystone of classical economics. It is so clear, so obvious, so indisputable, that

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Why Colonialism Ends

Friday, December 7th, 2012 by posted in Economics.
ship teaser

[This article is excerpted from Liberalism, Chapter 3] 6. Colonial Policy The considerations and objectives that have guided the colonial policy of the European powers since the age of the great discoveries stand in the sharpest contrast to all the

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The Political Foundations of Peace

Friday, November 23rd, 2012 by posted in Capitalism, Economics, Law, Philosophy.
peace teaser

[This article is excerpted from Liberalism, Chapter 3] One would think that after the experience of the World War the realization of the necessity of perpetual peace would have become increasingly common. However, it is still not appreciated that everlasting

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Harper and Real Free Trade

Tuesday, September 11th, 2012 by posted in Capitalism, Regulation, Trade.
Harper and Jinato

Last February while Prime Minister Stephen Harper was visiting Beijing, he and China President Hu Jintao made great strides in establishing a trade agreement known as Canada-China Foreign Investment Promotion and Protection Agreement (FIPA).  On September 9, 2012 the deal


The Only International Economic Policy that a Country Needs: “Mind your own business and set a good example”

Tuesday, July 24th, 2012 by posted in Capitalism.
Trade and barter teaser

The international economic scene is dominated by state interventions at all levels.  Daily we read of disputes over exchange rate manipulation, protectionist tariffs followed by retaliatory tariffs, highly regulated free trade blocs that erect trade barriers to non-bloc nations, bilateral

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Tariffs as Welfare State Economics

Thursday, June 28th, 2012 by posted in Capitalism, Economics.
Yonge_Street_Dock_1906 teaser

Reprinted from (for readers, substitute “America” with “Canada” as economic laws aren’t limited by arbitrary national boundaries) I have found over the years that when I debate with people who promote tariffs, meaning sales taxes on imported goods

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Lies, Special Interests and Plastic Bags

Plastic Bags

The environmental movement continues its jack-booted march down the road to serfdom.  I normally wouldn’t mind, except that they’re taking us all with them.  Before I get in to the meat of this article I think it would help for

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The Systematic Organization of Hatreds

Tuesday, May 22nd, 2012 by posted in Capitalism, Economics, Politics.
Divide-and-conquer teaser

Originally posted at The Beacon blog of the Independent Institute on 5/5/2012 In the mid-1970s, I began to do consulting work in addition to my academic work. By that time, I had become familiar with how economists generally analyze cooperation

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Harper Considering Free Trade? More Like Contemplating The Unlocking of the Serf’s Chains

Monday, March 26th, 2012 by posted in Trade.

In a truly free world, trade is uninhibited and at the discretion of both parties involved.  The arbitrary boundaries imposed by various states are irrelevant.  Whether it be with the local grocer or a clothing merchant on the other side

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Who Needs One Big Market?

Friday, March 9th, 2012 by posted in Capitalism, History, Trade.

[Originally published as an Independent Institute Research Article, March 18th, 2009] I. One Big Market It is remarkable that the prospect of One Big Market—planetary, inescapable, open all hours—raises no questions for libertarians, who scorn the idea of One Big

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What is Laissez-Faire?

Monday, December 19th, 2011 by posted in Capitalism, Civil Liberties, Economics, History, Politics, Regulation, Socialism.
The Market

[Originally posted at The Daily Reckoning, Sunday, December 18th, 2011] The latest data show that book sales are way up this season. So much for the prediction that books will be killed by technology. On the contrary, technology has enabled

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Flaherty Eliminating Tariffs

Tuesday, November 29th, 2011 by posted in Capitalism, Politics, Uncategorized.

From Reuters (ht Mark Perry): Canadian Finance Minister Jim Flaherty said on Sunday the government would eliminate tariffs on dozens more products used by Canadian manufacturers, aiming to lower their costs and encourage more hiring.The initiative would scrap custom duties