Now, If You REALLY Wanted To Stimulate The Economy . . .
You would be in favor of free trade. You would push for free trade proposals that would augment consumer choice and encourage spending because consumers would (rightfully) believe that their wants and desires for various goods are being catered to. You would encourage competition through free trade, competition that makes for better businesses, cheaper goods, happier consumers and a better quality of life in general. | Read More »
No Doha For You!
As if the cause of free trade has not absorbed enough in terms of insults and injury, yet another attack on it was launched by the World Trade Organization–this one, through inaction: The World Trade Organisation has dropped plans to convene ministers to push for an outline deal in the troubled global trade talks – a further blow to world leaders’ promises to combat protectionism.Pascal | Read More »
Tag Teaming Against Free Trade
The incoming Obama Administration looks set to take a hammer to trade liberalization. In doing so, it promises to make a bad economic situation much, much worse. The hammer blows come in the form of the appointment of Jared Bernstein as the Vice President-elect’s economic adviser and Xavier Becerra’s expected appointment as United States Trade Representative. Bernstein is an opponent of free trade and while | Read More »
Life Imitates Art
Ah Bastiat. Wouldst that thou were living at this hour. (Via the Smithians.)
Will there be anything left for us?
We’ve been beating our heads against the wall lately wondering about the futureof the Republican Party, what we will become and where we will end up. We’vebeen hemming and hawing about Obama’s policies and the downward spiral of the economy. To many of us Obama’s Change will be literally that, change…pocket change to be exact because that’s all we’ll have left. But with all the | Read More »
Closely Related To The Diss Of The Netroots . . .
Is Barack Obama’s diss of the protectionists with the appointment of his new Director of the Office of Management and Budget, Peter Orszag:Like other young economists who are in line for economic advisory jobs in the Obama administration, Mr. Orszag (who turns 40 in December) is a protégé of Robert E. Rubin, the former treasury secretary. The prominence of such “Rubinesque” centrists is vexing to | Read More »
New York Times: Pass the Colombian Trade Pact!
Believe me, they’re as surprised as you are. We don’t say it all that often, but President Bush is right: Congress should pass the Colombian free-trade agreement now. Mr. Bush signed the deal two years ago. The Democratic majority in Congress has refused to approve it out of a legitimate concern over the state of human rights in Colombia and less legitimate desires to pander | Read More »
Fearing The Potentially Impending Protectionism
Given the various protectionist noises that Barack Obama made during the course of the Presidential campaign, there are plenty of people who are concerned that an Obama Administration will be one of the most illiberal in recent memory when it comes to the issue of trade. Of course, it should come as no surprise that some of the concerned are members of the Bush Administration, | Read More »
Memo to the Reform wing of Conservatism
This campaign season, McCain’s economic rhetoric caused both admiration and distress for me. I admired him, because he was in favor of a less progressive tax system. I was distressed because of his ramped up rhetoric against “big business,” coupled with his support of the $700 Billion bailout bill. Call it cognitive dissonance, if you will.In the fallout since the campaign ended, much ink has | Read More »
Free Trade And Bailing Out The Auto Industry
In their meeting today at the White House, President-elect Obama and President Bush discussed bailing out the auto industry. The President-elect was for it. The President wasn’t but indicated that he might agree if Congress helped pass free trade agreements between the United States and countries like Colombia. The President-elect countered that this linkage was unacceptable because “human rights abuses against unionists.”This excuse for rejecting | Read More »
The Free Trade Presidential Candidate
Indisputably, it is McCain. And indisputably, that is to McCain’s credit. In tough economic times, this consideration should factor mightily in the voting booth.Or do people now think that Smoot-Hawley was a good idea to embrace during an economic slowdown?
The Trade Policy Equivalent Of “Man Bites Dog”
It isn’t every day when socialists express the fear that the world might become too protectionist:Pascal Lamy, director general of the World Trade Organisation, has warned that the global financial crisis could lead to surges in protectionism as governments seek to blame foreigners for their problems.”That is exactly what happened in the 1930s when it [protectionism] was the virus that spread the crisis all over | Read More »
So, what’s next?
Monday was an historical day for taxpayers. 228 Representatives, both Democrats and Republicans, said no to the outrageous H.R. 3997, a.k.a. $700 bi unconstitutional, socialist bailout scheme.What’s going to happen next?
Celebrating Constitution Day
The Constitution is a glorious document for reasons so many people know so well; separation of powers, bicameral legislature, checks and balances, Bill of Rights, you know the drill.But as Don Boudreaux points out, the Constitution should also be celebrated because it has helped promote free trade within the United States.It’s a very good point. So good, that it is worth mentioning to your favorite | Read More »
Joe Biden’s Record On Trade
Aptly summed up by Dan Griswold: “For a senator who prides himself on his foreign policy experience, Biden’s record shows great ambivalence about American participation in the global economy.”That’s just not good enough anymore. We deserve, as a country, to be more prosperous than people like Joe Biden would have us be.