All Posts Tagged With: "foreign competition"
Tariffs are Legal Plunder
Everybody has an issue he reacts to most intensely. [Frederic] Bastiat’s was tariffs. And his most barbed comments were directed against those who favored governmental protection of national industry from foreign competition. He thought this legal method of cheating consumers by keeping prices above the market was a perfect example of how governments plunder their [...]
7Jul2010 | Dean Russell | 1 comment | ContinuedThe Season of Protectionism
N. Gregory Mankiw, the Harvard professor who now chairs the President’s Council of Economic Advisers, had a rough lesson in Washington culture a few months ago. Talking to reporters, he set off a firestorm when he said, “Outsourcing is just a new way of doing international trade. More things are tradable than were tradable in [...]
1May2004 | Sheldon Richman | 0 comments | ContinuedThere’s Still Work to Do
Free trade is again under assault. If there is one reason for the perennial attack it is likely the one Frédéric Bastiat made so much of: the failure to look for what is “unseen.” The costs of free trade (temporary job loss, closed firms) are easily traced to the free movement of goods, services, and [...]
1Apr2004 | Sheldon Richman | 0 comments | ContinuedCompensate Workers Harmed by Trade?
Should government financially assist workers harmed by free trade? Many people answer yes. Such adjustment assistance sounds reasonable. But a deeper investigation of the issue counsels against it. Losing a job indeed is harmful, both financially and emotionally. Free trade with foreigners, however, does not uniquely cause job losses. To focus on free trade’s role [...]
1Nov2001 | Donald J. Boudreaux | 0 comments | ContinuedFighting Back
John Landrum, a graduate of Georgetown University Law Center and a former attorney, is in management at a New Orleans manufacturing company. He is the author of Out of Court: How to Protect Your Business From Litigation (Headwaters Press, 1992). I have always envied “how-to” writers and secretly hoped to become one. This is my [...]
1May1999 | John Landrum | 0 comments | ContinuedDr. Andrew Ure: Pioneer Free Trader
John Chodes is the communications director for the Libertarian Party of New York City. In 1846 England became the first major industrial country to end its centuries-old protectionist policies against imports from other nations. This was a revolutionary move. Free trade was much more than an economic policy. It reflected the philosophy of justice and [...]
1Oct1998 | John Chodes | 0 comments | Continued-
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