All Posts Tagged With: "foreign exchange"
On Trade and Currency Manipulation
Americans are importing more from China. Protectionists abhor this fact. Explaining that American imports from China reflect nothing more sinister than the voluntary choices of American consumers does not satisfy simple-minded protectionists. It is sufficient that these imports take business away from some American producers. In the minds of simple-minded protectionists, international trade is harmful [...]
5Jan2010 | Donald J. Boudreaux | 10 comments | ContinuedPresumptuous Protectionism
If someone gets caught selling somebody elses property,
he goes to jail.What may be legally bought and
sold in the market is limited to legitimate private
property acquired by ones own effort or through voluntary
exchange with others. Since legal transactions are
settled accounts, what is traded belongs to neither the
government nor the community. It is private property,
and as such the owner can dispose of it at his sole discretion,
limited only by other peoples
rights. Correct?
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