All Posts Tagged With: "NAFTA"
Globalization: Extending the Market and Human Well-Being
Much of the prosperity of today’s world arises from the division of labor. Globalization, by extending the market’s scope to the entire world, enables the division of labor to become as developed as the current world population allows. However, to be truly in the interests of consumers and a boon to economic prosperity, globalization needs to occur spontaneously through the workings of the unhampered free market. Government attempts to meddle with this process—even with the sincere intent to facilitate or accelerate it—will only undermine its efficacy at benefiting us all.
1Apr2009 | Gennady Stolyarov II | 2 comments | ContinuedThe Fear of Free Trade
It’s hard to think of an issue that is more polarized than the one between free traders and protectionists. Those of us who favor free trade believe in the ethical principle that people should be free to buy from whomever they choose, and in the economic truth that wealth and efficiency increase as prices fall. [...]
1Dec2007 | Mark W. Hendrickson | 1 comment | ContinuedIt’s Always Something
Our economy is in the middle of an extraordinary run of success. Unemployment is low.Personal wealth is near an all-time high. Real wage growth sometimes appears less robust, but when benefits are included, real compensation is healthy. And even with the cries from some that economic mobility
isnt what it once was, legal and illegal immigrants continue
to flock to the United States. Evidently being poor here beats being poor elsewhere by a long shot.
Why Managed Trade Is Not Free Trade
The British historian Thomas Babington Macaulay observed that free trade, one of the greatest blessings which a government can bestow, is in almost every country unpopular.[1] Indeed, sound economics often makes for unsuccessful politics. That free trade is a great benefactor is one of the most convincingly established truths of economic science.[2] The economic case [...]
1Aug1997 | Robert Batemarco | 18 comments | Continued-
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