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To: curiosity
There are plenty of instances where free trade can hurt a country. Smith did not forsee the infant industries argument, for example, that's been around for some time.

Did not forsee the infant-industry argument? It predates Smith. He rejects it . . . .

113 posted on 11/20/2004 10:10:42 AM PST by 1rudeboy
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To: 1rudeboy

You are right. The infant industry argument is silly anyway. How can an industry be sufficiently powerful to wield the political clout necessary to acquire trade protection, and, at the same time, qualify as an "infant?"


117 posted on 11/21/2004 5:36:25 AM PST by The Great Yazoo (Why do penumbras not emanate from the Tenth Amendment as promiscuously as they do from the First?)
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