Munger on Fair Trade and Free Trade

http://www.econtalk.org/archives/2007/12/munger_on_fair.html

[linuxster]

Mike Munger, frequent guest and longtime Econlib contributor, speaks with EconTalk host Russ Roberts about fair trade coffee and free trade agreements. Does the premium for fair trade coffee end up in the hands of the grower? What economic forces might stop that from happening? They discuss the business strategy of using higher wages as a marketing strategy to attract concerned consumers. They turn to the issue of free trade agreements. If the ideal situation is open borders to foreign products, is it still worthwhile to negotiate bilateral and multilateral agreements that requires delays, exemptions and a bureaucracy to enforce? What is the cost of including environmental and various labor market regulations in these agreements?

[Prospero]

Sorry, Amigo. Munger is just the guy who gives the Libertarian Party it's marginal status. This Whiz stepped into the Sullivan Memorandum controversy in North Carolina today, siding with Lawlessness by mindlessly supporting the Governor and his minions who want to steel money from citizens and give it to "undocumented individuals."

So saith Gary Robertson and the Associated Press, this evening.

Really smart way of getting the vote in North Carolina, where the percentage in favor deporting Illegal Aliens runs at a non-partisan 85 percent.

If Republicans are "using the issue" it's precisely what the Market demands.

[linuxster]

http://www.econtalk.org/archives/2007/12/munger_on_fair.html

hmm wonder why that didn’t link