Posted on 12/24/2009 9:01:44 PM PST by rabscuttle385
this story is garbage
Here. Have some rotten eggs and rotten tomatoes.
But, fair trade is far more important than free trade (for everyone except CATO). I just read in Automotive News that the Japanese have instituted its own cash for clunkers program. Naturally American nameplates are not eligible.
Sarah Palin would be well-advised to continue to avoid airheads in think tanks, most of whom are totally divorced from the real world and have never held a real job in their lives.
That is a great essay. Others have said that protection is when we do to ourselves in peacetime what our enemies would do to us in war.
This article is rubbish. The author conflates “free” trade with trade. His piece trumpets the benefits of commerce generally, without even touching on the details of the subject he pretends to be discussing—”free” trade, which I take to mean duties and imposts on imports relative to those placed on our exports.
James Madison, on the tranfer of the regulation of trade from the states to the general government.
The deadliest war in our history was between two free-trade partners: the northern and southern halves of the United States.
Trade brought 19 cetury Japan out of the middle ages . . .
Just in time for Pearl Harbor.
And to think Japan didn’t want to trade with us, until we forced them to.
Good point. Oh wait, you didn’t make a point, you just attacked.
So by advocating peace and cooperation they are prostituting Christmas? And you and the other “fair trade” protectionists are wrong. Dead wrong, in fact. Study economics before you give your opinion on it. Free unfettered trade between nations benefits everybody concerned. I’ve made the same points so many times on FR arguing with the “fair trade” protectionists that I just don’t have it in me.
Let Japan implement their own wealth-destroying “cash for clunkers” program. It will hurt them just as our own program hurt us.
Economists are not divorced from the real world, on the contrary they are steeped in real world data from morning til night. It is people like you, who have limited anecdotal experience rather than broad empirical data, assumptions rather than facts, who do not live in the real world.
Frankly, it doesn’t sound like *you* know what you’re talking about? What are you talking about?
That is a political opinion, that is not economics. Economics has been clear on this since the days of Adam Smith: protectionism fails, free trade wins. You can balk, but the track record of protectionism is one of recession, depression, inefficiency, waste, poverty, and want.
http://en.wikipedia.org/wiki/Events_leading_to_the_attack_on_Pearl_Harbor
There was an embargo. When countries are dependent on each other economically, it is too costly to go to war. When they allow embargoes, protectionism, etc. to reign, hostilities are given a voice.
There are a lot of protectionist stooges on FR, so bravo for posting this.
Too many people here have fallen for the long-debunked fallacy of protectionism, of thinking that free trade “hurts” their nation by selling them things that they want.
What is truly appalling is that for every dollar of goods an American spends on Japanese goods, somebody in Japan HAS to spend a dollar on *something* in America. That’s how currency exchanges work. And yet these boobs continue to fall hook, line, and sinker for the lies.
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