Free Trade
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Industrial Policy Indignities
“Some low-value-added manufacturing, once economically sensible to do stateside, should now take place elsewhere. The alternative is tying up American workers in less-than-productive jobs.” ~David B. McGarry
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Biden to Export Ideology Instead of Natural Gas
“By restricting natural gas exports, the administration seeks to impose its vision for the future on the rest of the world.” ~Joel Griffith
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On Comparative Advantage and International Capital Mobility
“If each country specializes in its comparative advantage and trades with the other, the people of both countries gain.” ~Donald J. Boudreaux
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The Economic Organization of a Military Training Scenario
“Nobody ever planned MRE cheese spread as the preferred medium of exchange between military service members. Cheese spontaneously emerged, again and again, in a process of competition between goods.” ~Emile Phaneuf III
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On Exceptions to the Rule of a Policy of Free Trade
“Justification of a policy of free trade does not rest on the claim that free trade in each and every case yields ‘optimal’ results, or a stream of results as excellent as those that would be achieved by protectionist policies.” ~Donald J. Boudreaux
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Music Has No Economic Value
“With limited world demand for music, the economic value of that creation, like oxygen, falls to zero. The same isn’t true for the earphones I’m using, since they can’t also be used by anybody else.” ~Joakim Book
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Is China America’s Biggest Threat?
“Now is not the time to allocate excessive resources to confront external foes, but to address the fundamental issue plaguing us: a government that refuses to rein in spending of taxpayer money.” ~Vance Ginn
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Defending Globalization
“Only because people are eager to trade with people in different countries do governments feel the need to suppress this trade…Persons who erect these restraints understand that what they impose is not globalization – that would arise naturally – but economic nationalism.” ~Donald J. Boudreaux
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What if the First Great Age of Globalization Began 100 Years Earlier?
“Given that the first era of globalization is tied in the imagination of many to rising and converging living standards, this argument amounts to saying that living standards could have surged earlier had free trade been more popular.” ~Vincent Geloso
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The Jobs You Don’t Want to Be Destroyed By Trade Were Created By Trade
“By keeping prices down, and outputs and product varieties up, trade makes every dollar earned go further.” ~Donald J. Boudreaux
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Do Shortages Signal the Fragility of Free Trade?
“If protectionism makes supply chains more robust, then we should expect to see that in the data. A quick overview shows, however, that protected industries are more vulnerable to shocks than less-protected industries.” ~Jon Murphy
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Not Only to No Single Person, But to No Council or Senate Whatever
“Some Republicans’ apparent assumption that the American economy would benefit if American companies operated fully within the US badly misperceives the basic realities of globalized trade.” ~David B. McGarry
