Topic: Free Trade

An Open Letter to British Prime Minister Rishi Sunak

– April 11, 2023

“We can hope that, should Parliament today agree to a unilateral lowering of Britain’s trade barriers, other governments would today, as other governments did in the mid-19th century, respond by unilaterally lowering theirs.” ~ Donald J. Boudreaux


Do Not Tarry In Eliminating Tariffs and Other Protectionist Measures

– March 25, 2023

“Like Adam Smith, I’d prefer that trade be liberalized gradually as opposed to not at all. But perhaps unlike him, if I were put in front of a button to eliminate immediately all species of economic protectionism, I’d press it with gusto.” ~ Donald J. Boudreaux


The Amazing Cargo Ship

– March 14, 2023

“Like the trade that’s carried out using cargo ships, all trade – from the simplest to the most complex – works wonders. Trade allows each of us to turn our unique talents into the fruits of the talents of everyone with whom we trade.” ~ Donald J. Boudreaux


NatCons, the American System, and the Founders

– February 22, 2023

“Madison and Jefferson were both still alive when Henry Clay outlined his American System platform in 1824. Contrary to the NatCon claims, neither founding father approved of Clay’s proposals. In fact, both condemned it as a constitutional overreach by the federal government.” ~ Phillip W. Magness


Two Ways Trade Creates Wealth

– February 20, 2023

“You’ve heard the aphorism ‘one person’s trash is another person’s treasure.’ Trade turns trash into treasure by getting it out of one set of hands and into another.” ~ Art Carden


Biden’s “Buy American” Scheme a Bad Deal for America

– February 17, 2023

“Paying more to produce goods domestically that could be acquired cheaper from elsewhere, wastes resources, kills jobs in other industries, and makes us poorer as a result.” ~ Brian Balfour


Choosing to Remain in the Global Market Economy

– January 29, 2023

“People who have actually experienced the ‘security’ that comes from insulation from market forces understand that the price they pay for this ‘security’ is far too high.” ~ Donald J. Boudreaux


Individuals, Not Governments, Have a Comparative Advantage at Improving Comparative Advantages

– January 17, 2023

“There is no plausible case to be made that for us Americans to improve our comparative advantages we need government to protect us from foreign competition.” ~ Donald J. Boudreaux


Economic Reality Is Far Too Complex to Be Improved By Trade Restrictions

– January 4, 2023

“Unlike market participants guided by prices, politicians and administrators literally have no reliable information to guide them. They will therefore be guided exclusively by their own biases and hunches.” ~ Donald J. Boudreaux


Where Do The Savings Go?

– December 28, 2022

“As Henry Hazlitt reminds us, the art of economics consists not merely in looking at the effects on the most visible groups, but in tracing the effects on everyone.” ~ Art Carden


Are Free Traders Guilty of Naïve Globalism?

– December 12, 2022

“Free trade does indeed enrich the world. But it also, and chiefly, enriches the people of each country that practices it, regardless of the policies pursued elsewhere.” ~ Donald J. Boudreaux


Protectionism in Biden’s Inflation Reduction Act Harms Consumers and Domestic Industries

– December 11, 2022

“The only jobs protected are those in the politically favored companies whose inefficiencies are protected from competition at the expense of other domestic jobs lost and higher prices on consumers.” ~ Brian Balfour