Free Trade & Trade Policy

Managed Trade Is Not Free Trade

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As libertarians have long pointed out, trade agreements like the Central America Free Trade Agreement (CAFTA) and organizations like the World Trade Organization (WTO) are not free-trade agreements and organizations. Rather, they are managed-trade agreements and organizations that abdicate power to an international body, and in direct violation of the Constitution. As Congressman Ron Paul stated, We don’t need government ... [click for more]

Federal Make-Work Jobs Betray Teenagers

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Politicians now pretend that government spending can solve any and all ills. Sloshing out federal funds for local summer job programs exemplifies this delusion. Uncle Sam first began bank-rolling summer jobs for urban teens in 1964. It was decided that government should hire any low-income teen who couldn’t find a job on his own. Soon, with the usual bureaucratic imperialism, ... [click for more]

Immigration Socialism versus Freedom and the Free Market

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Let me begin by making a very simple, direct point: There is one — and only one — solution to the so-called immigration crisis: freedom and free markets. Every other measure, including the recently enacted immigration law in Arizona, will accomplish nothing more than continue the “crisis” and actually exacerbate it. After all, how many times have we been here ... [click for more]

The Disaster of Government-Run Businesses, Part 2

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Part 1 | Part 2 In the 1870s, the Japanese had many government-run businesses — among them, mining, shipbuilding, railways, and silk production. According to economic historians Johannes Hirschmeier and Tsunehiko Yui, they “were a heavy burden on government finance, and on the whole were running in the red.” The government couldn’t even make money with silk production, something ... [click for more]

A Century of Interventionism and Regime Change

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Overthrow: America’s Century of Regime Change from Hawaii to Iraq by Stephen Kinzer (New York: Times Books, 2006); 400 pages; $27.50. Since September 11, the U.S. government has overthrown the governments of Afghanistan and Iraq. Most Americans appear to think of these actions as defensible in principle ... [click for more]

The Trouble with Liberals

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The trouble with liberals is twofold: They have a horrible blind spot with respect to moral principles and they have an abysmal understanding of economic principles. Of course, I’m referring to “liberals” in the corrupted “big-government” sense of the term rather than in the classical libertarian meaning of the ... [click for more]

Must Our Senators Embarrass Us So?

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An open letter to the American people: Like you, I was embarrassed by those senators holding the hearing on oil-company prices and profits the other day. Hard to believe that adults could act so childishly before television cameras. Let’s face it: those senators made such fools of themselves for one ... [click for more]

Who Cares about the Income Gap?

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I didn’t wake up this morning wondering whether I had shrunk the income gap between me and Bill Gates or Warren Buffett. I have never wondered about that. But that’s me. If I am to believe the New York Times and other major newspapers, lots of people are obsessed ... [click for more]
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