Free Trade & Trade Policy

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]

Trade Wars: The Empire Strikes Back

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A long time ago in a galaxy far, far away ... Representatives of the Imperial President have traveled to the far eastern region to “negotiate” strict limits on exports. Although the recent surge in shipments of badly needed inexpensive clothing from traders in the region has raised the ... [click for more]

Fear Not China

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China. Why has that word for so long struck fear in the hearts of Americans? During the Cold War people harbored terrible fantasies about hordes of Chinese swarming over them and imposing a virulent Oriental communism. Now the Cold War is over, and although China still has a communist-inspired ... [click for more]

The Consumer Is Boss

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The morning paper brings two pieces of news about Wal-Mart. The first tells of an effort by politicians and so-called community groups to pressure the retail chain to raise its wages. The second describes Wal-Mart’s plans to meet competition from Target and other stores by including products that ... [click for more]

Tear Down the Trade Walls

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“Please tear down this wall,” the president said. No, it wasn’t President Reagan challenging Soviet President Gorbachev about the Berlin Wall in the 1980s. It was the Ukrainian president, Viktor Yushchenko, recently addressing a joint session of the U.S. Congress. Yushchenko was asking the senators and representatives to ... [click for more]

“Buy American” Hurts Americans

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President Bush has a plan to address the so-called trade deficit, which worries people so much. According to the wire services, Bush said, “People can buy more United States products if they’re worried about the trade deficit.” That will appeal to many Americans in a nationalistic fever. What could ... [click for more]
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