Free Trade & Trade Policy

Stop the Political Gouging!

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Price gouging! That's the sound of panicking Democrats as they contemplate the prospect of going into the election with the price of gasoline rising. They are miserable about the possibility that the growing economy, on which they long have thought they would ride to victory, might turn around and bite them. The ... [click for more]

Clinton’s Fair-Trade Fraud

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PRESIDENT CLINTON prides himself on calling for “free and fair trade” with foreigners every chance he gets. However, what is the Clinton administration’s idea of fair trade? Few things better illustrate the political corruption of the idea of fairness than the abuses of the U.S. anti-dumping laws. Clinton’s Commerce Department found pretexts to condemn foreigners for unfair trade in 98 ... [click for more]

When the Violent Attack the Peaceful

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In the topsy-turvy world of Washington, D.C., the federal government is a friend of competition and Microsoft its mortal enemy. To appreciate this fully, keep in mind that the government forbids competition with its activities (beginning with delivery of first-class mail), while Microsoft has rivals at every turn. Yet Microsoft, not the federal government, is on the chopping block. Through federalism ... [click for more]

What the Market Teaches

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What are we to make of the recent swings in the stock market? The first thing to keep in mind is that whether people buy or sell stocks, they do it on the basis of their estimation of the future, near or distant. Among the things they take into ... [click for more]

No Worry about Gas Prices

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Isn't it funny that people get upset when the laws of economics operate as expected? Gasoline and crude oil prices have risen lately in response to higher demand and lower supply. So what do people do? They frantically call on the government to do something. Truckers drive ... [click for more]

Monopoly, Competition, and Educational Freedom

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Unfortunately, while many scholars understand the nature and benefits of the free market in general, they seem to lack a firm appreciation of pure free-market principles in the area of education. An example was a recent speech entitled "Competition" that was delivered to the conservative Heritage Foundation by Gary S. ... [click for more]

A New Deal for World Poverty

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UN Secretary-General Kofi Annan is calling for a global New Deal to combat poverty in poorer nations. His plan raises important issues affecting the economic well-being of people all over the world. Why are some nations wealthy and others poor? Are impoverished nations doomed to remain mired in poverty forever? ... [click for more]

Anarcho-Anti-Immigrationism?

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For reasons not exactly clear, the immigration issue gives some libertarians trouble. In their efforts to grapple with the issue, it’s made needlessly complicated and some highly odd “solutions” are promulgated. We’ll look at one such solution in this article. Preliminarily, we would expect that when a libertarian examines any ... [click for more]

Freedom and the 21st Century

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Perhaps the ultimate indictment of the government's schools is that most people think year 2000 is the 2001st year and thus the start of a new century and millennium. This is not mere quibbling. Next time someone owes you five bucks, insist that he start counting from zero, as people ... [click for more]

The Benign Gap

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Like clockwork, the latest study has been issued complaining about the widening gap between rich and poor. Naturally, the authors think the government must do something about it. This is a bad diagnosis and a bad prescription. The study from the Economic Policy Institute and the Center on Budget and Policy Priorities is ... [click for more]

Competition Is Not Freedom

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Word has leaked out that the Justice Department might demand that Microsoft break up into three companies as part of any settlement agreement in the government's antitrust suit against Microsoft. The idea is that consumers would be better off with three companies competing against each other than with one ... [click for more]

Free Trade without the WTO

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Demonstrators at the World Trade Organization (WTO) meeting in Seattle protested "free-trade" negotiations between various nations of the world because, the protestors claimed, free trade harms people. I too oppose the WTO but for a different reason: I favor free trade, not only because people should be free to ... [click for more]
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