The Case Against Neo-Protectionism
Presented at the Mises Institute on 18 November 2003. Includes a Question and Answer session.
Presented at the Mises Institute on 18 November 2003. Includes a Question and Answer session.
Rothbard covers the principles of demand and supply curves. Prices are at the seat of the whole system. Use the logic of reality. The most mobile labor force is teenagers. Over time, capital equipment per laborer increases. Real wage rates increase. Consumer prices decrease.
Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.
(29:32)
Recorded at the Reassessing the Presidency seminar; March 2004. (33:49)
The Chinese "yellow peril" was the late nineteenth century menace. And today, write Cecil Bohanon and T.N. Van Cott, the menace is outsourcing. The Chinese and Indians are selling Americans things like computer software at bargain basement prices. But there is nothing special about outsourcing software technology. All that matters is whether the Chinese and Indians sell for less than what current American software producers could earn in their next most lucrative employment. If so, outsourcing enhances U.S. living standards.