Trade: Key to Prosperity
Economic development requires participation in the international division of labor, writes Christopher Mayer.
Economic development requires participation in the international division of labor, writes Christopher Mayer.
Pat Buchanan, protectionist, now says that US trade sanctions are counterproductive and should be repealed. Yes, but so should all restrictions on trade.
According to the old "Global 2000" Report, the world was supposed to end in the next few weeks.
The violent protesters in Seattle, smashing windows and hating business, were anarchists of a certain type. Another anarchist tradition upholds private property as inviolable.
War and methodological empiricism are freedom's greatest enemies. Both must be soundly rejected to achieve the classical ideal of liberty.
At universities around the country, men's sports programs are being abolished--in compliance with federal law.
How a bi-partisan accord on Social Security is still costing American taxpayers to this day and will continue to do so in the coming years.
Only the developing countries had it right in Seattle: both the protestors and the leading delegates represent a threat to free trade and enterprise.
The protesters and the Clinton administration are demanding higher wages in the developing world, but this would be the kiss of death for economies around the world.
Richard Posner, often said to have free-market sympathies, will mediate the Microsoft case. But he can't be trusted to defend property rights, says Walter Block.