Unintended Consequences of Trade Sanctions
The bottom line is that trade sanctions create poverty.
The bottom line is that trade sanctions create poverty.
Recorded at FreedomFest, 10 July 2010. Includes an introduction by Douglas E. French.
"The Rothbardians level an objection, saying the free bankers are ignoring an important real-world consideration; then Woolsey assumes away the problem and declares that he has met the Rothbardian objection."
Free trade and free markets, through the harmony of reciprocal benefits, advance the interest and happiness of all by each seeking his own personal
So the basic strategy of trying to convert the king led inexorably to at least a broadly utilitarian approach to the problems of freedom and government intervention.
As Barnes noted, there were a number of "middle-class writers" who took more or less this line, but "by far the most influential" of them "was the 17th-century English philosopher, John Locke. Many of his theories were taken up and popularized in America by Thomas Jefferson."
My main message is that most of our economic problems derive from previous government intervention in the economy.
The Deepwater Horizon crisis has sparked the next battle in the never-ending war of ideas between the proponents of government intervention and the defenders of laissez-faire.
The Anti-Counterfeiting Trade Agreement (ACTA) contravenes every principle of civilized society, both in its content and in the nature of the proce
"The Internet and other personal technologies have been the saving grace of the past 20 years. In every other respect, Western societies in 2010 look much more dysfunctional and tyrannical than they did in 1990."