Bashing the Japanese has become a popular American, if not international, sport. The objective is to fabricate "facts" and use them to demonstrate how Japan's international trade policies create economic disruption that warrants retaliation.
Our country is beset by a large number of economic myths that distort public thinking on important problems and lead us to accept unsound and dangerous government policies. Here are ten of the most dangerous of these myths and an analysis of what is wrong with them.
Free and extensive trade, unsubsidized, between the peoples of the Earth lowers tensions and makes us all better off It is, morally and economically, the only proper policy.
