Must Free Trade Be Reciprocal?
Advocates of commercial treaties maintain that freedom of trade must be reciprocal. Whether they know it or not, they are protectionists in principle.
Advocates of commercial treaties maintain that freedom of trade must be reciprocal. Whether they know it or not, they are protectionists in principle.
Protectionism may provide some short-term benefits to a small number of special interests, but at much greater costs to the rest of society.
International exchange and economic freedom are mutually reinforcing, while protectionism is a form of political control.
Price stability is a scheme dreamed up by central bankers and other interventionists in an effort to circumvent markets.
Market growth can naturally lead to greater inequality. But government interventions often add their own, more insidious brand of inequality.
Piketty’s portrayal of capitalism has not gone unchallenged, and Anti-Piketty collects a number of the most important criticisms of it.