Protectionism and Free Trade

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Robert P. Murphy

The impossibility theorem, developed by Nobel-winning economist Robert Mundell, paints a false tradeoff between the free movement of capital, fixed exchange rates, and effective monetary policy. Under a gold standard, all three are a possibility.

Weimin Chen

In a normal world, American spending would have sharply declined during the past year. But a flood of newly printed money has juiced spending and imports. 

Harald Eustachius Tomintz

The problem with the European Union is not that it seeks to integrate Europe's economies. The problem comes from attempts to integrate politics as well. 

Lipton Matthews

If Punjabi farmers had been portrayed as affluent, the media would view them as greedy entrepreneurs. But leveraging the political capital of perceived powerlessness has allowed them to obscure their true status as rent seekers. 

Murray N. Rothbard

Every depression generates a clamor among many groups for special privileges at the expense of the rest of society—and the American depression that struck in 1784–85 was no exception.

Ryan McMaken

Protectionists are always wrong, but they're obviously wrong when it comes to "protecting" US goods from Anglosphere competition. Neither geopolitcal concerns nor fears of capital flight to "cheap labor" apply in this case. 

Lipton Matthews

With the Caribbean trade bloc Caricom, we find an international "free" trade agreement being used by a Dominica-based company to demand more limits  on trade between Jamaica and a country outside the bloc. This isn't about free trade.