Protectionism and Free Trade

GDP is not a useful measure of the material prosperity of a nation, and the way GDP is measured tends to hide the benefits of free trade.

EU membership is a sort of bait-and-switch for states that were sold on membership as an opportunity to join a free trade bloc and a chance to participate in a more cooperative Europe.

Protectionism is often most damaging when it prevents entrepreneurs from accessing products and services that would have increased domestic capital and worker productivity. The result is poorer workers and less productive domestic industry.

EU membership is a sort of bait-and-switch for states that were sold on membership as an opportunity to join a free trade bloc and a chance to participate in a more cooperative Europe.

Bob explains some of the basic–but crucial–errors in the cost/benefit analyses that have been offered by economists to justify the political coronavirus lockdowns.

Richard Cobden today is an underappreciated hero of peace and freedom in trade, and he fought the power of the state at every turn.

Trade controls and immigration quotas are just more government regulation. And that won't help revive the economy.

France faces a future of spiraling debt and declining economic growth. So Emmanuel Macron has now embraced economic nationalism as a way out. It's not likely to work.

France faces a future of spiraling debt and declining economic growth. So Emmanuel Macron has now embraced economic nationalism as a way out. It's not likely to work.