To me, the right to engage in voluntary exchanges is a moral one. Thus, belief in free markets is an ethical issue even before it’s an economic matter, and the fact that free markets perform far, far better than do command economies is, really, icing on the cake.
I also tend to bristle when people object to freedom. That some limits are necessary and inevitable is patently obvious. But so too, in my view, is the need to minimize, to limit, those limits.
Mr. Donald Trump, however, disdains free international trade, and apparently wants to pursue a policy of economic nationalism.
This isn’t a new idea, and it isn’t a good one:
“The High Cost of U.S. Protectionism”
“Anyone? Anyone? Smoot-Hawley?”
Posted from Park City, Utah
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