Thursday, February 26, 2009
Free Trade Myths
Paul Craig Roberts has long been one of my favorite economists. As with many people that I admire, it is hard to classify him as being on the Left or the Right. He is one of the few voices that have expressed doubts about the axiomatic position held by the Democrat and Republican parties that free trade is all sunshine and rainbows.
Roberts also debunks the myth that the United States was built of free trade. Nothing could be further from the truth. From the earliest colonial times, the government has protected various industries.