Thursday, November 23, 2006
Protection Racket
Free trade is a key to prosperity. Why do Democrats fight it?
"In short, trade helps people while protectionism hurts them. Imports give people a wider choice of goods, often at lower prices; protectionism helps local industries--steel companies in the Bush protectionism case--maintain higher prices at the expense of broad social and economic prosperity.
Milton Friedman was right, and the protectionists are wrong. Free trade is essential to economic growth and opportunity."
"In short, trade helps people while protectionism hurts them. Imports give people a wider choice of goods, often at lower prices; protectionism helps local industries--steel companies in the Bush protectionism case--maintain higher prices at the expense of broad social and economic prosperity.
Milton Friedman was right, and the protectionists are wrong. Free trade is essential to economic growth and opportunity."
