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Politicians Should Listen to Economists on Free Trade
Heritage, by Bryan Riley
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Original Article
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Posted By:PageTurner, 2/1/2013 2:40:08 PM
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| On February 8, the government will release data for 2012 imports and exports. This annual release often ignites a debate about trade policy. But among economists, there’s not much debate over the benefits of free trade. The University of Chicago’s Booth School of Business regularly surveys economic experts. Last year, in response to several questions about trade policy, economists agreed on the following points: Free trade benefits the United States; The North American Free Trade Agreement (NAFTA) has been good for the United States;
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Comments: The one and only thing they all agree on. Even stinking Krugman.
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Reply 1 - Posted by:
horacer, 2/1/2013 2:58:52 PM (No. 9152797)
There are a lot of benefits of free trade. One that doesn´t usually get mentioned is the number of people who are lifted out of extreme poverty.
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Reply 2 - Posted by:
Iowadad, 2/1/2013 3:00:31 PM (No. 9152800)
When all economists agree -- they´re probably wrong
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Reply 3 - Posted by:
Rafter, 2/1/2013 3:08:16 PM (No. 9152818)
Another advantage of trade with China not mentioned herein...
Cheap, shoddy, unsafe Chinese goods make it likely that some Americans won´t live long enough to ever need Obamacare.
Silver lining... It´s an ill wind that blows no good.
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Reply 4 - Posted by:
PageTurner, 2/1/2013 3:15:03 PM (No. 9152825)
Nobody´s making anyone buy Chinese goods. The problem described is one of lazy public employee union inspectors who can´t be bothered to do their jobs to inspect, not free trade.
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Reply 5 - Posted by:
Iraengneer, 2/1/2013 4:41:21 PM (No. 9152922)
Perhaps. Perhaps not. I promise that you might have a tough time proving the unmixed blessing of this, to those whose livelihoods vanished when their employers decamped for places like Mexico and Honduras. Been there. Ross Perot was widely vilified by the country club Republicans for warning of the "sucking sound" that would naturally result from Bush 41´s push of NAFTA (and, ultimately, the North American Union). But he was right. Are ever-cheaper toys worth it?
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Reply 6 - Posted by:
ColonialAmerican1623, 2/1/2013 9:47:20 PM (No. 9153331)
I don´t have a problem with free trade if it´s mutual.
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Reply 7 - Posted by:
PageTurner, 2/1/2013 9:52:15 PM (No. 9153339)
Competitive industries survive, thrive and make a killing. Noncompetitive industries demand government protection, government bailouts and all manner of special privileges to make up for the fact that they can´t compete and buyers don´t want their stuff at the prices they insist on charging. It´s hard reality but true. There´s a reason we don´t have so many buggywhip factories anymore. It´s now a specialty. Buggywhip gear-turners had to move on, they couldn´t sit around and demand a taxpayer bailout.
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Reply 8 - Posted by:
Trigger2, 2/2/2013 4:37:45 AM (No. 9153610)
Are these the same economists who are Keyeasian economists? We all saw how that wasteful goobermint worked out.
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Below, you will find ...
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Most Recent Articles posted by "PageTurner"
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Cables reveal Vatican denied human rights abuse in Pinochet’s Chile
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Santiago Times [Santiago, Chile], by Charlotte Karrlsson-Willis
Original Article
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Posted By: PageTurner- 4/9/2013 6:26:32 PM
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Documents released by Wikileaks show Catholic Church dismissed criticism of Chile’s military dictatorship as ‘communist propaganda.´ The Catholic Church originally labeled accusations of human rights abuses by the military junta in Chile as “leftist lies,” only revising their stance later as widespread governmental violence became undeniable. Among the hundreds of documents from the U.S. State Department released by Wikileaks on Monday was a cable sent to then-Secretary of State Henry Kissinger from his counterpart at the Vatican, Archbishop Giovanni Benelli.
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A ticking economic bomb waits for whoever wins next Sunday in Venezuela
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MercoPress [Montevideo, Uruguay], by Staff
Original Article
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Posted By: PageTurner- 4/9/2013 6:11:48 PM
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Whoever wins next Sunday’s presidential election in Venezuela faces an economic time bomb with food shortages, insufficient US dollars to pay for imports and honour the country’s debt, a devastated economy full of inefficient nationalized companies and non productive farms plus mounting promises of further handouts from the government and inflation. “In a way, Chávez left at the zenith of his success” says Orlando Ochoa, an economist at the Andrés Bello Catholic University in Caracas. “And his legacy for his successor is an economic bomb”. In an effort to stem the problems the government created a new foreign-exchange agency
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Maduro announces minimum wage increase by 38-45%
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El Universal [Caracas, Venezuela], by Staff
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Posted By: PageTurner- 4/9/2013 6:05:32 PM
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During a rally held on Tuesday with workers, Venezuela´s acting President Nicolás Maduro announced a rise in the minimum salary of 38-45% that would be implemented in three stages. The first 20% would be implemented in May, from USD 325.55 to USD 390.66. The next increase (10%) would be adopted in September, bringing salaries up to USD 429.73. A final adjustment would be enforced in November by 5-10%, based on inflation. The president in charge also announced the creation of "workers´ groceries," aimed at bringing state-run food network Mercal to state-run companies so that workers can directly buy foodstuffs at their workplace.
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Margaret Thatcher and Queen Elizabeth’s Complicated Relationship
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Daily Beast, by Andrew Marr
Original Article
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Posted By: PageTurner- 4/9/2013 2:09:49 PM
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A wide variety of experienced politicians, civil servants and courtiers who observed at first hand the Queen’s relationship with Margaret Thatcher agree: it was (long pause, pained expression) “difficult.” Here were two women of similar age but very dissimilar backgrounds; previously strangers, they were conjoined during the most tumultuous and confrontational years of postwar politics. Among the most radical of the Thatcherite thinkers were some whose contempt for the old, flabby institutions of a weary, oversocialized country reached even to the monarchy. They (naively) tended to see the United States as a model in politics and economics,
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The lady who changed the world
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Economist, by Editorial
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Posted By: PageTurner- 4/9/2013 12:20:18 AM
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ONLY a handful of peace-time politicians can claim to have changed the world. Margaret Thatcher, who died this morning, was one. She transformed not just her own Conservative Party, but the whole of British politics. Her enthusiasm for privatisation launched a global revolution and her willingness to stand up to tyranny helped to bring an end to the Soviet Union. Winston Churchill won a war, but he never created an “ism”. The essence of Thatcherism was to oppose the status quo and bet on freedom—odd, since as a prim control freak, she was in some ways the embodiment of conservatism.
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Margaret Thatcher, staunch Pinochet supporter and friend, dies
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Santiago Times [Santiago, Chile], by Alicia Siekierska
Original Article
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Posted By: PageTurner- 4/8/2013 11:06:27 PM
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Margaret Thatcher, the “Iron Lady” of Britain who adamantly defended and praised her friend, former Chilean dictator Augusto Pinochet for “bringing democracy to Chile,” died following a stroke on Monday. She was 87. Thatcher was arguably the most influential British politician in recent history. The first woman to lead a major Western power, Thatcher held office for 11 years, making her the country´s longest-serving prime minister of the 20th century. A large part of Thatcher’s legacy was her role in the Falklands War,
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Pope hails Thatcher’s ‘promotion of freedom’
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Agence France-Presse, by Staff
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Posted By: PageTurner- 4/8/2013 7:44:26 PM
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VATICAN CITY—Pope Francis on Monday hailed Britain’s former prime minister Margaret Thatcher for her “promotion of freedom” and said he was “saddened” by her passing. The Argentine pope “recalls with appreciation the Christian values which underpinned her commitment to public service and to the promotion of freedom among the family of nations,” a condolence note read.
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Mom who left newborn to freeze gets 50-year sentence
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Associated Press, by Staff
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Posted By: PageTurner- 4/6/2013 12:27:41 AM
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ROCKFORD, Ill. — A northern Illinois woman who admitted leaving a newborn daughter to freeze to death along a rural roadway in 2004 was sentenced Friday to 50 years in prison. Katie Stockton, 32, faced up to 60 years in prison for the death of the infant, who became known as Baby Crystal around the Rock River Valley after her frozen remains were found. Winnebago County prosecutors dropped 11 remaining murder charges in exchange for her guilty plea in February to a single count of first-degree murder. Before handing down the sentence, Winnebago County Judge John Truitt allowed testimony about skeletal
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Bob Woodward Recalls ‘Unpleasant,’ ‘Taxing’ Dining Experience With Al Gore
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Mediaite, by Andrew Kirell
Original Article
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Posted By: PageTurner- 4/5/2013 1:46:38 PM
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Speaking in Ohio this week, the Youngstown Vindicator reports, veteran investigative journalist Bob Woodward recalled an “unflattering” story about a dining experience with former Vice President Al Gore. According to the local paper, Woodward “told an unflattering, but amusing story about sitting next to former Vice President Al Gore at a dinner, saying being with him was taxing.” “To be really honest, it’s unpleasant,” the journalist added of his experience with Gore. Woodward also said that the former VP “pressed him on why the journalist didn’t go after Bush, who beat Gore in the 2000 presidential election, over the war in Iraq.”
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The Daily Beast’s Disgraceful Interview With Bill Ayers
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Front Page Magazine, by David Horowitz
Original Article
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Posted By: PageTurner- 4/4/2013 2:37:40 PM
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Below is an email that David Horowitz sent to the editor of The Daily Beast in response to their recent interview with Bill Ayers. When you interview a shallow, murderous liar like Billy Ayers, you should assign someone who is at least familiar with the basic facts. The Weather Underground was created in 1969, not after the Townhouse explosion which took place in 1970. The Underground was created with a formal “Declaration of War” against “Amerikka.” By their own account at the time (not in retrospect of course) Ayers and his friends were intending to start a race war
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Venezuela´s Maduro: Opposition are ´heirs of Hitler´
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Reuters, by Staff
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Posted By: PageTurner- 4/4/2013 6:53:41 AM
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CARACAS - Venezuelan opposition leader Henrique Capriles expressed outrage on Monday at the description of his supporters as "heirs of Hitler" by election rival and acting President Nicolas Maduro. The buildup to the South American OPEC nation´s April 14 vote has been characterized by highly personalized attacks between both candidates hoping to replace the late Hugo Chavez. At the weekend, Maduro compared opposition complaints about Cuban doctors working in Venezuela with the persecution of Jews in Nazi Germany. "The heirs of Hitler are leading a campaign in Venezuela against the Cuban people," he said.
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Crews try to corral cruise ship that tore loose
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Associated Press, by Melissa Nelson-Gabriel
Original Article
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Posted By: PageTurner- 4/3/2013 8:12:18 PM
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MOBILE, Ala. — The crippled cruise ship whose sewage-filled breakdown in the Gulf of Mexico subjected thousands to horrendous conditions tore loose Wednesday from the dock where it´s being repaired, lumbered downriver and crunched into a cargo ship. Wind gusts near hurricane strength shoved the 900-foot Carnival Triumph free from its mooring in downtown Mobile, Ala., where the ship was brought in a five-day ordeal that began when an engine fire stranded it off of Mexico in February. Hours later, four tug boats were using several mooring lines to secure the ship to a nearby pier.
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Most Active Articles (last 48 hours)
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Former British prime minister Baroness Thatcher dies peacefully at the age of 87 after suffering a massive stroke
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Daily Mail [UK], by James Nye
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Posted By: Attercliffe- 4/8/2013 8:55:39 AM
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Margaret Thatcher, the first female British Prime Minister who gained worldwide renown as the Iron Lady has died aged 87. Developing a formidable partnership with President Ronald Reagan during the 1980s, Mrs. Thatcher stood up to the ´Evil Empire´ of the Soviet Union, eventually witnessing its collapse. [Snip] Responding to her death, Buckingham Palace said, ´The Queen is sad to hear the news of the death of Baroness Thatcher and Her Majesty will be sending a private message of sympathy to the family, Buckingham Palace said today.´ British Prime Minster David Cameron said on hearing of her passing, ´It was
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The most shocking news you won´t see in the MSM today
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American Thinker, by Thomas Lifson
Original Article
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Posted By: magnante- 4/9/2013 11:49:09 AM
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The murder trial of abortionist Kermit Gosnell largely is being ignored by the mainstream media, even in the face of grisly testimony, such as what we heard yesterday. Life News reports: ...a former employee described how she heard a baby scream during a live-birth abortion. Abortion clinic employee Sherry West described an incident which "really freaked (her) out" and related to the jury how she heard a child who was born alive following an abortion scream.
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Obama says he´s ´determined as ever´ for gun bill
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Associated Press, by Nedra Pickler
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Posted By: Desert Fox- 4/8/2013 10:27:49 PM
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HARTFORD, Conn. -- With time running out on the chance to pass gun control legislation, President Barack Obama on Monday warned Congress not to use delaying tactics against tighter regulations and told families of the Sandy Hook Elementary School shooting victims that he´s "determined as ever" to honor their children with tougher laws. Obama´s gun control proposals have run into resistance on Capitol Hill, leaving their fate in doubt. Efforts by Senate Democrats to reach compromise with Republicans over expanding required federal background checks have yet to yield an agreement, and conservatives were promising to try
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White House: Planned GOP gun filibuster cowardly
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Washington Times, by Dave Boyer
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Posted By: Dreadnought- 4/8/2013 11:08:31 PM
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Beginning a week of high pressure on gun control, the White House on Monday accused some Republican senators of cowardice for planning to filibuster gun legislation without allowing the full Senate to vote on President Obama’s initiatives. “If they oppose this legislation, have the courage to say so on the floor and vote no,” said White House press secretary Jay Carney. “Don’t block it. Don’t hide behind a procedural action to prevent a vote. That’s the wrong thing to do, and that’s how the president clearly feels.”
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´Mickey Mouse Club´ star Annette Funicello dies at 70
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Los Angeles Times, by Dennis McLellan
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Posted By: JoniTx- 4/8/2013 1:18:00 PM
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Annette Funicello, the dark-haired darling of TV´s “The Mickey Mouse Club” in the 1950s who further cemented her status as a pop-culture icon in the ´60s by teaming with Frankie Avalon in a popular series of “beach” movies, died Monday. She was 70. Funicello, who was diagnosed with multiple sclerosis in 1987 and became a spokeswoman for treatment of the chronic, often-debilitating disease of the central nervous system, died at Mercy Southwest Hospital in Bakersfield, Walt Disney Co. spokesman Howard Green said. Funicello and her husband, Glen Holt, had moved from
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Chelsea Clinton doesn´t close door to public office
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USA Today, by Catalina Camia
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Posted By: jackson- 4/8/2013 10:23:20 AM
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Chelsea Clinton has raised her profile in the last few days, which sparked the inevitable question about the former first daughter´s future: Will she ever be like Mom and Dad and run for office? Clinton, 33, essentially said "maybe" in an interview that aired Monday on NBC´s Today show. "Right now I´m grateful to live in a city, a state and a country where I strongly support my mayor, my governor, my president and my senators and my representative," said Clinton, whose father, Bill, was president from 1993-2001 and her mother, Hillary
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Obama flying 11 relatives of Sandy Hook victims to D.C. on Air Force One so they can back gun control in person
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Associated Press, by Staff
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Posted By: BuckeyeRon- 4/8/2013 4:05:18 PM
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President Barack Obama is bringing 11 relatives of those killed in the shooting at Connecticut´s Sandy Hook Elementary School to Washington on Air Force One on Monday so they can personally encourage senators to back gun legislation that faces tough opposition. A nonprofit organization that works with the families, Sandy Hook Promise, said that after Obama´s speech on gun control in Hartford, he is flying with relatives of seven children and one staffer killed during December´s massacre at the school. The White House says Obama is going to argue that lawmakers have an
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Updated: White House, McCain blast Cruz for threatening filibuster over guns
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Houston Chronicle, by Joanna Raines
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Posted By: JoniTx- 4/8/2013 4:55:05 PM
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There was growing buzz over the weekend that a bipartisan agreement on gun control — a deal that would expand background checks — could hit the floor as early as this week. However, any deal could be derailed by the looming threat of a Republican filibuster involving Texas Sen. Ted Cruz. With Cruz standing proudly in the way of any gun legislation, Democrats are trying to make him pay a political price — and even a couple of high-profile Republicans are questioning his tactics.
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Gay Connecticut couple accused of raping adopted children will face trial
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New York Daily News, by Erik Ortiz
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Posted By: Drive- 4/8/2013 8:52:23 AM
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The case of a same-sex Connecticut couple accused of repeatedly raping and abusing two of their nine adopted boys is headed for trial. Married couple George Harasz and Douglas Wirth of Glastonbury were supposed to be sentenced Friday in Hartford Superior Court under a plea deal, but instead withdrew from their agreement with prosecutors. The men had already pleaded no contest in January to one felony count each of risk of injury to a minor — a reduction from even more serious charges related to sexual assault....
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Why Is White House Stonewalling on Benghazi
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Investor´s Business Daily, by Rep, Dana Rohrbacher
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Posted By: Desert Fox- 4/8/2013 7:13:10 PM
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More than six months since Ambassador Christopher Stevens was assassinated by terrorists in Benghazi, the Obama administration is still trying to keep a lid on information about the attack. Congress and the American people need to know what happened the night of Sept. 11, 2012. Who did the killing and what was their motive? Why wasn´t help sent? And why did the administration lie about who was responsible? Members of Congress have asked hundreds of questions at hearings conducted by several investigative committees, but many of the most significant have been left unanswered. Information detailing what happened before, during and Headline corrected.
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Joe Scarborough: Republicans that filibuster gun control ´put rapists´ rights over parents´ rights´
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Daily Caller, by Jeff Poor
Original Article
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Posted By: sparky86- 4/8/2013 11:05:50 AM
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On Monday’s broadcast of MSNBC “Morning Joe,” host Joe Scarborough voiced his agreement with Arizona Republican Sen. John McCain, who on Sunday’s “Face the Nation” on CBS questioned those Republicans who are threatening a filibuster on pending gun control legislation. Scarborough said such a filibuster would be an example of the GOP putting “rapists’ rights ahead over parents’ rights.” “[I] tell you what, Richard Haass, I saw John McCain there,” Scarborough said. “And I’m hopeful. Because, you know, there are a lot of guys out there in the Senate and they are going out because it’s a free shot.
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The World-Changing Margaret Thatcher
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Wall Street Journal, by Paul Johnson
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Posted By: Desert Fox- 4/8/2013 8:21:53 PM
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Margaret Thatcher had more impact on the world than any woman ruler since Catherine the Great of Russia. Not only did she turn around—decisively—the British economy in the 1980s, she also saw her methods copied in more than 50 countries. "Thatcherism" was the most popular and successful way of running a country in the last quarter of the 20th century and into the 21st. Her origins were humble. Born Oct. 13, 1925, she was the daughter of a grocer in the Lincolnshire town of Grantham. Alfred Roberts was no ordinary shopkeeper.
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