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Politicians Should Listen to
Economists on Free Trade

Heritage, by Bryan Riley

Original Article

Posted By:PageTurner, 2/1/2013 2:40:08 PM

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;

Comments:
The one and only thing they all agree on. Even stinking Krugman.

      


Post Reply  

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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