The Very Idea of Economic Policy Is Itself Dangerous

Sep 2019
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408
Texas
The Very Idea of Economic Policy Is Itself Dangerous

In the current argument about trade, Donald Trump’s protectionism and the trade war he has started with China have led to a strong reassertion of the free trade position. Most of this has taken the form of arguments that the United States should follow a free trade policy.
Closer examination of these positions should leave one feeling very uneasy. The implication is that free trade is a policy of the government. In other words, the assumption is that free trade only exists or comes about as the result of an active government policy. Very often the explicit thesis is that free trade is something created by and dependent upon complex and elaborate intergovernmental trade agreements, such as NAFTA or the proposed Transatlantic Trade and Investment Partnership (TTIP) and Trans-Pacific Partnership (TPP).
If you actually think about it, this is a bizarre position. Free trade simply means the absence of government action, leaving people free to exchange goods and services across national borders. To have free trade, governments do not have to do anything; they simply have to stop doing things, such as imposing duties and tariffs or imposing regulatory barriers. This shows we should become aware of the misleading language used in much public discussion and commentary, particularly in the business and financial press and in academic journals.
 
Sep 2019
1,048
408
Texas
Before you decide to jump on the band wagon of ant-liberty

AIER

American Institute for Economic Research - Wikipedia

The American Institute for Economic Research,[3] also known as AIER, is an independent 501(c)(3) economic research institute located in Great Barrington, Massachusetts. It was founded in 1933 by the 20th century economist Edward C. Harwood with the intention of protecting individual rights.[4]
The mission of AIER is to conduct independent, scientific, economic research to educate individuals, thereby advancing their personal interests and those of their nation. AIER is one of the few economic research groups that is devoted to purely objective financial research, and it does not receive grants, large corporate donations, or gifts from any other outside resources.[5]

Mission and History

Mission & History

Integrity, Research, and Principle in the Study of Markets Since 1933
The American Institute for Economic Research was the first independent voice for economic research in the United States. Today it publishes ongoing editorials and research, hosts educational programs, sponsors interns and scholars, and is home to the world-renowned Bastiat Society and the Sound Money Project. The American Institute for Economic Research is a 501c3 public charity.
 
Sep 2014
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On the outside, trickling down on the Insiders
The Very Idea of Economic Policy Is Itself Dangerous

In the current argument about trade, Donald Trump’s protectionism and the trade war he has started with China have led to a strong reassertion of the free trade position. Most of this has taken the form of arguments that the United States should follow a free trade policy.
Closer examination of these positions should leave one feeling very uneasy. The implication is that free trade is a policy of the government. In other words, the assumption is that free trade only exists or comes about as the result of an active government policy. Very often the explicit thesis is that free trade is something created by and dependent upon complex and elaborate intergovernmental trade agreements, such as NAFTA or the proposed Transatlantic Trade and Investment Partnership (TTIP) and Trans-Pacific Partnership (TPP).
If you actually think about it, this is a bizarre position. Free trade simply means the absence of government action, leaving people free to exchange goods and services across national borders. To have free trade, governments do not have to do anything; they simply have to stop doing things, such as imposing duties and tariffs or imposing regulatory barriers. This shows we should become aware of the misleading language used in much public discussion and commentary, particularly in the business and financial press and in academic journals.
The Free Market Is a Fleece Market; King Apes Can Only Get Rich Through Swatting Their Paws


If a government doesn't protect the interests of its citizens, predatory private interests will dominate. Free Trade is a passive position, as pre-intelligent as letting Nature take its course. It represents anarchy, overwhelming powerless individuals. A Free Market means that concentrations of wealth that control all markets are free to do whatever they want; primarily today they want high profit-margins from cheap-labor foreign factories. The absurd concept of a Free Market, if applied to traffic, illustrates this self-serving tyranny. The cars with the thickest bodies would drive everybody else off the road. These tanks would flatten everybody without even having to fire a shot.
 
Sep 2019
1,048
408
Texas
The Free Market Is a Fleece Market; King Apes Can Only Get Rich Through Swatting Their Paws


If a government doesn't protect the interests of its citizens, predatory private interests will dominate. Free Trade is a passive position, as pre-intelligent as letting Nature take its course. It represents anarchy, overwhelming powerless individuals. A Free Market means that concentrations of wealth that control all markets are free to do whatever they want; primarily today they want high profit-margins from cheap-labor foreign factories. The absurd concept of a Free Market, if applied to traffic, illustrates this self-serving tyranny. The cars with the thickest bodies would drive everybody else off the road. These tanks would flatten everybody without even having to fire a shot.
:lol: