Peace and Free Trade
Don Boudreaux
"If soldiers are not to cross international borders, goods must do so" - so wisely said a now-forgotten aide to F.D.R.'s Secretary of State Cordell Hull. And Ed Glaeser makes this important case in yesterday's Boston Globe. Here's his closing paragraph:
Other countries provide us with clothes, cars, markets for exports, and lending for the government and banks. Shutting our markets will make life more expensive for us and hurt the rest of the world. In the 1930s, legislators embraced high tariffs, but putting America first led to a devastating world war. Today, US lawmakers need to choose hope over fear, and stick with free trade.
Sunday, March 8, 2009
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