Japan and other Asia-Pacific countries have expressed reservations over a bold US proposal to create a vast free-trade zone involving 21 Pacific basin economies, an official said Wednesday. (AFP, Wednesday)
Why the rigmarole? Just tear down the barriers.
FEE Timely Classic
Why Managed Trade Is Not Free Trade by Robert Batemarco
Students today are often given a skewed account of the Great Depression of 1929-1941 that condemns free-market capitalism as the cause of, and promotes government intervention as the solution to, the economic hardships of the era. In this essay based on a popular lecture, FEE President Lawrence W. Reed debunks the conventional view and traces the central role that poor government policy played in fostering this legendary catastrophe.
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We are certainly used to the fallacious Keynesian "economics" that pours forth from most of Paul Krugman's New York Times columns. That's bad enough. But dishonesty too? What's the excuse for that? In a recent column called "Fifty Hebert Hoovers," Krugman expressed fear that the nation's governors would follow in ...
With humility and honor I acknowledge this post from Pete Boettke at the always-worth-reading Austrian Economists blog. Thank you, Pete.
I spent much of my recent vacation reading Henry Hazlitt's chapter-by-chapter demolition of Keynes's The General Theory of Employment, Interest, and Money (1936), The Failure of the "New Economics" (1959). I didn't expect to read the book cover to cover, but after only a few pages I had to keep ...
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