Free Trade: It’s Why America Is So Rich

With the election of Donald J. Trump to the White House and his promises to build a wall along the U.S.’s southern border with Mexico, and his promises to keep jobs in “America” with the bribing of Carrier Heating & Air, the Internet has been riddled with pieces citing the preeminence of free trade over job protection and government protectionism.  People may not like the social and demographic changes that arise from free and global trade but one thing for sure it is free trade that is responsible for the U.S.’s standard of living aside from limiting our choices as well as the violent and cruel and ghoulish ethics of having government tell us from whom and what we can buy.  Not yet sold?  Then check out a few studied and noted economists, like Don Boudreaux, Bob Wenzel, Tom Woods, Lew Rockwell, Gary North, and Johan Norsberg then.  Free trade sustains our standard of living.  The U.S. earned its preeminent position as a global economic winner because of free trade.

The free market is far more effective than having government running the economy. Think Cuba, Venezuela, the former Soviet Union, and others.  Private enterprise, division of labor, and free trade have made us rich.  It’s why people want into the U.S.  Other countries have since been trying to emulate our economic system since the 1820’s.

Burton Folsom explains why we’re so rich.

via Robert Wenzel at The Economic Policy Journal

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