7 Basic Things To Understand About Why Free Trade Works

We understand it would be wrong to let politicians interfere with our freedom to trade with our local grocery store. The same argument applies when looking at international trade.

Why do conservatives oppose the Export-Import Bank? Because the economy grows faster when markets rather than politicians determine where labor and capital go.

Why do conservatives oppose ethanol subsidies? Because the economy grows faster when markets rather than politicians determine where labor and capital go.

Why do conservatives want to abolish the Department of Housing and Urban Development? Because the economy grows faster when markets rather than politicians determine where labor and capital go.

That’s also the answer if the question is about tax reform, the postal monopoly, school choice, health care, bailouts, minimum wages, and myriad other issues. Simply stated, government intervention is a recipe for cronyism, corruption, and inefficiency. It’s no coincidence that market-oriented jurisdictions such as Hong Kong are so much more prosperous than state-driven nations such as Greece.

This appreciation of markets explains why conservatives should be in the forefront of the battle to defend free trade. We understand it would be wrong to let politicians interfere with our freedom to trade with our local grocery store. We also understand it would be a mistake to allow politicians to hinder our liberty to trade with people in neighboring states. The same argument applies when looking at our trade with people in other nations.

Here are seven simple things to understand about trade….

>>> continue reading: 7 Basic Things To Understand About Why Free Trade Works

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: