Free Trade or Protectionism?

“When goods are not allowed to cross borders, soldiers will.” —Frederic Bastiat It’s safe to say that the majority of economists agree in favor of free trade and against protectionism. Many argue against political candidates that threaten to end trade agreements, and employ tariffs on Mexico and China. But it’s also important to be aware of some of the problems with free trade: The first problem with free trade is that people use GDP as a conventional argument. Or when economic value is taken away, or created without a price tag. Free trade can dissolve industries with hidden values. People Continue reading Free Trade or Protectionism?