To: calcowgirl
Even Milton Friedman called NAFTA managed trade. Here is what Milton Friedman said about NAFTA:
On the contrary, as far as NAFTA is concerned, it really is a minor thing, from the point of view of the United States. After all, the United States is a very much larger economy than Mexico. The main beneficiary for NAFTA will be Mexico and the people in Mexico, not the people in the United States. There's no doubt in my mind that that is the net effect. Mexico is doing very well by reducing the role of government, by introducing free market ideas, cutting tariffs, getting government out of business, privatizing banks and other businesses that government had taken over. NAFTA will be a little extra push for them, which will help them much more. It will help us a little, but a trifle. You know, nothing is good unless both parties benefit from it, and both Mexico and the United States will benefit from it.
NAFTA is misnamed, it's not a Free Trade Agreement, it's a Managed Trade Agreement. I supported NAFTA, as a lesser of evils, but it would be better if we in the United States would simply reduce our tariffs across the board for everybody in the world. As far as Latin America is concerned, it's been showing remarkable changes. Beginning with Chile, going on to Mexico, now Argentina, one country after another in Latin America has unilaterally been lowering its tariffs, opening its markets up. If we are sensible, we certainly will go as rapidly as we can to expand NAFTA to include all of the rest of the Latin American countries. I believe that that is what will happen.
NAFTA is not the discussion though, free trade is. NAFTA is a poor attempt; Friedman didn't like NAFTA because it didn't go far enough in reducing tariffs! Apparently you want to increase tariffs which is exactly the OPPOSITE of what Friedman's desire was.
256 posted on
05/11/2009 1:46:57 PM PDT by
PugetSoundSoldier
(Indignation over the sting of truth is the defense of the indefensible)
To: PugetSoundSoldier; Mojave
Here is what Milton Friedman said about NAFTA: ...The main beneficiary for NAFTA will be Mexico and the people in Mexico, not the people in the United States. ... NAFTA is misnamed, it's not a Free Trade Agreement, it's a Managed Trade Agreement.
It's amazing what a change in emphasis tells ya.
259 posted on
05/11/2009 1:56:51 PM PDT by
calcowgirl
(RECALL Abel Maldonado! - NO on Props 1A 1B 1C 1D 1E 1F)
To: PugetSoundSoldier
We are getting to the point where, if you quote the document that they themselves are using back to them, you get the blank stare. I honestly can't see how much farther this can go . . . .
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