To: expat_panama; arrogantsob; apoliticalone; hedgetrimmer
... This is good, we all agree that tariffs are bad and cross-border trade is good because like Smith suggested we want to leave questions of industry support and security to the individual, not the government. Elsewhere in "The Wealth of Nations" (pp. 264-265 in my copy) Smith said: ...
First of all we didn't all come to any agreement! You know what is said about assuming.
Because Smith did not exclude foreign trade, does not indicate that Smith favored wide open borders and 'free trade' as it exists today. Smith favored '
domestic industry and
preferring the support of domestic to that of foreign industry,.
Like your bud arrogantsob, you are conflating the 'ideal' of free trade which ignores human nature and free trade as it is practiced today.
In stead of writing about fantasy land, why don't you address the fact that free trade as practiced today is the reason 'Profits Are Booming and Jobs Aren't". It has resulted in:
![](http://www.shadowstats.com/imgs/sgs-emp.gif?hl=ad&t=1307108139)
![](http://www.shadowstats.com/imgs/sgs-cpi.gif?hl=ad&t=)
![](http://www.shadowstats.com/imgs/sgs-gdp.gif?hl=ad&t=)
356 posted on
06/08/2011 10:42:30 AM PDT by
algernonpj
(He who pays the piper . . .)
To: algernonpj
No one is hiring because they are facing huge health care costs and dealing with a president who is anti-business.
Free trade is clearly not the issue, a Marxist president is.
In any case profits and job increases do not move in tandem.
Thanks for posting the graphs they in no way prove anything you or the other howlers have claimed but are always interesting.
To: algernonpj
Because Smith did not exclude foreign trade, does not indicate that Smith favored wide open borders and 'free trade' as it exists today. Smith favored 'domestic industry and preferring the support of domestic to that of foreign industry...lol --Al, there're places where Smith's flat out pro-tariff for heaven sake, I've been waiting for you to post those ones!
Seriously, Smith had to be balanced because he was a 'real-life' person and not a political hack. He understood just like we do that sometimes tariffs are needed and sometimes they aren't. We also both know only a complete moron would think that there really are wide-open-border-traitors around on these threads.
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