To: justshutupandtakeit
"Horse and buggy manufacturers were very upset by the automobile. Laws were passed to require a flagman to walk in front of the cars so as to not upset the horses. Your trade prescriptions are similiar."
Geez, alright with the horse and buggy! Can't you do better than that? That analogy damages your credibility. Not to say you aren't credible, but it makes it seem as if you are regurgitating the party line.
You don't know my prescriptions for trade, you assume. You are probably right, but it's not good to assume.
474 posted on
07/05/2005 1:50:28 PM PDT by
brownsfan
(Post No Bills)
To: brownsfan
Did you not reference "fair" trade as a prescription? If yes then I have a pretty good idea about your prescriptions. If not then I would be happy to hear them though doubt there would be anything which could stand up to economic analysis as being a valid solution.
Simple analogies are best an the horse and buggy analogy clearly illustrates the absurdity of trying to protect obsolete industries.
What "party" would I be regurgitating? Free trade's benefits have been known since the time before parties at least in America. You can side with Buchanan if you like but I'll take Smith, Ricardo, Mill, Marshall, Friedman and the other thousands of economists who have closely studied this issue.
Today we have an unemployment rate of about 5.5% That is about as low as it can go. So free trade is NOT hurting us as a whole.
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