And Yassar Arafat was a 'Nobel Peace Prize' winner...Is that good enough for you also???
I read your Freidman piece and it's clear that Freidman is a 'globalist' as are many other economists...Here is part of his blather...
A fourth argument, one that was made by Alexander Hamilton and continues to be repeated down to the present, is that free trade would be fine if all other countries practiced free trade but that, so long as they do not, the United States cannot afford to.
Ole Alex had it figured out...But then Alex was trying to build the country, not destroy it...
And then Freidman says this:
This argument has no validity whatsoever, either in principle or in practice.
So according to Freidman, Hamilton was dummer than a pet rock...
Other countries that impose restrictions on international trade do hurt us. But they also hurt themselves. Aside from the three cases just considered, if we impose restrictions in turn, we simply add to the harm to ourselves and also harm them as well. Competition in masochism and sadism is hardly a prescription for sensible international economic policy! Far from leading to a reduction in restrictions by other countries, this kind of retaliatory action simply leads to further restrictions.
Sure, it's ok if other countries use tarriffs but it's not good for the U.S...
Right Milty...I'll just blindly follow your advice and we'll ALL be eating rice and fish eyes 3 times a day...
Seems that Friedman would prefer to address the "perfect world"--in which case, of course, his theory would be correct.
By ignoring the reality--that is, that certain Governments manipulate the system for their own advantage--Friedman simply demolishes his own argument.