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Thursday, April 25, 2002

Quote of the Day by HHFi 4/25/02

1 posted on 04/24/2002 11:06:34 PM PDT by JohnHuang2
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To: JohnHuang2
Fair trade BUMP!
2 posted on 04/25/2002 12:09:03 AM PDT by brat
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To: JohnHuang2
Dr. Roberts, whom I admire greatly, has felt the tail of the elephant and said, "Truly the elephant is very like a rope." This is not a criticism of his main point, but rather a wish that he address the whole of the matter, not merely a part.

Yes, we're losing high-tech commerce to other countries, China one among them. Would we be losing it if our marketplace were not so heavily regulated? Especially our labor market? The answer might still be yes, but it is a critical point to consider, and requires us to be honest about what trade barriers and tariffs can and cannot do. (They can't, for example, improve the quality of education an American receives in a government school.) The markets of many of the countries to which we're losing business are effectively unregulated, especially if you can buy the favor of the right persons in power.

Free trade, other things being equal, is a good thing; it really does result in the progressive enrichment of all parties, a rising tide that lifts all boats. Other things being not so equal, one must consider the differentiating factors carefully, not merely observe that our trade balance has shifted unfavorably, therefore it's time to raise the drawbridge and lower the portcullis.

Freedom, Wealth, and Peace,
Francis W. Porretto
Visit The Palace Of Reason: http://palaceofreason.com

3 posted on 04/25/2002 6:57:49 AM PDT by fporretto
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To: JohnHuang2
How long are we to remain the world's only superpower if we can't maintain an R&D and manufacturing base sufficient to maintain a lead in high-tech weaponry? Not pretty.
4 posted on 04/25/2002 9:16:54 AM PDT by FreedomPoster
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To: JohnHuang2
Bump
5 posted on 04/25/2002 8:32:59 PM PDT by browardchad
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