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  • The Wreck of the Free Trade Model Engenders Myths and Falsehoods

    07/13/2005 10:24:41 AM PDT · by Willie Green · 619 replies · 4,822+ views
    AmericanEconomicAlert.org ^ | Monday, July 11, 2005 | William R. Hawkins
    For education and discussion only. Not for commercial use. As data gathered in the real world of international rivalry continues to show an expanding U.S. trade deficit that will likely hit $700 billion this year (up from $617 billion last year), a great wailing is heard from the Defenders of Free Trade. Their libertarian economic faith is immune to facts, either from present observation or historical experience. That's what makes it a secular religion. Nothing better reveals its reliance on superstition and ignorance than how readily its adherents resort to falsehoods to defend its dogma. Consider two recent columns that...