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Article: Restraining Leviathan: if free trade is federalism's heir, protectionism is the best way to ensure a future for Big Government.
- Article from:
- National Review
- Article date:
- March 11, 1996
- Author:
CopyrightCOPYRIGHT 1996 National Review, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TODAY trade among nations in goods, services, and financial instruments is conducted more freely, openly, and abundantly than at any time in human history. An economic boom of unprecedented scope is also sweeping the globe. These two trends are directly related and in deeper ways than conventionally thought. The usual explanation linking free trade to prosperity is that free trade creates wealth by allowing each nation to specialize in what it produces most efficiently. The economic argument for free trade -- the theory of comparative advantage -- is certainly a part of the explanation of global economic growth, but it is radically incomplete.
The more fundamental ...
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