A Free Trade Argument

In 1776, Adam Smith described how free trade helped ordinary people. This is almost a bedrock principle of economics. Yet popular opinion continues to view free trade as a threat and some politicians pander to popular ignorance. You can hardly read an economics blog without sensing the frustration that economists feel. But there are glimmers of hope. A very nice article on free trade has shown up in an unexpected place. It’s an argument based on pragmatic facts rather than economic theory, but it might be the kind of argument that makes more sense to ordinary people. It’s certainly an easier sell than trying to get someone to understand comparative advantage.

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