Thursday, May 10, 2007

Unilateral Free Trade

Don Boudreaux on the benefits of free trade (emphasis mine):

Robert Samuelson suggests that free trade benefits Americans only when foreign governments practice free trade ("China's Trade Time Bomb," May 9).  Not so.  The case for free trade rests on the recognition that prosperity is enhanced by permitting consumers to spend their money as they choose. When foreign firms are subsidized, those subsidies (while they hurt foreign taxpayers and foreign economies) benefit American consumers and the American economy just as surely as when the attractive prices and qualities of foreign products result from foreign-producers' comparative advantage.

Sincerely,
Donald J. Boudreaux

This was written in response to this column by Robert Samuelson.

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