Archive for the ‘Trade’ Category

A Letter to Lou Dobbs

Thursday, January 4th, 2007

Donald J. Boudreaux, chairman of George Mason University’s Department of Economics, has an interesting letter to Lou Dobbs.

Via Instapundit

Milton Friedman, 1912-2006

Thursday, November 16th, 2006

Milton Friedman, quite possibly the greatest economist who ever lived, has died. May he rest in peace.

Eskimos Say No to Chavez

Monday, October 9th, 2006

I was very happy to read this:

In Alaska’s native villages, the punishing winter cold is already penetrating the walls of the lightly insulated plywood homes, many of the villagers are desperately poor, and heating-oil prices are among the highest in the nation.

And yet a few of the small communities want to refuse free heating oil from Venezuela, on the patriotic principle that no foreigner has the right to call their president “the devil.”

The heating oil is being offered by the petroleum company controlled by Venezuelan President Hugo Chavez, President Bush’s nemesis. While scores of Alaska’s Eskimo and Indian villages say they have no choice but to accept, others would rather suffer.

“As a citizen of this country, you can have your own opinion of our president and our country. But I don’t want a foreigner coming in here and bashing us,” said Justine Gunderson, administrator for the tribal council in the Aleut village of Nelson Lagoon. “Even though we’re in economically dire straits, it was the right choice to make.”

It’s good to see patriotism being put first, even at great personal sacrifice. These communities deserve our respect and praise, and I think Americans would be more than happy to send donations to help them pay for oil. Anyone know where to send them?

Orwellian in Africa

Thursday, August 31st, 2006

Barack Obama visited Kenya, where he rightfully criticized corruption in the Kenyan government, Zimbabwe President Robert Mugabe, and encouraged AIDS testing. All was going well until a reporter asked Obama about his support for protectionist policies in Washington:

Obama’s response? He talked about the soybean farmers in Illinois, and said, “It’s important to me to be sure I’m looking out for their interests. It’s part of my job.” Absolutely incredible.

For, in July, the European Union and five nations, including the United States and Japan, met in Geneva, Switzerland, to discuss the elimination of farm subsidies and agricultural tariffs. After all, in 2002, the World Bank estimated that African exports would increase by almost $2.5 billion if the U.S., Europe, Japan and Canada eliminated their agricultural tariffs. This is especially true as to peanuts and tobacco. African farmers run up against farmers in wealthy nations whose laws ensure their success at the expense of Third World farmers.

What should Obama have said? “You’re right. America is a rich nation. You are a poor one. Poor nations generally turn into rich ones by starting out with agriculture. So when I get back to Washington, I’m going to tell my colleagues about the devastating real-world effect American protectionism has on poor nations.”

Indeed.