What produces losers is protectionism

posted by
March 3, 2011
Cafe Hayek
by Don Boudreaux  
Posted in Commentary

"Ian Fletcher asserts that the economic case for free trade doesn’t apply in the real world because it’s impractical for free-trade’s 'winners' to compensate (as they do in some esoteric economic models) free-trade’s 'losers.' Fletcher slays merely a man of straw: the economic case for free trade does not require 'winners' to compensate 'losers.'” (03/01/11)


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