Does Fair Trade make sense? I don’t mean fair trade, as in “I’m in favor of free trade as long as it’s fair trade.” If you want my general views on free trade, see this post. I mean Fair Trade, as in the Fair Trade labeled coffee you see in your supermarket. Fair Trade goods … Continue reading Does Fair Trade make sense?
Trade deficits have been in the news because President Trump has talked about international trade quite a bit. He and others think that a trade deficit is a very terrible thing. I mostly disagree. The heart of free-market capitalism is economic freedom. Freedom is usually beneficial for society, and that includes freedom to trade. Free … Continue reading How Bad Are Trade Deficits?