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Free Trade

News

Sen. Rand Paul Argues To Stop Communism In Cuba With Capitalism And Free Trade

While President Donald Trump was elected in large part to reverse the policies of his predecessor, Sen. Rand Paul (R-KY) thinks there is one area where former President Obama actually got it right: normalizing foreign relations with Cuba. “For over half a century, we have had an embargo with Cuba,” Paul wrote in a Reason Magazine op/ed published on Tuesday. “Not only did the Castros survive it, but they milked it for everything it was worth. As the only source of information on the island for decades, they stoked the nationalism of those Cubans who remained in Cuba to blame America for any of their shortages, instead of the true culprit: socialism.” Keep Reading

oliver stone
History/Politics

Oliver Stone Educates And Misleads

I recently had the opportunity to watch The Untold History of the United States by Oliver Stone and, as I’m sure was intended, it was a thought-provoking experience. It is for many reasons a masterpiece of documentary filmmaking. The research behind it left no stone unturned and the archival footage included in the ten-part series is awe-inspiring. It is well written and well narrated by Stone. It is thorough and informative and enlightens the viewer to the many unseemly aspects of governance in the greatest nation in the history of mankind. Less thorough and more friendly than Stone’s treatment of the USA is his examination of the Soviet Union which he depicts as a victim, one who heroically struck back with righteous fury against the evil forces of Hitler’s Germany and later against the oppression of western capitalism. Hitler and his Third Reich were indeed evil and crossed every line of decency developed over the centuries to protect the rights of man. The Nazis needed to be destroyed and… Keep Reading

conman
News

President Trump Stands Firm On Trade, Promises NAFTA Overhaul

President Donald Trump has been admonished by his supporters due to a bevy of broken campaign promises, but on the crucial issue of trade, he has not wavered. Trump re-affirmed today that the North American Free Trade Agreement (NAFTA) would be renegotiated under terms more favorable for American workers or trashed completely. “I decided rather than terminating NAFTA, which would be a pretty big, you know, shock to the system, we will renegotiate,” Trump said to reporters in the White House. “Now, if I’m unable to make a fair deal, if I’m unable to make a fair deal for the United States, meaning a fair deal for our workers and our companies, I will terminate NAFTA. But we’re going to give renegotiation a good, strong shot.” Reports circulated earlier in the week that Trump was preparing to sign an executive order to remove the United States from NAFTA immediately, similar to how he terminated American involvement in the Trans-Pacific Partnership (TPP) in January. Trump has walked back those sentiments,… Keep Reading

Economics/Politics

Free Markets At Home The Cure To Outsourcing Abroad

Fixing the outsourcing epidemic requires looking to treat the cause, not the symptom. The case for free trade is simple. Businesses should be able to locate where they want and import what they want. International free market activity is fundamentally parallel to that which occurs within U.S. borders. Thus, when everyone is doing what they are most efficient at, all benefit. For example, Floridians may be efficient at producing produce while Missourians may be most efficient raising livestock. Kansans may be best at growing crops while Pennsylvanians may be best at making steel. The same holds true internationally. The U.S. may be the best at developing technology while Korea may be the best at producing said technology. Canada may be a great exporter of maple syrup while Mexico may be great at producing boats. Keep Reading

Economics/Politics

The Establishment, The Real Deplorables

To those who say that Trump is going to lose this election: conventional wisdom agrees with you, as do the various betting pools out there. Of course, Brexit reminds us that the anti-establishment, populist vote in this election cycle is probably larger than the polls would indicate. Still, is it likely that lightning will strike the same place twice and give us two Brexits in the same year? Again, conventional wisdom would say no, which is why you have history, most current polls, and common sense on your side when you say that the election is lost. My sense is that we shall know on Sunday evening if Trump can come back from his present deficit in the polls. Either Trump acts like a president and manifests a greater command of the issues than he did in the first debate, or he looks like an amateur out of his league. None of this will matter to avid fans like myself who are motivated either by populist anger against elites or,… Keep Reading

Economics/Politics

The Magic Box Of Free Trade

With the presidential campaign of Donald Trump comes much discussion about trade with foreign nations. A common theme is the notion that trade needs to be restricted, or at least heavily taxed, in order to protect domestic production. The line of thinking goes that if foreign companies are able to compete on even footing with American companies, their access to cheaper labor and fewer environmental regulations gives them an unfair advantage. This advantage could harm domestic businesses and cost American jobs. This fact is nearly undeniable. Jobs in manufacturing sectors competing with foreign producers will undoubtedly be displaced by these cheaper alternatives. However, the impulse to restrict and tax imports is misguided. The French economist, Frederic Bastiat, demonstrated the absurdity of domestic protectionism in a satirical piece called The Candlemaker’s Petition. In it, the producers of light-emitting goods lobby the government for special laws restricting their unfair competitor, the sun. Another Bastiat work, That Which is Seen and That Which is Not Seen, presents the idea that the direct… Keep Reading

Culture/Politics/World

Make Britain Great Again

I am pleasantly surprised that the “Leave” side won in the UK today. As a nationalist, I generally support other nations putting their independence above the interest of global governance and multinational corporate/banking elitism. In the short to medium term, the prospect of the UK leaving the EU will cripple the Pound Sterling and, likely, dip the country into recession. Nevertheless, if they had stayed in the EU, then they would have lost their country soon enough to the Islamization imposed upon them by Brussels. I am not just referring to the Syrian refugee crisis. Rather, I am referring to the long term EU policy of importing cheap labor from North Africa and the Middle East – labor that will not assimilate to the West and, if unimpeded, will turn Europe into a majority Islamic region in about fifty years. Chairman Mao had been correct when he said that the capitalist would sell to his executioner the rope used to hang him. I would include in the definition of… Keep Reading

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