Free Trade and the ‘Cheap Goods’ Delusion

By Spencer P. Morrison:

Received wisdom—no matter how venerable—should always be treated with a healthy dose of skepticism. This is especially true when it comes to economics, as money brings out hucksters who sell snake-oil bottled as genuine emollients.

Bluntly: many economists are crooks and liars.

The biggest lie they tell us is that international free trade makes stuff cheaper. It doesn’t. It simply enriches the white-collar gangsters who run our banks—the very people who so often fund “libertarian” think tanks. Go figure.

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