Monday, June 11, 2007

My Ph.D is in Economics

And, unlike the axis of Mallaby and Friedman, I understand that not every treaty with the words "free trade" on the cover has all that much to do with "free trade." Even if one is basically pro-free trade, one can object to such things on the grounds that they don't go far enough (still protecting Big Sugar), or that they include unrelated intellectual property protections.

Like much legislation, such treaties are generally cumbersome complicated agreements which include various bits of favoritism for lots of special interests. That our very serious elites seem to not understand these basic issues makes them very silly people.

Spend awhile reading NAFTA. It's exciting stuff. Or read over tariff schedules until you want to jab your eyes out with an imported pencil. That's some awesome free trade we have.