Showing posts with label books - Making Economic Sense. Show all posts
Showing posts with label books - Making Economic Sense. Show all posts

Apr 20, 2025

Murray Rothbard on how foreign aid subsidizes exports

Another crucial feature of post-World War II establishment trade policy in the name of "free trade" is to push heavy subsidies of exports.  A favorite method of subsidy has been the much beloved system of foreign aid, which, under the cover of "reconstructing Europe," "stopping Communism," or "spreading democracy," is a racket by which the American taxpayers are forced to subsidize American export firms and industries as well as foreign governments who go along with this system.  Nafta represents a continuation of this system by enlisting the U.S. government and American taxpayers in this cause.

~ Murray Rothbard, "The Nafta Myth"

(Article appeared in Making Economic Sense, p. 308.)



Murray Rothard on free trade

The major point is that genuine free trade requires no negotiations, treaties, super-power creations, or presidential jetting abroad. All it requires is for the United States to cut tariffs and quotas, as well as taxes and regulations. Period. And yes, unilaterally. No other nations or governments need get into the act.

~ Murray Rothard, "'Free Trade' in Perspective"

(Article appears in Making Economic Sense on p. 304.)

1995


Oct 27, 2020

Murray Rothbard on protectionism

In the host of special interests using the political process to repress and loot the rest of us, the protectionists are among the most venerable. It is high time that we get them, once and for all, off our backs, and treat them with the righteous indignation they so richly deserve.

~ Murray Rothbard, Making Economic Sense (1995), "Smashing Economic 'Theory' (Again)"