Free Trade & Mutual Cooperation

Henry George,

Protection or Free Trade

Trade is not invasion. It does  not involve aggression on one  side and resistance on the  other, but mutual consent and  gratification. There cannot be  a trade unless the parties to it  agree, any more than there can  be a quarrel unless the parties  to it differ. England, we say,  forced trade with the outside  world upon China, and the  United States upon Japan.  But, in both cases, what was  done was not to force the  people to trade, but to force  their governments to let them.

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Voices From The 2017 International Students For Liberty Conference

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Keynesian Economics and the Great Depression

Hillsdale College economics professor Gary Wolfram discusses Keynesian economics and the factors that pulled the national economy out of the Great Depression. The story of World War II shows that government spending may produce activity, but not the prosperity of a truly healthy economy.

 

-- Gary Wolfram, Hillsdale College,

Shadow Stats Snapshot


ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    BLS: 4.5%
    Shadow Stats: 22.5%
  • Inflation:
    March Year-to-Year: 2.74% (CPI-U*)
    Shadow Stats: 10.5%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]