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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In Search Of History

Capitalism: The Engine Of Human Progress

It took six thousand years from the invention of the wheel until we developed the two-wheeled cart. … From the time of Moses to Wyatt Earp we moved from two-wheeled carts to four-wheeled carts — buckboards and stagecoaches. Yet Wyatt Earp, who is an adult when he participates in the gunfight at the OK Corral, sees the movement from four-wheeled carts to the Model T. My grandparents were born before man had ever seen powered flight, yet lived to see a time when you could buy a trip into space. The rapid increase in innovation and the wealth of the masses occurred because the West gradually developed the economic system of market capitalism and a compatible political system.

-- Gary Wolfram,

Shadow Stats Snapshot

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

  • Unemployment:
    BLS: 4.7%
    Shadow Stats: 22.7%
  • Inflation:
    December Year-to-Year: 2.1% (CPI-U*)
    Shadow Stats: 9.8%

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