Re: Free Trade vs Protectionism
I'd love to. There was a great video, IOUSAthemovie.com. It talked about 4 deficits one of which was the trade deficit. Another interesting point is how America's deficit should lower the value of the dollar but because the dollar is the world "reserve currency" it's relative value is higher than it otherwise would be and this worsens our trade deficits as the see saw of deficit is value of currency trade. Another more recent debate is "free trade" v "fair trade." More than false claims of global warming, I think free trade is the best thing the industrialized countries can do for the emerging countries.
"No free government, or the blessings of liberty, can be preserved to any people but by a firm adherence to justice, moderation, temperance, frugality, and virtue; and by a frequent recurrence to fundamental principles."
-- Patrick Henry