Saturday, March 8, 2008

Breakfast at Cafe Hayek

I spent the past week in Berlin, Colebrook, Franklin, and Plymouth, among other stops. Those aren't the most popular places to make the case for free trade these days, but the case needs to be made. Protectionism is the path to poverty, and we should do what ever we can to reduce trade barriers here and abroad.

Don't let the protectionists get you down. Refresh yourself at Cafe Hayek.

And a falling dollar generally reflects worsening U.S. domestic policies, such as inflationary money-supply growth, the likelihood of higher taxes or more command-and-control regulations, and, indeed, an increased probability of U.S. protectionism - protectionism that, by stifling entrepreneurial dynamism, makes America a less attractive place for foreigners to do business.