Wednesday, May 21, 2008

U.S. economy is $1 trillion per year richer as a result of trade

From the Wall Street Journal

Careful studies at our Peterson Institute for International Economics show that the U.S. economy is $1 trillion per year richer as a result of the trade liberalization of the past 60 years, and that we would gain another $500 billion per year if the world could move to totally free trade.


This is exactly the reason why I'm still thinking of not supporting Obama. He's a populist that tells people that free and open trade is bad, thus his stand that NAFTA needs to be renegotiated.

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