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Raise a Glass!

Posted By Don Boudreaux On July 14, 2008 @ 3:31 pm In Balance of Payments,Trade | Comments Disabled

Anheuser-Busch is being bought by InBev of Belgium [1].  Although there is absolutely no reason to object to this transaction — indeed, the greater the interconnectedness of ‘national’ economies, the better — there nevertheless will be continue Lou Dobbsian moaning, groaning, and ignorant pontificating about it.

John Burger, an economist at Loyola University of Maryland, has a very nice answer [2] to those who think this transaction to be bad for Americans.

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[1] Anheuser-Busch is being bought by InBev of Belgium: http://www.washingtonpost.com/wp-dyn/content/article/2008/07/13/AR2008071301742.html

[2] has a very nice answer: http://www.baltimoresun.com/news/opinion/oped/bal-op.beer13jul13,0,7500034.story

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