An Open Letter to Lou Dobbs

by Don Boudreaux on January 3, 2007

in Trade

Here — in the January 4, 2007, edition of the Christian Science Monitor  — I have an open letter to Lou Dobbs.

My concluding paragraph is below.  (The "Smith" I speak of is Adam Smith, although my colleague Vernon Smith is of the same mind.)

Smith correctly understood that with free trade, the economy becomes
larger than any one nation – a fact that brings more human creativity,
more savings, more capital, more specialization, more opportunity, more
competition, and a higher standard of living to all those who can
freely trade.


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