The case for free trade is rooted in a basic economic law: the principle of comparative advantage, which holds that total economic welfare will be enhanced if each nation specializes in the production of items that it can produce, in relative terms, most efficiently.
From our earliest settlers, most Americans have believed that wealth and prosperity were more a function of our spiritual values than our material good fortune—that mental attitudes and qualities (or lack of them) were the precursors of material progress, or the predictors of misfortune.
Americans who pay attention to fashions in ideas began hearing about supply-side economics sometime in the mid-1970s. Within half a dozen years, publicists and politicians had succeeded in making the term a household word, electing a new national administration pledged to its implementation, and then actually making some of its precepts the law of the land.
America with its system of democratic capitalism is engaged throughout the world in a war of ideas, a war which by several measurements we seem to be losing.
We can confound the prophets of doom by opening the vast and rich High Frontier of space for industrialization.
We happen to be present at a point in time when being armed with that truth is the most important single tool in the world.
Capitalism has been indicted on many counts. Some counts allege it to be an inefficient, unstable, or self-destructive system for the production of goods and services.
True consumer protection, it stands to reason, is that which advocates free market solutions, opposing any action by government or business which discourages competition—because competition surely is what provides the consumer with his advantage in the marketplace.
Before Tax Day rolls around again next year, there's reason to hope and to believe that the whole world of finance will be a different and better place.
For all the recorded history of human beings on this earth, various degrees of tyranny have been the natural state of affairs for most people.