I've always considered myself a big time free trade guy. Milton Friedman, take dumped steel and turn it into other things at a profit, the whole deal. Hell I've even posted here to that effect. So my initial thought for this new "NAFTA" was "bullshit, we're introducing more restrictions, quotas, and minimum wages into the system."
At the same time, I can't help but feel like politics are going down the crapper and I attribute this (at least partially) to growing income inequality. So last night I set out to do a bit of writing on the topic and now I have no idea what I think.
I don't know. My thoughts on this are evolving. What does the board think? Anyways my original thoughts on this where I managed to confuse myself is below.
Bit of a shameless plug but hopefully somewhat insightful
At the same time, I can't help but feel like politics are going down the crapper and I attribute this (at least partially) to growing income inequality. So last night I set out to do a bit of writing on the topic and now I have no idea what I think.
- I believe free trade leads to the absolute greatest economic output. Have always believed this and been a proponent of it.
- However I believe an economy that is completely skewed is very bad for the political system (think 1917 Russia or French revolution)
- Maybe a bit of protectionism is a better, less offensive way than social safety nets and direct income redistribution?
I don't know. My thoughts on this are evolving. What does the board think? Anyways my original thoughts on this where I managed to confuse myself is below.
Bit of a shameless plug but hopefully somewhat insightful
