Ronald Reagan's 1987 radio address on free and fair trade warns us of the consequences of excessive tariffs and protectionism, at least in the long term. But we didn't start the fire.
Thanks for sharing that. I am somewhat familiar with the “balanced trade” theory. It may be right, and I am somewhat sympathetic. My point was that this approach is wrought with very bad secondary consequences if not handled with great thought and precision, and we have a lot of history to prove that.
Well done, Kelly
Spot on - and the Reagan quote is so relevant for today.
Always well-researched and informative
If you will indulge me, and you don't already read this Substack poster, I think you may find this interesting. https://treeofwoe.substack.com/p/balanced-trade?r=ogbhe&utm_campaign=post&utm_medium=web&triedRedirect=true
Thanks for sharing that. I am somewhat familiar with the “balanced trade” theory. It may be right, and I am somewhat sympathetic. My point was that this approach is wrought with very bad secondary consequences if not handled with great thought and precision, and we have a lot of history to prove that.