Cafe Hayek: Stationary Bandits, Plunder, and Trade Negotiations
mlinksva
· 3 years ago
I strongly agree with your sentiments above, but governments occasionally do liberalize on their own, and according to the World Bank autonomous liberalization accounted for 66% of tariff liberalization from 1983-2003, see http://gondwanaland.com/mlog/2005/06/23/autonom...>
While I wish well for multilateral negotiations I loathe the logic of such for exactly the reasons you state.
Despite the logic of stationary bandits it seems unilateral free trade is in fact more important than pacts and is infinitely more savory.
Swimmy
· 3 years ago
I read a phrase in a review not too long ago that stuck with me: "even the most cynical public choice economist. . ."
I thought it was redundant.
I've developed a tendency to immediately turn my ears off when I hear the phrase "public interest."
Brian Moore
· 3 years ago
/agree
And thank you Mike, for some relatively optmistic news.
Hucbald
· 3 years ago
Perhaps if we didn't allow lawyers to make the laws, there would be a little less plundering.
Tim Worstall
· 3 years ago
Bravo! Bravo!
Massed clapping, cries of "Encore Maestro"!
It is simply so darn difficult to get over the idea to people that it is imports that make us rich so why on earth are we taxing them?
All Comments
I strongly agree with your sentiments above, but governments occasionally do liberalize on their own, and according to the World Bank autonomous liberalization accounted for 66% of tariff liberalization from 1983-2003, see http://gondwanaland.com/mlog/2005/06/23/autonom...>
While I wish well for multilateral negotiations I loathe the logic of such for exactly the reasons you state.
Despite the logic of stationary bandits it seems unilateral free trade is in fact more important than pacts and is infinitely more savory.
I read a phrase in a review not too long ago that stuck with me: "even the most cynical public choice economist. . ."
I thought it was redundant.
I've developed a tendency to immediately turn my ears off when I hear the phrase "public interest."
/agree
And thank you Mike, for some relatively optmistic news.
Perhaps if we didn't allow lawyers to make the laws, there would be a little less plundering.
Bravo! Bravo!
Massed clapping, cries of "Encore Maestro"!
It is simply so darn difficult to get over the idea to people that it is imports that make us rich so why on earth are we taxing them?