If free trade is so good, why is protectionism so popular? Part of the answer lies in a simple political principle — interests that are concentrated (those of the producer) are more politically effective than interests that are diffused (those of the consumer). Protection does not create jobs or move goods; rather, it forces us to expend greater effort to get the goods we produce, since they cost more to produce at home than abroad. Hear about the damage protectionism has done and why free markets are so misunderstood.
Recorded in 2004, Dennis McCuistion, former Exec. Dir., Inst. for Excellence in Corporate Governance, UT Dallas, and Charles Murray, the W.H. Brady Scholar at...
The Federal Reserve was originally created to bring stability to our financial and monetary system. However, despite multiple failures, it has widely escaped criticism....
Today's podcast features former United States Court of Appeals, Seventh Circuit, Judge Richard Posner, and former Nobel Prize winner Gary Becker. The two use...
