The End of Free Trade? - WSJ.com

The End of Free Trade? - WSJ.com: "

What's missing from this discussion?

1. The expanded money supply in the US is moving out of the US. It's not helping the US economy because of the insidious fiscal, tax and redistributionist policies of the government.

There have been many good discussions of how the dollars printed in America go outside of America to earn a better return.

2. As for tariffs impacting trade, clearly the US has raised immigration barriers, which, in an information society are far more pernicious.

There is clearly a huge swath of the American public that wants a job but can't get one. The barriers to bringing and creating those jobs in America increase by the day; but, few want to talk about the problem because too many sacred cows will be gored - starting with too much government and too many transfer payments which necessitate taxes driving business offshore.

It is clearly more favorable to a business to outsource as much of their production and even R&D into countries where the pressures of unions, anti-business regulation, high taxes, etc. aren't there.

As in the 1930's, per Art Laffer, high taxes had perhaps the most pernicious impact on economic growth.

What is sad is there is so much that could be done to produce jobs in the US - but, the government can't even bare to consider the options.

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