I'm not happy exporting jobs but we must move ahead in technology and patents. I don't like losing any jobs but we'll see new opportunities created selling products there. We'll have a net net increase in economic activity, just as we did with free trade. It's tempting to want to protect our markets and stay closed. But at some point it all comes crashing down and you're hopelessly left behind. Then you are Russia.
Mitt RomneyRelated topics
activity behind comes crashing exporting free happy increase left losing move net point russia see selling stay technology tempting trade jobsRelated quotes
It is not our free will but 'it is the Lord who sets the captive free' (Ps. 145:7). It is not our own virtue but 'it is the Lord who lifts up those who were laid low' (Ps. 145:8). It is not application to reading but 'it is the Lord who gives light to the blind' (Ps. 145:8). It is not our cautiousness but 'it is the Lord who protects the stranger' (Ps. 145:9). It is not our endurance but 'it is the Lord who raises or gives support to the fallen' (Ps. 144:14).
John Cassian
The issue here really is not whether international trade shall be free but whether or not it makes any sense for a country - or, for that matter, a region - to destroy its own capacity to produce its own food. How can a government, entrusted with the safety and health of its people, conscientiously barter away in the name of an economic idea that people's ability to feed itself? And if people lose their ability to feed themselves, how can they be said to be free?
Wendell Berry
House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals, including robust growth in jobs and incomes, low mortgage rates, steady rates of household formation, and factors that limit the expansion of housing supply in some areas.
Ben Bernanke
As South Korea shows, active participation in international trade does not require free trade. Indeed, had South Korea pursued free trade and not promoted infant industries, it would not have become a major trading nation. It would still be exporting raw materials (e.g., tungsten ore, fish, seaweed) or low-technology, low-price products (e.g., textiles, garments, wigs made with human hair) that used to be its main export items in the 1960s.
Ha-Joon Chang
In the first place, I own myself the friend to a very free system of commerce, and hold it as a truth, that commercial shackles are generally unjust, oppressive and impolitic - it is also a truth, that if industry and labor are left to their own course, they will generally be directed to those objects which are the most productive, and this in a more certain and direct manner than the wisdom of the most enlightened legislature could point out.
James Madison
