Friday, November 12, 2010

So-Called Free So-Called Trade So-Called Agreement Collapses

Good riddance — Korea-US Negotiations on Free Trade Deal Collapse.

"Mercantilism in disguise" is how Jeffrey Tucker described such arrangments — Free Trade versus Free-trade Agreements. Indeed, Austrian Economics holds that "[f]ree trade requires no treaties," that "[a]ll that is needed is to remove (unilaterally or multilaterally) artificial barriers to trade."

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Omnes Sancti et Sanctæ Coreæ, orate pro nobis.