Sep 26, 2016

Freedom Partners Stands with the National Taxpayers Union on Free Trade

Post by Freedom Partners

Last week, Freedom Partners Chamber of Commerce joined other free market advocacy groups to support free trade by co-signing a letter from the National Taxpayers Union (NTU) to members of Congress.

This election cycle is rife with misconceptions and falsehoods about free trade. This is in spite of the historic consensus that free trade has tremendous societal and economic benefits. The NTU’s letter reads:

“Since the publication of Adam Smith’s Wealth of Nations in 1776, support for free trade among economists of all ideological persuasions has been nearly unanimous…After the failure of the Smoot-Hawley tariffs at the onset of the Great Depression, a bipartisan consensus developed among policymakers in the United States in support of free trade.”

At the end of the day free trade encourages prosperity and increases well-being for everyone, especially the least fortunate.

Congress should remain steadfast to the principles of free trade, which have benefitted so many. The NTU’s letter puts it best:

To some, the false promises of protectionism may be politically alluring; however, as history has demonstrated, increased economic isolation and protectionism would be disastrous for American businesses and consumers.