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Weekly Insight: Economics of Free Trade

Free trade is a hot button issue in this election cycle. Both Presidential candidates seem to be lukewarm (at best) to new trade deals. Yet free trade is one of the few areas where economists generally agree. The consensus among economists has always been that the benefits of free trade outweigh the costs. The economic argument for free trade was most convincingly made by Adam Smith in his 1776 book, The Wealth of Nations. Smith…

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