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Monday, July 7, 2008

How Long Does a Free-Trade Agreement Need to Be? by Tim Swanson FROM Mises.org

Only in a world micromanaged by civil servants can the simplest of principles be spliced and diced into hundreds of pages and dozens of chapters. That is the volume of just one multilateral trade agreement: NAFTA.

Various proponents of Free Trade Agreements (FTAs) posit that some trade is better than no trade.[1] While that is arguably true in terms of marginal units, these politically crafted bilateral and multilateral agreements should really be called Some Trade, More Trade, or Kinda Free agreements, but certainly not Free Trade.

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