Our View Unregulated Trade Ain't What It's Cracked Up to Be

Summary

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Not for nothing is economics known as the "dismal science." That description came out of Victorian England in response to the earlier writings of Thomas Malthus, who made dire predictions about the world's population outgrowing the food supply. But to our minds, the term also applies to the barely decipherable terms tossed around by too many economists.

Whether it's to justify the policies of their favorite presidents, or to warn the world that the ideas of this politician or that might lead us to hell in a handbasket, many eminences of finance and economics lapse into language better suited to the oracles of Delphi -- leaving politicians to issue their own interpretations of the wise ones' mutterings, and leaving most people confused and at the mercy of the politicians.

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Extract

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Our View Unregulated Trade Ain't What It's Cracked Up to Be

Sometimes there's clarity, of sorts: For the past

30 years or so, America has been faced with arguments for deregulating the marketplace -- letting...

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