Oct
20

Free Trade Will Help

Earlier this week, the Congress passed free trade agreements with Columbia, Panama and South Korea. Passage may be hailed as a political achievement for promoting principals of free trade and for shoring up allies. Unfortunately, it will not do much to help our economy. This is because these three countries are quite small and Columbia and Peru are quite poor. That being said, it may boost GDP by 0.1%, or $15 billion.

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