Federal authorities typically concern themselves with making sure the lobster catch is sustainable and that domestic processing plants are sanitary...
Federal authorities typically concern themselves with making sure the lobster catch is sustainable and that domestic processing plants are sanitary — not with whether the creatures are priced properly. In every industry, including lumber and lobster, economic challenges are as numerous as lobster legs. Sorting them out is beyond any man or woman, and, certainly, beyond a trade diplomat in Washington. When governments turn into overly meddlesome enforcers of trade law, rather than promoters of trade freedom, they are no longer helping growth; they are laying anti-growth traps. The full text posted on Bloomberg.com here.
This post was written by Amity Shlaes, Director of the 4% Growth Project at the George W. Bush Institute. Find her on Twitter @AmityShlaes.
