Buchanan has quite a talent for fitting numerous errors into a single column. His latest mercantilist screed shows just how little Buchanan understands about both economics and the basic political tenets of classical liberalism. Let’s just go through his article and point out some of the more awful statements, shall we? My comments in brackets: “Great nations do not have trade partners.” [No, Pat, “great” nations may not, but free nations do. People who care about liberty care about freedom, not greatness. Great men are rarely good men, just as great nations are rarely free nations. The Spanish Empire was … Continue reading Buchanan’s many, many errors