From: T Sent: Wednesday, December 13, 2017 9:11 PM To: wblock@loyno.edu Subject: Defending Buchanan Re: How Can Buchanan Be So Bad? (https://www.lewrockwell.com/lrc-blog/like-little-girl-curl-can-pat-buchanan-good-foreign-policy-yet-bad-free-trade/) Hello Dr. Block, Doesn’t Ricardo’s theory of Comparative Advantage stipulate that capital must be fixed? If capital can move out of the U.S., for instance, and into a country with cheaper labor– slave labor, let’s say– how would free trade benefit Americans? All things considered, if the capital in high wage, liberal democracies moved into low wage, totalitarian countries, would humanity benefit? Respectfully, T Dear T: Free trade always and ever, necessarily, apodictically, praxeologically benefits all those who … Continue reading Free Trade, Capital Movements, Economic Welfare