An Open Letter to Protectionist Lou Dobbs

Adam Smith wrote "Nothing, however, can be more absurd than this whole doctrine of the balance of trade."

With free trade, the economy becomes larger than any one nation - a fact that brings more human creativity, more savings, more capital, more specialization, more opportunity, more competition, and a higher standard of living to all those who can freely trade.

Read more here from George Mason economist Don Boudreaux's column from tomorrow's edition of the Christian Science Monitor, titled "Middle-class woes? An open letter to Lou Dobbs: America's trade deficit is evidence of its economic vigor and promise, not a cause for concern."