Everyone I know is in favor of trade. I am 100 percent in favor of trade. The issue is not "trade." The issue is good trade policy, which raises my standard of living, or bad trade policy, which lowers it.
Similarly, I am in favor of capitalism. Even so, we can have real, significant, meaningful, legitimate debates about good rules for capitalism and bad rules for capitalism.
I am in favor of banks. We deserve serious policy debates about ... Full Story »