Uploaded August 2026 | Updated September 2026, 2 weeks ago
What would it look like if a country decided free trade was simply the right policy, independent of what any other nation chose to do?
Milton Friedman answers that question directly: unilaterally phase out tariffs and export subsidies over a set number of years, on a fixed schedule, without waiting for reciprocity from anyone else. It's a case for acting on principle rather than reacting to others.
What would it look like if a country decided free trade was simply the right policy, independent of what any other nation chose to do?
Milton Friedman answers that question directly: unilaterally phase out tariffs and export subsidies over a set number of years, on a fixed schedule, without waiting for reciprocity from anyone else. It's a case for acting on principle rather than reacting to others.
