Friday, September 21, 2012

The American Consumer Economic Freedom Act (and a white board illustration)

Here's an excerpt from today's newsletter from Congressman Devin Nunes:

"today I introduced the Economic Freedom Alliance Act in the House of Representatives. The bill would advance global free trade through four measures:

*The Transatlantic Commerce and Trade Enhancement Act would authorize the U.S. President to conduct negotiations with the European Union toward a comprehensive free-trade agreement.

*The United States-Brazil Joint Commission on Commerce and Trade Act would establish a commission between the United States and Brazil to work toward dismantling mutual trade barriers, promoting commercial opportunities, and in the long-term, establishing free trade between the two nations.

*The Agriculture Trade Facilitation Act would establish U.S. negotiating objectives for removing improper sanitary and phytosanitary barriers to U.S. agricultural exports.

*The Generalized System of Preferences Improvement Act would reform the Generalized System of Preferences so that certain countries with rapidly developing economies will no longer receive trading preferences from the United States while blocking U.S. imports in their own markets. Instead, they will be encouraged to work with the United States to remove trade barriers on both sides.

Amid the burning American flags and charred U.S. embassies that dot the world landscape today, we should try a new approach. The U.S. is now negotiating a multilateral free-trade agreement with Mexico, Canada, Australia, and seven other nations through the Trans-Pacific Partnership. The Economic Freedom Alliance Act will expand this effort into the creation of a broad free-trade zone that unites us with peaceful, like-minded allies and sets clear conditions for U.S. friendship."

While I indeed applaud Rep. Nunes' efforts, I have a better idea. My bill would be called The American Consumer Economic Freedom Act (ACEFA).And itwould advance global free trade through two measures:

*The United States Unilateral Free Trade and Consumer Freedom Act would require the U.S. President to cease all trade negotiations (for there'd be no cause for negotiation) with presently friendly nations. The U.S. Consumer will remain entirely free to purchase whatever product he and she desires from any and all non-U.S. producers who choose to sell to the U.S. market.Under no circumstances whatsover aremeasures to be taken in retaliation for other nations' protectionist acts.

*The United States TaxpayerProtection Act would call for the immediate closure of the Export-Import Bank of the United States, and end all subsidies to, and special tax incentives for, U.S. exporters.

While ACEFA's sole aim is personal liberty, unintendedsocial benefits willaccrue as well. Such as peaceful international relations (you don't shoot your customer), an increase in U.S. exports (as the U.S. dollars spent on other countries' products find their way home), a net addition to U.S. jobs and an overall healthier U.S. economy (see video).

Click here for white board lesson

1 comment:

  1. Great point about the fact that "you don't shoot your customer." Free trade not only promotes prosperity for all nations involved, it prevents war between those nations.