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IPFS News Link • Economy - International

Trade and the Rise of Freedom

• arclein

It is not an exaggeration to say that trade is the keystone of modern civilization. For as Murray Rothbard wrote: "The market economy is one vast latticework throughout the world, in which each individual, each region, each country, produces what he or it is best at, most relatively efficient in, and exchanges that product for the goods and services of others. Without the division of labor and the trade based upon that division, the entire world would starve. Coerced restraints on trade -- such as protectionism -- cripple, hobble, and destroy trade, the source of life and prosperity."1