Many people today call for "fair" trade rather than free trade. But that ignores the fact that all free trade is fair because people only agree to trade if they believe they will benefit from it.
Small Towns, Big Tax Increases
The city of Whitesboro ignited a firestorm recently when officials suggested adopting a tax rate that would have skyrocketed the average homeowner’s property tax bill by 61 percent. The initial public hearing to discuss the matter drew hordes of angry Whitesboro residents who voiced their discontent. So much so, in fact, that city councilmembers tabled...