Marx on free trade

[Brad De Long]

> > the
> > constitution doesn't know about executive agreements, and treaties
> > have a 2/3 majority requirement for a reason...
> > The post-WWII slide from treaties to "executive agreements" has
> > always seemed to me to be one of the common-law constitutional
> > amendments that has the least going for it...
> > Brad DeLong
>
>Washington was first president to use EA, while there has been greater
>willingness to use them in last fifty years

Yep.


> (about 95% of all US
>international agreements, of which there have been more than 10,000),
>presidents between 1839-1889 signed more agreements than treaties (238-
>215) and those between 1889-1929 signed twice as many of former (763-382)

 From 30% to 55% to 70% to 95% is a big slide--and from "little" to 
"big" issues as well...

Brad

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
"Now 'in the long run' this [way of summarizing the quantity theory 
of money] is probably true.... But this long run is a misleading 
guide to current affairs. **In the long run** we are all dead. 
Economists set themselves too easy, too useless a task if in 
tempestuous seasons they can only tell us that when the storm is long 
past the ocean is flat again."

  
--J.M. Keynes
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
J. Bradford De Long; Professor of Economics, U.C. Berkeley;
Co-Editor, Journal of Economic Perspectives.
Dept. of Economics, U.C. Berkeley, #3880
Berkeley, CA 94720-3880
(510) 643-4027; (925) 283-2709 phones
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<delong at econ.berkeley.edu>