The NAFTA negotiations have brought uncertainty. Darnell & Joel discuss the fundamentals of trade and the implications of free trade.
Detailed Summary of Original NAFTA
Reference Articles:
CBC advertising advantage - "CBC/Radio-Canada unfairly competes with struggling private media in a shrinking advertisement market"
Wikipedia Explanations of Economic Principles discussed:
Comparative Advantage - David Ricardo
"Economic Nationalism" i.e. Mercantilism
David Hume's argument - "Price–specie Flow Mechanism"
Thorough Explanations of Economic Principles discussed:
David Hume and The Theory of Money
How Government Intervenes in the Market
Lack of free trade between provinces
Bonus video
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