Douglas K. Bereuter Quotes
When trade legislation seeks to protect one industry at the expense of another, then the economic well-being of everyone in this country is adversely affected.
Douglas K. Bereuter, U. S. Congressman (Republican, NB), Testimony, House Education and Labor Committee, February 25, 1987
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In addition the companies that are being protected suffer by not getting competitive and not utilizing the most modern and most efficient techniques. Even construction workers are hurt as protected companies do not modernize their facilities as often and build new plants.
Hoover, a brilliant administrator, seems to have been on the wrong side of most economic issues.
The issue of free trade verses protectionism has been with us throughout American history with national sentiments going one way and then later the other, only to come back and the cycle has gone on. Floyd was very modern in his economic views, so much so that he, even as a Southern politician, opposed slavery on the grounds that it was economically inefficient and the South would never develop industrially if it had no incentive, as existed in the North and England, to reduce the amount of labor required for economic opportunity. He was right on that point as well.
The same problem has always existed with full scale trade wars always a possibility.
America’s first political economist. The first American Political Economist was a virulent enemy of free trade.
Douglas Kent Bereuter is a retired politician from the state of Nebraska in the Midwestern United States. He served in the United States House of Representatives from 1979 until 2004. He also served as the president and CEO of The Asia Foundation from 2004 to 2011 and is a member of the ReFormers Caucus at Issue One. Bereuter is a member of the Republican Party.