TAFTA

After my last post, I began thinking seriously about the possibility of a NAFTA-like agreement with the free market countries of Europe. I think we should call it the Trans-Atlantic Free Trade Agreement, or TAFTA, and invite Great Britain, Estonia, and all of the other countries who believe that free markets are superior to socialism when it comes to growing an economy. Perhaps the faltering economies of Western Europe, like Italy, will recognize the extreme value of openness and will decide to accede to the agreement themselves. This idea makes sense not only from an economic perspective with economic benefits in mind, but it is imperative that the United States attempt such a project for reasons of political stability. The impending collapse and failure of the EU experiment will leave a vacuum that must be filled, lest the economies of the world slip into autarky again. A period of closure such as that would lead to the same economic decline and thus political nightmare scenarios like those of the Interwar period: Hitler, Mussolini, Hirohito.