I'll start with free trade. I'm much more familiar with that. I've been teaching and researching free trade for, literally, 25 years.
I'm absolutely mystified by people who don't, after this time, understand the importance of trade to well-being and standard of living. This has been known for 300 years, theoretically, from Adam Smith, Ricardo, to the present, and we know it from 300 of years of practice. And I say that because I've had the great fortune of travelling around the world and teaching in a whole bunch of really poor countries, like rural Ukraine and Russia and China and Cuba and Iran. I have seen the impact of countries that are more autarchic, that is to say they're more closed.
I tell my students it's really simple. You want to be poor? Close your economy. And if you want to be wealthy, open it up. I'm speaking colloquially to get my point across quickly. Trade is correlated to a higher standard of living: the more we trade, the better off we're going to do.
So it is absolutely essential that we sign more free trade agreements. I hope we sign free trade agreements with every country in the world.