Richard Epstein on Free Trade and Fair Trade

Libertarian law professor Richard Epstein has a new post up at the Hoover Institution Web site about free trade and adjustment assistance for those who lose jobs to overseas competition: "what would be the state of play in the United States if every time a new firm opened up in one state it was required to fund trade assistance for workers at other firms who lost their jobs as a result?...We have to take the same approach to international trade that we take to domestic trade. Those individuals who lose their jobs to foreign competitors are no better off than those who lose them to domestic competitors. These people should receive the same level of assistance, no more and no less."