Maine Lobster Tastes Best With Dash of Supply Side

Aug. 17 (Bloomberg) -- History repeats itself, first astragedy, then as lobster. Or so you might think from readingthis summer’s news in Maine, which speaks volumes, or crates,about the farcical nature of North American trade policy.

First, to the dark side of the story, which involves, ifnot a tragedy, a tragically long dispute over the lumber trade.For decades, the U.S. has been alleging that Canada unfairlyholds down the price of timber for its producers, squeezing outthe noble U.S. lumberman, hurting his industry and thereforeharming the American economy.