Whether subsidizing our own producers or punishing those abroad, tariffs inevitably become handouts to the politically powerful.
Protectionism can’t enrich the country as a whole, only boost certain individuals and industries while impoverishing the rest.
โข
Tariff increases might make good political sense, but they are bad economic policy.
โข
Tariffs distort market signals that would otherwise lower costs, raise competition, and motivate reinvestment.
โข
Changes in social norms โ not trade liberalization โ have transformed American family life.
โข
“Rather than paying with money, those in search of scarce goods people will pay with their time and effort.” ~David Hebert
โข
“The best way to address unfair trade practices is not through blanket tariffs but by expanding trade with allies and non-hostile nations.” ~Vance Ginn
โข
“Occupational licensing โ the costly requirement of a license to be engaged in a particular profession โ has grown massively in recent decades. Many of the new regulations fall on low- and medium-income professions.” ~Vincent Geloso
โข
“If the de minimis exemption were eliminated, people living in the poorest zip codes would face average tariffs of 12.1 percent.” ~Bryan Riley
“If other governments insist on harming their countriesโ economies with such interventions, thatโs their business. We can pity the citizens of those countries.” ~Donald J. Boudreaux
Whether subsidizing our own producers or punishing those abroad, tariffs inevitably become handouts to the politically powerful.
Protectionism can’t enrich the country as a whole, only boost certain individuals and industries while impoverishing the rest.
โข
Tariff increases might make good political sense, but they are bad economic policy.
โข
Tariffs distort market signals that would otherwise lower costs, raise competition, and motivate reinvestment.
โข
Changes in social norms โ not trade liberalization โ have transformed American family life.
โข
“Rather than paying with money, those in search of scarce goods people will pay with their time and effort.” ~David Hebert
โข
“The best way to address unfair trade practices is not through blanket tariffs but by expanding trade with allies and non-hostile nations.” ~Vance Ginn
โข
“Occupational licensing โ the costly requirement of a license to be engaged in a particular profession โ has grown massively in recent decades. Many of the new regulations fall on low- and medium-income professions.” ~Vincent Geloso
โข
“If the de minimis exemption were eliminated, people living in the poorest zip codes would face average tariffs of 12.1 percent.” ~Bryan Riley
“If other governments insist on harming their countriesโ economies with such interventions, thatโs their business. We can pity the citizens of those countries.” ~Donald J. Boudreaux
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