There are many people out there, especially conservatives, who view themselves as supporters of the free-market. However, many of these people also favor protectionism. In other words, they favor tariffs and import quotas placed on imports to benefit the economy. … Read More
Tag: Protectionism
Protectionists are sly. They don’t have any logical arguments for their position. All they can do is spit out rhetoric and slogans and hope they persuade the public. As futile as this may seem, it sadly often works. One of … Read More
I have a simple question for all defenders of tariffs. If tariffs benefit the economy, why shouldn’t we place them at every state, county, or even household border? I hope this idea sounds crazy because it is. Obviously everyone would … Read More
Import quotas like their brother tariffs are one of the unholy spawns of Protectionism. They do not benefit most people; they are designed to benefit special interest groups. They protect inefficient domestic businesses from efficient foreign competitors. Throughout this process, … Read More
Many Americans today, especially Republicans, hold the view that it is better to buy goods that are made in America. As a result, they support tariffs on imported goods, so that consumers are encouraged to “buy American.” Somehow they think … Read More