Monday, March 5, 2018

Anti Tariff or Anti Trump?

Some break the rules and live to count the cost
The insecurity is the thing that won't get lost
--Howard Jones

People coming out of the woodwork against President's Trump's proposed steel tariffs. That's good.

Of course, many of those same people are for interventionist actions of other kinds. That's bad.

A tariff is a tax on imports. Taxing imports reduces reduces trade and the benefits that come from specialization of labor. Prosperity is therefore compromised.

Other forms of intervention, many of them the equivalent of 'local tariffs,' essentially do the same.

Not supporting Trump's tariff proposal while supporting, say, taxes on income or minimum wage laws, demonstrates either ignorance or political partisanship.

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