Skull Pilot
Diamond Member
- Nov 17, 2007
- 45,446
- 6,163
Why Protectionism Doesn’t Pay
Protectionists usually couch their claims in terms of saving particular industries from imports, as with shoes, lumber, and steel pipe. The facts show, however, that tariffs and quotas seldom save jobs for long or preserve the competitiveness of the industry to be “saved.” Meanwhile, of course, the consumer suffers through higher prices.
Protectionists usually couch their claims in terms of saving particular industries from imports, as with shoes, lumber, and steel pipe. The facts show, however, that tariffs and quotas seldom save jobs for long or preserve the competitiveness of the industry to be “saved.” Meanwhile, of course, the consumer suffers through higher prices.