Trump’s trade policy is structured on creating scarcity. Scarcity does not help either consumers, or producers that need an abundance of goods to produce new products.
Category:
Politics
This week in Friday Philosophy, David Gordon reviews The Tariff Superstition: Why Protectionism Always Fails and Who Really Pays the Price by Marcel Kedosa, who levies devastating arguments against protective tariffs, sometimes using the same arguments used by Murray Rothbard.