Tariffs, not so good. Donald Boudreaux‏




Extracts:

“While free trade works when economies are fully employed, tariffs must be used when economies are depressed….  Why do you [Boudreaux] deny this necessity?”


Second, if the premise of your argument is correct, you should not stop with obstructing cross-border trade.  You should propose also that, say, people be prevented, during recessionary downturns, from buying used cars (think of all the auto-factory jobs that would thereby be created); that people be prevented from preparing meals at home (think of all the restaurant jobs that would thereby be created); and that people be prevented from sleeping at home (think of all the hotel, motel, and B&B jobs that would thereby be created).


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