Tariffs Mean You Pay More for Worse Products
Free-traders wield two familiar arguments against protectionism. First, they point to higher prices—tariffs make protected items more expensive. Second, they invoke Frederic Bastiat’s principle of the “unseen”—protecting jobs in one industry comes at the cost of destroying jobs elsewhere, often in higher-paying and more innovative sectors.
The post Tariffs Mean You Pay More for Worse Products appeared first on Independent Institute.
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