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Old Mar 31, 2007, 04:44 pm   #5 (permalink) (top)
fushigi
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Location: Beijing
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Great find, B.

By definition, tariffs reduce trade; reduction of trade means not permitting countries to operate according to the laws of comparative advantage, which causes inefficiencies that - also by definition - kill jobs.

The only reasons to practice protectionism of any kind are to allow a domestic industry to develop from infancy for strategic reasons and to curry political favor. Anyone who claims otherwise is being misled by those who are engaging in the latter.


"What truth endures beneath the flaming stream?"
-- A Volcano, Bartolome de Las Casas, Inferno de Marsaya, 1536
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