Saturday, August 13, 2016
On the Fact that (According to Economists, Thomas Sowell and Mark W. Hendrickson), While the Steel Tariffs of the 1980s Saved 5,000 Jobs in the Steel Industry, They Ended Up Costing 26,000 Jobs in the Steel-Using Industries
And you can find similar examples. Sugar tariffs, for example, while these tariffs ended up saving some jobs in the sugar-growing industry, they ultimately destroyed many multiples more in the various confection industries (candy, soda, cookies, etc.)....And don't you just want to bitch-slap Trump for being too stupid to realize that there are unintended consequences for this protectionism shit? I do (not that I'm calling for violence here, mind you).