Tweet [1]
David Beckworth recently interviewed his teacher George Selgin on monetary matters [2].
The justification for all trade is that it benefits the hardworking consumer. Trade restrictions benefit the few at the expense of the many, which is the exact opposite of what politicians like Sanders claim to represent. Protectionism is an insidious tax because it doesn’t show up on a paystub like federal withholding or Social Security. Instead, it manifests in higher prices and lower quality for the consumer. We should resist it in all its forms.
The first issue of the Molinari Review has been published! [8]