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A Note on Protectionism

Some protectionists argue that high tariffs and other trade restrictions are often necessary to keep a country’s culture from changing, or from changing too rapidly.  Other protectionists argue that high tariffs and other trade restrictions are often necessary to allow “infant industries” to be born, grow, and mature in the home country.

These two often-heard pleas for restrictions on consumers’ freedom to spend as they wish do not sit easily beside each other.

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