Fomenting spurious anxieties about national security is the first refuge of rent-seeking scoundrels who tart up their protectionism as patriotism when they inveigle government into lining their pockets with money extracted from their fellow citizens. Sugar producers are ludicrously protected in the name of “food security.” Most U.S. steel imports come from four important allies: Canada, South Korea, Mexico and Brazil. The coming steel tariffs/taxes will mean that defense dollars will buy fewer ships, tanks and armored vehicles, just as the trillion infrastructure dollars the administration talks about will buy fewer bridges and other steel-using projects. As Henry George  said, with protectionism a nation does to itself in peacetime what an enemy tries to do to it in war.
Here’s David Henderson on allegations that U.S. labor markets are infected with monopsony power . And be sure not to miss the spot-on comment below his post by Brandon Berg.