A Comment About

Why Tariffs and Quotas Don’t Work

February 29, 2008 - 1:29 am - by Tim Worstall
Hale Adams
2008-02-29 11:52:54

To Paul in Florida:

As Tim and Mishu note, what you’re wishing for is already coming to pass. Besides, is the best way to get what you want to cut those “damn furriners” off, or is it to strip our own guild-protected elites of their government protection?

To OmegaPaladin:

I’m reminded of a Henry Payne cartoon from the 1992 elections. Ross Perot and Uncle Sam are facing the reader. Perot has a piece of paper in his hands labelled “U.S. Constitution, Article II, Section 10″, and he’s looking at Uncle Sam, who is rolling his eyes skyward in a “Lord, spare me this idiot” look. Perot says: “What’s this? Free trade ‘tween the states? That giant suckin’ sound y’all hear is all the jobs in the United States movin’ to low-wage Mississippi!”

Too bad so many people in all political parties have an understanding of economics on a par with Perot’s.