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To: GOPcapitalist

There is no clearer statement wrt the tariff made by Taussig than the one disabusing the idea that the theory of protection is wrong.

The quote you are hanging your sombero on does not accurately display his conclusion since it excludes the comments which indicate that the period of extreme protection (the Embargo and War) did much of what the tariffs were designed to do get those industries established.

Nor do you quote anything by him saying that it "flat out did not work" that is just another falsehood.


1,913 posted on 12/01/2004 10:03:50 AM PST by justshutupandtakeit (Public Enemy #1, the RATmedia.)
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To: justshutupandtakeit; lentulusgracchus; Gianni
There is no clearer statement wrt the tariff made by Taussig than the one disabusing the idea that the theory of protection is wrong.

You are simply being slothful now, fakeit. NOBODY ever denied that Taussig recognized the _theoretical_ validity of an infant industry argument. Not even Friedman rejects that _theoretical_ argument.

What was said and what is plainly evident in Taussig's study is the conclusion that infant industry protection, as attempted in the early 19th century United States, simply DID NOT WORK.

The quote you are hanging your sombero on does not accurately display his conclusion since it excludes the comments which indicate that the period of extreme protection

You're being slothful again, fakeit. The quote I have provided accurately displays his conclusion because TAUSSIG HIMSELF SPECIFICALLY LABELLED IT AS HIS CONCLUSION unlike any of the quotes you have mined to argue otherwise.

Nor do you quote anything by him saying that it "flat out did not work" that is just another falsehood.

Your failure to comprehend the very same language you purport to speak is showing again, fakeit. Taussig, in the passage that he himself specifically placed under a heading identifying it as his conclusion, said this:

Although, therefore, the conditions existed under which it is most likely that protection to young indus tries may be advantageously applied—a young and undeveloped country in a stage of transition from a purely agricultural to a more diversified industrial condition; this transition, moreover, coinciding in time with great changes in the arts, which made the establishment of new industries peculiarly difficult — notwithstanding the presence of these conditions, little, if any thing, was gained by the protection which the United States maintained in the first part of this [the nineteenth] century.

See that, fakeit? Protection gave us no gain! That means it failed.

1,921 posted on 12/01/2004 10:14:40 AM PST by GOPcapitalist ("Marxism finds it easy to ally with Islamic zealotism" - Ludwig von Mises)
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