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To: kevao

So what. The Fed gov was almost exclusively funded by tariffs for over 100 years. Free trade is a myth.


92 posted on 06/11/2018 8:47:48 PM PDT by Henry Hnyellar
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To: Henry Hnyellar
Free trade is a myth.

Is it? We've had unrestricted trade among the United States for over 200 years.

Would we as a country be better off, or worse off, if we had tariffs, quotas, and trade wars among the states?

Midwestern states wouldn't be as efficient (cost effective) as Florida at producing oranges. But, hey, put a high enough tariff on Florida oranges, and you've got orange production in Wisconsin! (Would that be good or bad?)

One very simple example, but I hope you get the idea: the USA is the most prosperous country in history because of free trade among our states.

The benefits of free trade are no myth. But implicit in free trade is "fair trade" -- a level playing field. Otherwise, the gains from specialization (Florida more cost efficient at orange production than Wisconsin) all go out the window.

93 posted on 06/11/2018 9:02:41 PM PDT by kevao (Biblical Jesus: Give your money to the poor. Socialist Jesus: Give your neighbor's money to the poor)
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