Posted on 03/12/2018 7:06:15 PM PDT by Innovative
Kudlow is not an economist. He just plays one on TV.
For that matter, Gary Cohn wasn't an economist either. The National Economic Council directorship doesn't really require an economist to head it. Of the eleven people who have held that role only three have had degrees in economics.
Tariffs are the only form of taxation that is dual purpose. Without doubt a tariff protects, to some degree, domestic industry from FOREIGN competition. It does not protect industry from DOMESTIC competition - which is good. To me that makes the tariff the premier form of taxation.
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