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To: reaganaut1

tariffs are “central planning”. Why would they put a higher tariff on greige stock than on finished goods? Because it’s complex, and they screw up. But somehow free markets manage to do things well, because screw-ups go away. When the central planners do these things, the mistakes just roll and roll.


24 posted on 08/10/2018 5:54:37 AM PDT by babble-on
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To: babble-on
Actually, a uniform tariff for each individual country would make more sense than anything else.

The idea of "free markets" in international trade is nothing more than a subject for theoretical exercises in classrooms and coffeehouses. The U.S. doesn't even have "free markets" when it comes to its own domestic economy -- let alone with our trading partners.

25 posted on 08/10/2018 5:58:16 AM PDT by Alberta's Child ("The Russians escaped while we weren't watching them ... like Russians will.")
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