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To: Snerfling
As there are two cases in which it will generally be advantageous to lay some burden upon foreign for the encouragement of domestic industry, so there are two others in which it may sometimes be a matter of deliberation; in the one, how far it is proper to continue the free importation of certain foreign goods; and in the other, how far, or in what manner, it may be proper to restore that free importation after it has been for some time interrupted....

You took his words out of context or did not comprehend his words. He's saying there are times that tariffs are appropriate, one of which is to protect industry from foreign competition.

519 posted on 08/01/2003 9:03:05 AM PDT by RockyMtnMan
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To: RockyMtnMan
You took his words out of context or did not comprehend his words. He's saying there are times that tariffs are appropriate, one of which is to protect industry from foreign competition.

On the contrary, I'm very familiar with Smith, and well understand the two cases he states for protection: (1) retaliation, and (2) phased protection in cases were tariffs are being phased out as well to avoid wholesale displacement.

Perhaps you should re-read what Smith is saying. My reponse addressed these two cases and posed the question of which one(s) where applicable in this debate. Please resubmit your reply.

693 posted on 08/01/2003 6:07:52 PM PDT by Snerfling
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