Hardly quatitative analysis is used by teh cato institute to assess costs to tariffs.
Is its validity as public policy the same as voodo? Call if Voodoo economics if you want, hell I take it as a compliment...
The voodoo I accept it is any justification for the economics part of the appellation I find difficult to accept.
How does one know what goods to produce, or how to distribute them, if they ignore what people want, and when they want it? Like I said, GOSPLAN's slide rule didn't work.
The aggregate law of supply a demnad works for this in a Free market in a command ec0onomy the decision of whovere is in charge determines thsi I am for removal of command elements from the American economy whereever they are sourced.
Except for when you want to command someone to pay more for something...