Source: Cafe Hayek
by Don Boudreaux
“To repeat for the umpteenth time, we ordinary Americans are made, not more prosperous, but poorer whenever government obstructs our access to economic outputs – which is just what tariffs do. Americans’ prosperity can no more be enhanced by ‘universal baseline tariffs’ on goods, services, and inputs offered for sale in America by non-Americans than Virginians’ prosperity can be enhanced by universal baseline tariffs on goods, services, and inputs offered for sale in Virginia by non-Virginians. That Trump apparently is blind to this reality is sufficient reason to dismiss him an economic ignoramus. But Trump triples-down on his ignorance by implying that his tariffs will tax only foreign companies and impose no costs on Americans.” (03/02/23)
https://cafehayek.com/2023/03/the-economic-ignorance-is-stunning.html