Source: David Friedman’s Substack
by David Friedman
“A tariff, for reasons described in earlier posts, generally makes the country that imposes it poorer. So do other taxes. Does it cost us more to raise a million dollars of revenue from a tariff than from an income tax, a sales tax, or some other alternative? What does that mean, what does a tax cost beyond the money handed over?” (02/21/26)