Source: Bet On It
by Bryan Caplan
“Protectionism has been absurd for centuries. Trade is, for all practical purposes, a technology, so protectionism is just Luddism in disguise. … But over the last ten years, protectionism has taken a major turn for the worse. Classic protectionism was at least predictable. Protectionists looked at sellers and saw gainers; they looked at buyers and saw losers. … however, protectionists have risen to a new level of nonsense. While they still loudly complain when their countrymen buy goods and services from foreigners, they also loudly complain when their countrymen sell oddly specific goods to foreigners.” ()2/26/26)