
Episode 8 – Milton Friedman Speaks – Free Trade: Producer vs. Consumer (Podcast)
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The Protection of the Merchant Marine
If we impose a tariff on steel, or restrict imports to steal in other ways, the people who benefit are visible and clear. They have a very strong interest to press for restraints. In that respect, the interest of the rest is very diffuse. Each of us will pay a few pennies more. We don't have the same interest to oppose it. If i may take a much more extreme case, which you may think does not come under the heading of protection, but yet does. We have a programme of subsidizing the merchant marine, the marmer maritime industry, that is really protection. Because what we're doing is is taking measures to prevent the use of foreign ships,. That
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