Mises Institute

Why Smart People Are Rightly Confused About Tariffs

Jan 4, 2025
Delve into the confusing world of tariffs and discover how they are misunderstood even by the educated. Unravel the historical significance of tariffs, their limited benefits, and their role in deepening the Great Depression. Examine the burden they impose on American consumers while failing to protect domestic industries. Explore how regulations impact low-skilled workers and small businesses, highlighting the unfair advantages they give to larger corporations. Finally, see the connections between domestic and international protectionism throughout history.
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