The Briefing with Albert Mohler Thursday, March 13, 2025
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Mar 13, 2025 Discover the intriguing world of tariffs and their impact on the economy. Explore the historical roots of these policies and the ongoing debate between protectionism and free trade. Delve into how tariffs shape consumer experiences and global trade dynamics, affecting everything from bicycles to automobiles. Gain insights into the delicate balance of national and international interests while considering past leaders' lessons on price controls. It's a compelling discussion that blends economics, history, and morality.
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Tariffs: A Complex Issue
- Tariffs are a complex topic with no easy answers regarding their morality.
- President Trump considers tariffs important, but public discussion about their function is lacking.
Tariff Origins
- The term "tariff" originated from the Ottoman word "tarife," a charge on imported goods.
- While the word is newer, the concept of tariffs dates back to ancient history.
Rise of Free Trade
- Free trade, the opposite of protectionist tariffs, gained prominence post-WWII.
- It aimed to eliminate tariffs, benefiting importers, exporters, and consumers.