“Arguments in support of protectionism enchant only two sorts of people. One is individuals who have something to gain from it at the larger public expense; the second is individuals who have yet to think seriously about the matter.” That’s what economist Donald Boudreaux wrote in one of his many brilliant pieces meant for the general public.
Since we don’t belong to the first set — people who seek to gain at the public’s expense — we should avoid being in the second set — people who have not thought seriously about trade. Let’s start with a brief note on protectionism. Continue reading “On Trade and Trump’s Tariffs – Part 2”
Atanu Dey : Life is a Random Draw 