Why Democrats Fail To Attack Trump's Tariffs
Like many other college-educated Americans who live in cities on the coasts, I'm not a big fan of tariffs. As an economics student, I learned that these taxes on imports produce something called "deadweight loss," which, as the term suggests, is undesirable, an inefficient drag that benefits neither producers or consumers. As a history student, I learned that the Smoot-Hawley Tariff that Herbert Hoover signed into law in 1930 worsened the Great Depression. As a consumer, I've appreciated...
Published:9/9/2019 12:50:09 PM