“We candlemakers are suffering from the unfair competition of a foreign rival, whose production costs are so low that he floods our market with light at a price far below ours…This rival is none other than the sun.”- Frédéric Bastiat, Economic Sophisms (1845) Frédéric Bastiat’s mid-nineteenth century satire exposed the folly of shielding inefficient industries, yet today’s politicians repeat the same error with tariffs that tax global trade to prop up costly domestic production. Like candlemakers demanding shuttered windows, these policies burden families, farmers, and small businesses with...

Tariffs Don’t Lighten the Way Forward, They Darken It
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