relationship between law and liberty in republics. With American politics full of protectionism (e.g., buy-American and union provisions in stimulus legislation), will seize ever more of the power of government and use it against them. Such protectionism, behind its many disguises and misrepresentations, illustrates exactly
import quotas that limit competition from foreign suppliers of sugar. As with all protectionism beneficiaries, they roll out all manner of bogus arguments to defend it squadrons are a means whereby nations seek to prevent their enemies from trading; [protectionism] to prevent their own people from trading. What protection teaches us
stops at the border, unions have also been the primary movers behind government protectionism of all stripes. But protectionism undermines the interests of all those workers who would have gained
the Constitution is good for nothing if not to prevent this kind of state-to-state protectionism. Right? Well, that is the impression you get from those who are
may imply Z, when A is false, it may exclude Z as a possibility. For example, protectionism can save some jobs, and the income derived from them, from superior competitors. However, protectionism does not create jobs and wealth for the economy, as protectionists
border, labor unions and the politicians they rent are the primary force behind protectionism today. Union strategy, presented as the agenda of labor (rather than claims and arguments, unions have continued to finesse the fact that all protectionism must by its nature harm the vast majority and “sell” many on those
“non-presidential” words and advocacy of policies (e.g., eminent domain abuse and protectionism, which could easily lead to trade wars) that are likely to harm his be good for voters as well as demonstrating those voters’ goodness. For instance, protectionism is sold as good for voters (though it can only be good for some at even
available, as well as introducing other distortions. The many forms of government protectionism justified as “economic patriotism” reflect the same error. The issue is versus foreign producers, so patriotism should lead us to favor US producers. But protectionism does not leave other things equal. In particular, it harms US consumers
the Corn Law repeal. But more than prosperity, Cobden emphasized the injustice of protectionism, by which one group used government power to harm all other groups, had.” In an era of occasional trade liberalization, seasoned with a great deal of protectionism for politically powerful groups, we can benefit from Richard Cobden’s
being outcompeted for consumer favor was revealed in an open letter on antitrust protectionism during the Clinton administration. The letter, signed by 240 professors twenty years have come and gone, this problem hasn’t gotten any better; antitrust protectionism has continued into the present day. The scrutiny the Federal Trade
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.