13 months. Protecting banks, Wall Street, Detroit, housing, construction, etc., is protectionism even if it hasn’t resulted in a change in tariff rates. Bastiat reminds us that there are many types of protectionism. They all have international implications. As conditions worsen,
Immense damage can result from the attempt to stave off inevitable losses. Protectionism is the classic example. Businesses losing money attempt to shield
against Yugoslavia. War drains and destabilizes the economy. The combination of protectionism, inflation, and war is a prescription for total economic wreckage. How
18 months to cripple economic growth through mind-boggling spending, aggressive protectionism, and attacks on the personal liberty that undergirds free enterprise.
assuming risks the rest of us don’t want to bear. Finally, all temptations toward protectionism should be resisted. Trade barriers are the surest path to making a bad
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.