Bailouts, stimulus packages and guarantees should be seen as a kind of backdoor protectionism. Washington is protecting Wall Street; it’s protecting the banks; it’s in general. Foreigners have already raised concerns about this bailout-style protectionism and the potential of a global trade war. Of course, if you make this
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,
with bonds. Clearly, financial markets have not noted the seriousness of trade protectionism, having become complacent while trade restrictions have generally eased from the unwinding of the credit cycle is therefore worse today. Trump’s trade protectionism so far is targeted at one country, unlike Smoot-Hawley which was across
and so penalize businesses more harshly. But in spite of this constant—or rising—protectionism, worldwide commercial transactions grew rapidly. Was this growth
and all producers in Europe , Asia , Brazil , and Australia . This is brazen protectionism, deeply harmful all around, not to mention morally repugnant. Will it certainty the most desirable destination of economic goods. If credit expansion, protectionism, and government spending were a path to prosperity, mankind would have
both domestically and abroad. Historically, the Korean government has employed protectionism to encourage Korean pop culture. For example, Hong notes that in imported. It’s safe to say the Korean film industry benefited from this kind of protectionism. The government also built and operated art house theaters.” Since the
As policymakers continue to mine the twentieth century for mistakes to repeat—from protectionism to higher taxes, to trying to start a second Cold War technology and
the cockeyed notion that international competition would cause higher prices and protectionism would cause lower prices by causing domestic producers to compete more transportation costs, calling them “an evil which ought to be minimized” through protectionism. Of course, transportation costs also affect interstate trade, but
control Washington. Buckley’s story is set in an economic climate of stagflation, protectionism, plunging stock prices, negative economic growth, US military action
Immense damage can result from the attempt to stave off inevitable losses. Protectionism is the classic example. Businesses losing money attempt to shield
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.