Protectionism and Free Trade

Business owners understand that the key to prosperity is to reduce costs and deliver more goods to the customer. Wage workers, however, often want higher prices in order to "protect" their jobs.

Since the Tariff Act of 1789, the tariff has been the playground of special interests, and used as a means of rewarding political friends, and harming political enemies.

Many people fail to correctly distinguish between the causes and effects of price inflation and those of monetary inflation.

Neither the United States nor the European Union are so free of protectionist “sin” to cast retaliatory tariff stones at the other.