Acton Institute Powerblog Archives

Post Tagged 'tariffs'

Protectionism leads to turmoil, strife, and disorder

Proponents of protectionism often ground their support in a quasi-nationalism; trade should be restricted for the benefit of the nation. Economically, the argument holds little weight. The benefits of more trade, like more and cheaper goods, outweigh the costs, like some temporary unemployment that results from the closing of a factory that couldn’t compete with foreign companies. Continue Reading...

The immorality of tariffs

Abraham Kuyper (1837 – 1920) | Wikimedia Commons The benefits of free trade are vast, and enjoyed throughout the world.  The alternative — trade restricted by protective tariffs and quotas — concentrates benefits to a protected few who profit due to less competition from foreign competitors. Continue Reading...

In Defiance of Logic and Good Sense

Last Friday, the New York Times editorialized in critique of American tariffs, which it says “raise the price of goods and are all too often based on outdated political considerations that defy logic and good sense.” Huzzah! Continue Reading...