Acton Institute Powerblog

The problem with tariffs and protectionism

(Image credit: Shutterstock)

Note: This is post #34 in a weekly video series on basic microeconomics.

How do tariffs affect consumers? What about producers? Who wins and who loses? In this video by Marginal Revolution University, economist Alex Tabarrok looks at the costs and consequences of tariffs, quotas, and protectionism.

(If you find the pace of the videos too slow, I’d recommend watching them at 1.5 to 2 times the speed. You can adjust the speed at which the video plays by clicking on “Settings” (the gear symbol) and changing “Speed” from normal to 1.25, 1.5 or 2.)

Previous in series: Should Martha Stewart iron her own shirts?

Joe Carter

Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).