http://cafehayek.com/2011/01/an-open-letter-to-erin-ennis.html
“I am bound to say that it is our interest to buy cheap, whether other countries will buy cheap or no.”
— British Prime Minister Robert Peel’s 1843 statement to the House of Commons explaining his decision to support a repeal of the British tariffs known as “corn laws”:
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Like the correct rate for corporate taxes which is zero, so to the correct rate for tariffs is zero as well.
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