QUOTE: What about tarriffs, dumping, and “protecting domestic industries”?


“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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