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Dec 4, 2024
12:51:20pm
Japan Coug Intervention Needed
Incorrect. The net of those two is negative; virtually all economists oppose
protectionism and favor free trade for this reason. They call the net bad news the “deadweight loss to the economy”. Please read the articles I linked in my post above for detailed explanations.

Bottom line is that protectionism always reduces economic growth and makes us poorer, although not equally so: it enriches some, primarily select industries & special interest groups, and politicians and their cronies, at the expense of everyone else.
This message has been modified
Originally posted on Dec 4, 2024 at 12:51:20pm
Message modified by Japan Coug on Dec 4, 2024 at 12:56:00pm
Japan Coug
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Japan Coug
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