Why does trade occur? Fundamentally, trade takes place in order to better the lives of those participating in the trade. You trade money for food because you are hungry and money doesn't taste very good.[...]
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Tag: protectionism
Meet the new year. Same as the old year
2016 was largely a year of confusion around the globe. It was a year in which the deadly horrors of statism were on full display, yet most people misidentified them and instead blamed immigrants, refugees,[...]
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“Protectionism” Only Protects Special Interests
Protectionism exists in many facets of the economy and is essentially the use of taxes, regulations or other means to disincentivize, restrict, or prohibit trade. The idea is simple: I am the only widget maker[...]
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