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Insanity

 Robert Lighthizer, merchandise ignoramus or tool of crony protectionists?

By Don Boudreaux

With apologies to Frank Knight and the many other economists who through the years accept offered like remarks, I can’t assist but remark hither that a visitor to Earth from only about other planet would, upon observing the merchandise policies of virtually every earthly government, conclude that each human beingness is enriched yesteryear producing equally many equally possible goods as well as services for others as well as yesteryear receiving equally few equally possible goods as well as services inwards return.

Here’s the blurb of a written report today, from World Trade Online, on U.S. of A. Trade Representative Robert Lighthizer’s reaction to the Canadian government’s challenge, at the WTO, of only about U.S. of A. “trade remedy” practices:

If Canada succeeds inwards a novel World Trade Organization challenge of vi U.S. of A. merchandise remedy practices, it volition terms itself — reducing U.S. of A. trust inwards Canada equally a trading partner — as well as assist China yesteryear undermining U.S. of A. rules designed to preclude Chinese products from surging into the U.S., U.S. of A. Trade Representative Robert Lighthizer said inwards answer to Canada’s asking for consultations at the WTO.

Note peculiarly this line: “U.S. rules designed to preclude Chinese products from surging into the U.S.”  How insanely ridiculous this ‘logic’ is.

The ‘logic’ of protectionism leads to the absurd determination that greater access to goods as well as services is a fate from which people should be protected.  This ‘logic’ is illogic; I’ll from hither on inwards telephone phone it “ill-logic.”

It’s no exaggeration to say that amidst the master copy actual functions of the Earth is the resolute creation of artificial scarcity.  In practice, states piece of occupation assiduously to diminish their citizens’ prosperity.

  -RW

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