An Strange Reaction

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An Strange Reaction



By Don Boudreaux

 One of oddest tics exhibited past times protectionists who otherwise bring pro-free-market sympathies is to insist that the authorities of their province (say, the United States) role punitive tariffs too other merchandise restrictions inwards social club to countervail the market-distorting effects of the policies of unusual governments.  There are many problems with
this specific declaration for protectionism (again, non to the lowest degree that, inwards practice, it is aimed alone at those policies of unusual governments that are believed to artificially lower the prices of those countries’ exports; it is never aimed at those policies of unusual governments that brand the prices of those countries’ exports higher).

But hither I authorities notation alone that it is particularly strange for people who allegedly empathise too celebrate the virtues of gratis markets to justify protectionist restrictions on the grounds that these restrictions volition allegedly countervail or “adjust for” whatever marketplace distortions are (or are asserted to be) unleashed past times the economical interventions of unusual governments.  It is strange because these detail protectionists – inwards the U.S., many conservatives – to a greater extent than oft than non distrust their authorities to human activity wisely, prudently, skillfully, knowledgeably, too apolitically when meddling inwards the economy.  And soundless equally shortly equally the stated detail argue for intervention is foreign-government misdeeds that allegedly distort the American market, these free-market types – these free-market conservatives – lose all of their skepticism of their ain governments’ abilities to intervene wisely, prudently, skillfully, knowledgeably, too apoloticially.

The to a higher house originally appeared at Cafe Hayek.


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