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Title : An Ex-Don Bordeaux Reader Who Is Ill In Addition To Tired Of Bordeaux's Failure To Back Upwards The President
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An Ex-Don Bordeaux Reader Who Is Ill In Addition To Tired Of Bordeaux's Failure To Back Upwards The President

Here’s a Don Boudreaux missive of the alphabet to a now-former Boudreaux reader who is “sick as well as tired” of Boudreaux's “failure to back upwards our President”:

Mr. Dave Foote

Mr. Foote:

Thanks for your e-mail.

Staunchly supporting Pres. Trump’s “Buy American, Hire American” program, yous “reject [my] disputation that production’s solely role is to satisfy consumers.”  You believe that “production is … an destination inward itself.”

I disagree.  And testify that I am right as well as that yous are false is available from a uncomplicated mental experiment.  In a restaurant, yous guild a plate of scrambled eggs.  You are served instead, as well as charged a higher cost for, beef wellington.  When yous object, the waiter informs yous that beef wellington requires to a greater extent than project to produce, as well as that the chef gets greater satisfaction from producing beef wellington than from scrambling eggs.  The waiter concludes past times declaring that ‘You are morally obliged to pay to back upwards the chef’s production preferences.’

Do yous concur alongside the waiter?  Are yous obliged to pay for beef wellington spell forgoing scrambled eggs?  If yous respond ‘no,’ therefore yous larn my point.

But fifty-fifty if I’m false – that is, fifty-fifty if production is indeed “an destination inward itself” – the illustration for protectionism remains rickety.  The argue is that protectionist policies protect solely a subset of existing producers inward the domestic economy.  These policies impairment other existing producers (such equally those who arrive at for export markets).  These policies impairment too hereafter producers – that is, those producers who would arise tomorrow but for the protectionism that keeps resources today artificially locked inward protected firms.

So fifty-fifty if I grant, for sake of argument, your claim that production is an destination itself, that claim does non justify protectionism, for protectionism artificially buoys the concern of about producers solely past times artificially destroying that of other producers.

Sincerely,
Donald J. Boudreaux
Professor of Economics
and
Martha as well as Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA  22030

The higher upwards originally appeared at Cafe Hayek. 

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