Most Americans think of the United States as a free trade island in a sea of protectionist nations. In reality, the U.S. government maintains significant barriers to trade. Tariffs, quotas, and "voluntary restraint agreements" are the most common forms of protection. These barriers restrict consumer choice and drive up the prices we pay for goods and services. No one knows just how much more consumers must pay because of trade barriers, though in 1986 economist Gary Hufbauer put the figure at $65 billion. More recently, other economists have studied some particular industries and found that the bill quickly adds up to $28 billion, even excluding most of the economy.
Reason's Annual Webathon is underway! Donate today to see your name here.
Reason is supported by:
Bent Johan Mosfjell
Which leaves the U.S. without a major party even slightly inclined to leave people alone to manage their own affairs.
Is this the Supreme Court’s next big gun rights case?
Trump: If the President Doesn't Have Standing to Pursue Wild, Unsubstantiated Claims of Election Fraud, Who Does?
Fox News interviewer Maria Bartiromo uncritically accepts Trump's outlandish conspiracy theory.
The former Trump attorney's election fraud lawsuits feature the same sort of dubious evidence that has failed to impress courts across the country.