Quotation of the Day... (opens in new tab)

Tweet… is from page 86 of Douglas Irwin’s remarkable 2017 history of U.S. trade policy, Clashing Over Commerce: Indeed, [Alexander] Hamilton was skeptical of high protective tariffs because they sheltered both inefficient and efficient producers, led to higher prices for consumers, and gave rise to smuggling, which cut into government revenue. DBx: Yes. Hamilton rejected, […] The post appeared first on .