Tariffs don‘t just raise consumer prices. They also affect capital flows and, on numerous occasions, have triggered stock market crises. What tariffs don‘t bring is prosperity.

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Tariffs don‘t just raise consumer prices. They also affect capital flows and, on numerous occasions, have triggered stock market crises. What tariffs don‘t bring is prosperity.
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The great free-market classical liberal William Leggett believed that Americans do not need politicians telling us on which days Americans ought to be thankful.
The biggest mistake America has ever made since the nation’s founding was the conversion of the federal government from a limited-government republic to a...