What you're missing is the ratios. Its one unit of benefit to the crony industry being helped and 1000 units of harm to every one who consumes goods and all of the industries being hurt. It is the epitome of crony gov. which the founding fathers hated.
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Why don't you be more specific? What time period are you referring to? What are the comparative quantification's of what you are referring to? Protectionism DOESN'T protect anything. It is 1 unit of benefit for 1000 units of negativity. Why do you think economists hate it?
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They might know more than the "negotiators".There is an assumption that the negotiations are rational and lead to good outcomes. My prior tweets in this thread have demonstrated that they don't. Interfering in free trade is nearly ALWAYS bad. Show me an example where its not true
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Replying to @MusicalKasparov @BGombay
“Nearly always” is pre-Trump talk. History no longer predicts. You haven’t noticed?
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Replying to @ScottAdamsSays @BGombay
I do like the concept that prediction is an iffy business. I would however, if it were possible, bet 50,000 dollars that interfering in trade makes things worse. Trade is voluntary, if you get hurt by trade you are a fool. Only buy or sell that which works for you.
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Replying to @MusicalKasparov @BGombay
That would be a different topic. Would you bet $50,000 that you'd get a better negotiated deal without leverage than with leverage?
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Replying to @ScottAdamsSays @BGombay
No, I would bet 50,000 dollars that a totally left alone free market would function much better than a negotiated one.
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For the world average, perhaps. For an individual country, it depends.
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Replying to @ScottAdamsSays @BGombay
I have yet to see an example where inhibiting free trade nets out positive.
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