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by whiddershins 3137 days ago
“No country has ever produced domestic prosperity by restricting trade.”

This sentence feels dogmatic to me. I would like to see a bunch of citations, and even then it would be hard to prove the negative.

1 comments

I'd like to see a case where it worked.

In any case(!), the economic principle at work here is the law of comparative advantage.

https://www.investopedia.com/terms/c/comparativeadvantage.as...

To claim that protectionism improves prosperity is to claim that the law of comparative advantage is incorrect.

I shed a tear in Ricardian.

Of all the purported liberal ideas the U.S. thinks it embraces, restriction of immigration is one of the most baffling.