Atrocious Economics at the Washington Post

It could almost be satire. In this article the Post claims that elimination of tariffs is a plot by big corporations to attack small business. I am not making that up (thanks Jeff!). Circumstances do not exist where an economy benefits from trade barriers – they are always detrimental. The costs of the tariffs are borne by consumers who pay higher prices and get less choice. Only a very small group of people reap the rewards of this statism

"It's become sort of a lobbyists' dream," said Jim Schollaert, a former State Department trade specialist who now represents domestic manufacturers. "It's a gravy train, and there's little work to it."

Each legislative season, corporate executives and lobbyists quietly draft hundreds of bills to suspend tariffs. Over time, the changes cost taxpayers hundreds of millions of dollars in lost revenue, a Washington Post analysis of U.S. trade data found

Conspiracies everywhere, propagated by evil corporations and unscrupulous lobbyists! Soon to be reprinted in The Daily Worker…