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Home / Carpe Diem / You might be a protectionist….. – Publications – AEI

You might be a protectionist….. – Publications – AEI

Summary:
AEI You might be a protectionist….. …. if you fail to understand that free trade enhances our standard of living regardless of whether our trading partners practice free trade, or instead engage in protectionism. For example, if China develops a cure for cancer and America simultaneously develops a cure for Alzheimer’s disease, but protectionist China refuses to give their people access to US medicine to cure Alzheimer’s, you think Americans would be made better off by imposing trade barriers to “retaliate” against China and prevent imports of China’s life-saving cancer medicine, even though tens of thousands of Americans would suffer and die needlessly as a result. In other words, you might be a protectionist/scarcityist/mercantailist if you callously advocate imposing death sentences on

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AEI
You might be a protectionist…..

…. if you fail to understand that free trade enhances our standard of living regardless of whether our trading partners practice free trade, or instead engage in protectionism. For example, if China develops a cure for cancer and America simultaneously develops a cure for Alzheimer’s disease, but protectionist China refuses to give their people access to US medicine to cure Alzheimer’s, you think Americans would be made better off by imposing trade barriers to “retaliate” against China and prevent imports of China’s life-saving cancer medicine, even though tens of thousands of Americans would suffer and die needlessly as a result.

In other words, you might be a protectionist/scarcityist/mercantailist if you callously advocate imposing death sentences on thousands of Americans suffering from cancer to “retaliate” against China to achieve some false notion of “fair trade,” a “more favorable trade balance” and a “more level playing field” when it comes to international trade.

Inspired by “Thoughts on Trade” by Brian Wesbury, Robert Stein and Strier Elass at First Trust.

You might be a protectionist…..
Mark Perry

Mark Perry
Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan’s Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.

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