I keep getting the feeling that I'm a "shill" for Walter Williams. It's just that the more I read him, the more he makes sense, and the more I want to let people know. His ideas of trade and economics are spot on and should be understood by more, so that the next time tariffs or trade restrictions are discussed, you will know how they impact you and the rest of the United States.
His latest article is about having the United States become totally self-sufficient with regards to spices, cocoa and coffee. His reasoning correctly points out that this is preposterous, but then gives real examples where United States trade policy and protectionism is doing just that. His real life examples include sugar, luggage, and textiles.
I appreciate that he recognizes that these protectionist policies do help some, but then he calculates the overall cost to the U.S. for those few people. An excellent article, that I'm sure will have you thinking twice about free trade.
