As every graduate of Econ 101 can tell you, tariffs lead to corruption. The basic point is that if the government puts a 25 percent tariff on imports of say, steel or shoes, domestic producers are able to sell their products at a price that is 25 percent higher than the world price. This both More

The post Tariffs and Government Granted Patent Monopolies Lead to Corruption appeared first on CounterPunch.org.

This post was originally published on CounterPunch.org.