The real cost of protectionism

Wednesday, February 1, 2017

WASHINGTON -- When the president speaks of closed factories scattered like "tombstones" across America, has he noticed the shuttered stores in shopping centers, and entire malls reduced to rubble? He promises "protection" to prevent foreigners from "destroying" manufacturing jobs by exporting to America things that Americans want to import. Does he know that one American company might be "destroying" more American jobs than China is? And that this supposed destruction is beneficial?

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