Sunday, March 11, 2018

Wenzel on 'Cotto/Gottfried': Will Trump's Tariffs help America?

Here's my recent discussion on tariffs with Joseph Ford Cotto and Paul Gottfried on the Cotto/Gottfried Show. Note: The audio is fine after the initial introduction.

 -Robert Wenzel 

1 comment:

  1. The point kept getting made that at least be pro-tariff because otherwise it’s welfare.

    In my opinion a tariff is worse. A tariff is a hidden tax that the consumer doesn’t overtly see, yet lowers their standard of living and gives the entrepreneur the false signal that they can compete in the market profitably. Bad signals leads to misallocation of resources creating future bust cycles. At least the welfare is there for everyone to see.