The Scourge of Protectionism

American protectionists all cheered last month when they learned they were going to be able to pay higher prices on steel and everything made with steel-thousands of products.

Will they also cheer now that their employers will sell a lot less of more than 100 different products ranging from food to cars? And why is it that when it comes to economic matters and history, Americans are so willfully ignorant? Prediction: When the market crashes, trade collapses and unemployment skyrockets, will they blame the anti-trade protectionist policies?

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