Protectionism and Buying American
I have recently been reading Economics in One Lesson by Henry Hazlitt, and in Chapter 11, Section 2, I found an interesting analysis of tariffs and how they actually hurt everyone except the special interest producer. In his hypothetical example, the consumers pay more for the products, there is less export of American currency to foreign countries, and therefore less export from America, and he even goes on in the following sections about wages decreasing as an effect of tariffs. [...]
