Manufacturing Productivity Soars Under Record Tariffs, Crushing the Anti-Tariff Folklore
Someone should contact the curators at the Smithsonian. An American folk mythology is about to die from exposure to the harsh light of reality. Perhaps the Smithsonian folks should start assembling an exhibit commemorating this dying system of belief and ritual before it is forever purged from our collective cultural memory.
The endangered mythology, of course, is the idea that trade tariffs damage the economy by making the very sector they seek to protect, manufacturing, less efficient, ultimately making the nations that impose them poorer. A particularly…
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