Tariffs and Trade Wars

While politicians debate trade wars and "reciprocal" tariffs, Milton Friedman reminds us of a fundamental truth: two wrongs don't make a right in economics any more than they do in life.

The temptation to "fight fire with fire" in trade policy might feel satisfying, but as Friedman explains, it's like punching yourself because someone else did it first.

What do you think? Does retaliation ever make economic sense, or should we focus on what's best for our own prosperity?

Тэги:

#Economics #Freemarkets #Freetrade #MiltonFriedman

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