Milton Friedman describes why tariffs are bad for consumers but good for special interests. Tariffs are another way of the government telling you that you must buy more expensive products, even if cheaper ones are available. Free trade, on the other hand, means being able to buy goods in the cheapest market.
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Additional resources:
Watch “The Tyranny of Control” with Milton Friedman, available here: [ Ссылка ].
Watch “The Benefits of International Trade” with John Taylor, available here: [ Ссылка ].
Read “The Case for Free Trade” by Milton and Rose Friedman, available here: [ Ссылка ].
Learn how trade and innovation are similar by watching “Trade, Technology, and Jobs: How to Think about Free Trade,” available here: [ Ссылка ].
Watch “Trade and Immigration” by John Cochrane, available here: [ Ссылка ].
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