Milton Friedman with tariffs we do to ourselves to times of peace that we do to our enemies in times of war. Adopting socialist tariffs and protectionism until others abandon it is to adopt socialism. In doing so we abandon the benefits of trade. | Milton Friedman
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7.6K views · 200 reactions | High tariffs are a threat to not only the overall economy, but more damaging to the individual. Countries that keep the free trade "rules" are at an advantage. Countries that break them are at a disadvantage. Tariffs and subsidies do not gain jobs but create inefficiencies that destroy jobs and hurt workers. You can't cheat at free trade since tariffs and subsidies are their own penalty. | Milton Friedman | Facebook
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