Exploit Quietly

Need Forgiveness

Take Without Asking

tariff

is an invisible harm such that while union workers see they are 'protected', people don't have jobs but don't know it.

The benefits of a tariff are visible. Union workers can see they are 'protected'. The harm which a tariff does is invisible. It's spread widely. There are people that don't have jobs because of tariffs but they don't know it. Milton Friedman

is not desirable if its end is merely to create jobs. The real objective should not just be jobs but productive jobs-- jobs that will mean more goods and services to consume.

For example, the supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the persons employed do. That is clearly wrong. If all we want are jobs, we can create any number-- for example, have people dig holes and then fill them up again, or perform other useless tasks. Work is sometimes its own reward. Mostly, however, it is the price we pay to get the things we want. Our real objective is not just jobs but productive jobs-- jobs that will mean more goods and services to consume. Milton Friedman

is a tax on imports, designed to protect the domestic producer against the greed of his consumer.

is a scale of taxes on imports, designed to protect the domestic producer against the greed of his consumer.

tariff, n.All

tariff