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Tariffs and Government Granted Patent Monopolies Lead to Corruption

As every graduate of Econ 101 can tell you, tariffs lead to corruption. The basic point is that if the government puts a 25 percent tariff on imports of say, steel or shoes, domestic producers are able to sell their products at a price that is 25 perce…

As every graduate of Econ 101 can tell you, tariffs lead to corruption. The basic point is that if the government puts a 25 percent tariff on imports of say, steel or shoes, domestic producers are able to sell their products at a price that is 25 percent higher than the world price. This both More

The post Tariffs and Government Granted Patent Monopolies Lead to Corruption appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Dean Baker.


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