What Williams and many globalists don't want to acknowledge is the effect that "*Import Restrictions*" have on our American economy. These purported "Import Restrictions" have been one of the major causes that has decimated the American manufacturing base.
I used to like Walter Williuams....Still do! Williams is flat out wrong here. On Sun, Mar 5, 2017 at 10:54 AM, MJ <[email protected]> wrote: > > MARCH 3, 2017 > > * Bonus Quotation of the Day… > <http://cafehayek.com/2017/03/bonus-quotation-of-the-day-224.html>*by DON > BOUDREAUX > > > … is from page 178 of my colleague Walter Williams’s 1995 volume, *Do the > Right Thing* > <https://www.amazon.com/Right-Thing-Economist-Institution-Publication/dp/0817993827/ref=asap_bc?ie=UTF8>; > specifically, it’s from Walter’s April 1993 column (for which I cannot find > a link) “Smart Economic Policy?” (original emphasis): > > Because of Japan’s import restrictions on foreign goods, Japanese citizens > pay $53 for jeans that cost us [Americans] $32. A spark plug costs them > $8.60; we can get one for $1.69. They pay $2,000 for a laser printer that > costs us $1,100. So, what should we do in response to Japan’s > restrictionist policies? Trade restrictionists, like Representative > Richard Gephardt, advise that because Japan and other countries force their > own citizens to pay higher prices, we should retaliate with restrictions > that force Americans to pay higher prices as well. In other words, because > Japan’s trade restrictions force its citizens to pay $8.60 for a spark > plug, Congress should punish Japan by adopting a policy that forces > Americans to pay the same. We won’t hear a congressman put it that way > because his stupidity would be apparent to all. Instead, you’ll hear such > terms as fair trade, antidumping, and voluntary restraints. No matter how > it’s put, the bottom line is higher prices for us. > > http://cafehayek.com/2017/03/bonus-quotation-of-the-day-224.html > > -- > -- > Thanks for being part of "PoliticalForum" at Google Groups. > For options & help see http://groups.google.com/group/PoliticalForum > > * Visit our other community at http://www.PoliticalForum.com/ > * It's active and moderated. Register and vote in our polls. > * Read the latest breaking news, and more. > --- > You received this message because you are subscribed to the Google Groups > "PoliticalForum" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > For more options, visit https://groups.google.com/d/optout. > -- -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. --- You received this message because you are subscribed to the Google Groups "PoliticalForum" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
