To tariff, or not to tariff? - San Diego, California Talk Radio Station - 760 KFMB AM - 760kfmb

To tariff, or not to tariff?

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Imagine you're a congressman.

The CEO of a sleeping bag company knocks on your office door and asks for you to put a tariff on less expensive sleeping bags from Bangladesh. If you pass the tariff, the CEO promises to hire 20 people to produce more sleeping bags! If you don't pass the tariff, they might go completely out of business.

What do you do, congressman?

To tariff, or not to tariff? Leave your answer below!

We asked this question at 8:00 this morning:

http://media.worldnow.com/kfmbam/podcast/the_mike_slater_show_6335.mp3

 

For more on tariffs, read chapter 11 of Economics in One Lesson (Takes 10 minutes)

Or check out the most brilliant essay of them all about free trade from Bastiat.

Or, if you don't like to read, a little Milton Friedman enlightenment is always a good thing:

http://www.youtube.com/watch?v=j0pl_FXt0eM

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