Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
And also why God invented tariffs.

Well acknowledged place tariffs can, under some circumstances, have deleterious outcomes.  It's not so well-acknowledged¹ placing tariffs too low can also have deleterious outcomes.

It would help if economists, policy advisers, and Decision Makers could spell "d-y-n-a-m-i-c f-e-e-d-b-a-c-k l-o-o-p-s" ... but let us not wish for the impossible.

¹  Generally by regulators and their "enablers" sticking their fingers in the ears and shouting, "La! La! La!  I can't hear you!"

Ever since I learnt about confirmation bias I've started seeing it everywhere

by ATinNM on Tue Jun 21st, 2011 at 02:54:09 PM EST
[ Parent ]
Tariffs are not needed simply to balance different CoL levels. The smart way to use tariffs is to compensate for hidden subsidies.

Such as subsidy-by-dead-coal-miners and subsidy-by-dumping-dioxin-in-the-river.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Jun 21st, 2011 at 04:29:25 PM EST
[ Parent ]

Display:

Occasional Series