One way to keep products out of this country is to levy high tariffs upon them. Another way– and just as effective– would be for warships of another country to blockade our ports. The former is declared to be something that is 'nationalistic,' while no doubt we would see the other as an act of naked aggression. Yet, there is no difference between the two when it comes to examining their results. William Anderson Tariffs are Sanctions: http://www.mises.org/fullarticle.asp?record=350&month=15
|