Home
/
RELIGION & LIBERTY ONLINE
/
Protectionism is economic suicide
Protectionism is economic suicide
Jan 19, 2026 4:16 AM

The most charitable assumption you can make about people who support tariffs and other forms of protectionism is that they are economically illiterate. But if they are able to demonstrate they understand the economics of protectionism and still support such policies, then we are justified in assuming they don’t care about harming their neighbor.

This binary choice may sound overly simplistic—after all, aren’t most policy plex?—but it really is that clear-cut. As Mark J. Perry explains,

It’s a scientifically and mathematically provable fact that all tariffs, at any time and in any country, will harm economic growth, eliminate net jobs, destroy prosperity, and lower the standard of living of the protectionist country because tariffs are guaranteed by the ironclad laws of economics to generate costs to consumers that outweigh the benefits to producers, i.e. tariffs will always impose deadweight losses on the protectionist country . . . That is, the reality that tariffs always inflict great economic damage and leave society worse off is not a debatable e, rather it’s a provable fact, like the law of gravity.

Why then if protectionism is as Perry says, actually a job-destroying, prosperity-destroying form of economic suicide and an economic death wish” do so many American support such policies? Perry offers 25 reasons, my favorite ten of which are:

1. The false belief that trade is a zero-sum game (win-lose), when in fact it’s win-win.

2. The costs of protectionism to consumers are mostly hidden.

3. The benefits of protectionism to producers are easily identifiable and visible.

14. The pathological, but false obsession that exports are good.

15. The pathological, but false obsession that imports are bad.

18. Many Americans think that exporting US products is patriotic.

19. Many Americans think that importing foreign products is unpatriotic.

20. The false belief that trade deficits are a sign of economic weakness.

23. The general lack of economic literacy among the general public.

24. The general lack of economic literacy among politicians, or their intentional disregard for the economics of protectionism in favor of enacting public policies that help them get re-elected.

All of Perry’s reasons are important, but I think we could transform our economy—and significantly increase human flourishing in America—if we could just eliminate #1, #19, #23, and #24. Read the rest of Perry’s reasons here.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Explainer: What’s Going on in Venezuela?
What’s going on in Venezuela? A wave of anti-government demonstrations has been sweeping through Venezuela since early February. There have been at least 13 people been killed, 150 injured, and over 500 arrested. Where exactly is Venezuela? Venezuela is a country on the northern coast of South America that borders Columbia, Brazil, and Guyana. The Caribbean Sea is along the northern border. The country, which is nearly twice the size of California, is is one of the ten most biodiverse...
Can We Equate Sexuality With Race?
At The Gospel Coalition, Joe Carter (Senior Editor for the Acton Institute) does some speculating on whether or not “gay is the new black.” That is, can we equate sexual behavior and race when we are discussing questions about equality, marriage, adoption, and discrimination? By now, most of us are familiar with the issues surrounding Christian business owners (such as bakers and photographers) who have declined to do business for a homosexual wedding. Our nation is currently struggling with whether...
Why You Shouldn’t Support Both Amnesty and Minimum Wage Increases
People face tradeoffs. To get one thing that we like, we usually have to give up another thing that we like. That principle is one of the most basic in economics — and yet the most frequently ignored when es to public policy. A prime example is the tradeoff that is required on two frequently debated political issues: immigration reform and minimum wage laws. Many of the same people who support increasing the minimum wage also support increased immigration and...
The Crazy Alternative Lifestyle of Marriage and Children
I have five kids. I thought I was sane, but apparently, I’m living a crazy alternative lifestyle. Freestyle halfpipe skier David Wise won gold at Sochi. NBC, rather than being impressed with his world-class athleticism, focused on his “alternative lifestyle.” You see, Wise is married to Alexandra, and they have a young son. Wise is also considering ing a pastor. San Diego Chargers quarterback Phillip Rivers has had his critics in terms of his play, but there are also critics...
What Does Dr. Ben Carson Prescribe For America?
In 2012, Dr. Ben Carson, former head of pediatric surgery at John Hopkins Hospital, rose to media attention at the National Prayer Breakfast in Washington, D.C. During that speech, he told the audience, including President and Mrs. Obama, that he didn’t mean to offend anyone, but he wasn’t going to be “politically correct,” either. Since then, Dr. Carson has been a regular contributor to The Daily Caller. He recently spoke in Sikeston, Missouri, and gave his prescription for what ails...
And Here I Thought Bullying Was Wrong: Gary Peters Bullies Cancer Patient, TV Stations
The Department of Health and Human Services, under the direction of Kathleen Sebelius and the Obama administration, has a website aimed at stopping bullies: StopBullying.gov. While it has pages for parents, kids, educators and munity members, it apparently needs to add a page for politicians. Michigan resident Julie Boonstra is currently featured in a mercial funded by Americans for Prosperity. Boonstra suffers from leukemia, and lost her health insurance due to the Affordable Care Act. She calls out Democratic Senate...
Uber Cab Driver: ‘I Feel Emancipated’
On-demand ride-sharing services such as Uber and Lyft are on the rise, allowing smartphone users to request cab drivers with the touch of a button. But though the services are popular with consumers and drivers alike, they’re finding less favor among their petitors and the unions and government bureaucrats who protect them. Calling for increased regulation, entrance fees, and insurance petitors are grappling to retain their privileged, insulated status. In Miami-Dade County, an area with particularly onerous restrictions and regulations,...
Samuel Gregg on ‘Pope Francis’s Money Man’
Over at Real Clear Religion, Acton’s director of research, Samuel Gregg discusses Pope Francis’s recent appointment of Cardinal George Pell to “Secretariat of the Economy.” The secretariat has authority over the economic activities of the Vatican City State and the Holy See. Gregg explains his take on Cardinal Pell and this appointment: It may well turn out to be the greatest challenge of his priestly life. You don’t need to watch the Godfather Part III to know that the Catholic...
Justice Scalia: Good Government Needs Religion
Speaking on February 14 at a Chicago event celebrating George Washington’s Birthday, U.S. Supreme Court Justice Antonin Scalia’s headline remark was his insistence that Chicago-style pizza is “not pizza.” But Scalia focused heavily on the abysmal state of civic education, which not surprisingly, includes law students as well. Over at the Liberty Law Blog, Josh Blackman, offers some excellent highlights of Scalia’s words from the event. On the relationship between religion and good government, Scalia declared: Let me make clear...
Orthodoxy and Ordoliberalism
Today at Red River Orthodox, I offer a brief introduction to the liberal tradition for Orthodox Christians living in the West: Liberalism, historically, is a broad intellectual tradition including a large and disparate group of thinkers. The epistemological differences between John Locke, David Hume, and Immanuel Kant do not stop them all from being liberals. In economics the range extends from Friedrich Hayek to John Maynard Keynes. In political philosophy, from John Rawls to Robert Nozick. For that matter, both...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved