On Tariffs

Globalism and free trade have been US policy since the Reagan administration… Donald Trump attempts to turn back the clock on trade policies- his critics are quick to attack any position he takes.  America has a long tradition of protective trade policies, but Trump’s critics are unwilling to acknowledge the historical context.

Listen to this rap

Before rapping about his life on Broadway… Alexander Hamilton was one of the earliest advocates for protectionist trade policies.  Hamilton considered tariffs an essential part of government investment in economic growth.  He did not want the United States to remain a tiny agricultural nation beholden to the European grain markets.  Protecting our young industry was an important first step.  Hamilton argued:

“Taxes are never welcome to a community, [but] an increase of duties shall tend to second and aid this spirit [of manufacturing], they will serve to promote essentially the industry, the wealth, the strength, the independence, and the substantial prosperity of the country.”  1791

Strangest bedfellows

Alexander Hamilton and Donald Trump sharing tariff policies?….  I’m not sure the crowds at Hamilton!  the musical will approve this political alliance.
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