Why We Can't Have Nice Things: Can You Afford Tariffs on Tin Cans?
"There's nobody that says, wait, is this good for America? Is this good for the American consumer?"
A six-part Reason magazine podcast series about the frustrating and foolish aspects of American trade policy that make everyday items more expensive. From last year's sudden shortages of baby formula to the Jones Act and President Lyndon Johnson's infamous "Chicken War," host Eric Boehm sits down with industry experts and libertarian policy wonks to explore how these counterproductive rules got made—and explain why they can be so difficult to undo.
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"There's nobody that says, wait, is this good for America? Is this good for the American consumer?"
"It's not easy to make one of these rules, but it's a thousand times harder to get rid of one."
"You need an argument for why this is good for society. That's important, but you also need money."
"It's just a very classic case of everything wrong with Washington."
The U.S. tariff code is "quite regressive and somewhat misogynist" because the most powerful lobbyist in Washington is muscle memory.
A combination of "absurdly high" federal tariffs and excessive FDA regulations created the conditions for a crisis.
A six-part podcast series on trade policy launching next week