alexhutton

3 ms·

1. 1.▲
   by alexhutton 8y ago

   Tariffs negatively impact the country that imposes the tariffs, because it is a tax on imports. For example, steel is used by many businesses in the USA to create products which brings profit to those businesses. If the price of steel goes
2. 2.▲
   by alexhutton 8y ago

   The argument against tariffs is that they are a tax and therefore coercive and immoral. Further to that, tariffs reduce the overall volume of trade, which negatively impacts overall economic activity. Another angle is that tariffs reduce sp
3. 3.▲
   by alexhutton 8y ago

   The purpose of central banking is to protect private banks from bank runs. Free banking operated prior to the introduction of central banking and it was less stable. In free banking a bank either had the capital to pay its depositors or it