- December 4, 2025
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In any discussion to understand free trade, protectionism and tariffs, there is no debate among credible economists: Free trade: good; protectionism and tariffs: bad.
Likewise on these subjects, there are a few names that would (and should) top any list of free trade Hall of Famers — economists who have seen, studied and can explain how tariffs never end well.
On that list: Adam Smith, Frederic Bastiat, Milton Friedman, Henry Hazlitt and the famous Austrian economists Ludwig von Mises and Friedrich Hayek.