Opinion

Noted economists past and present on tariffs and free trade


  • By Matt Walsh
  • | 4:40 a.m. May 6, 2025
  • | 0 Free Articles Remaining!
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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.

 

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