Trade and Tariffs have been a part of commerce for as long as people have been trading with one another. Even with all this history, there is still an impulse to raise tariffs to protect industries and their so-called capitalist. Paul Krugman himself, never short on seeing the state's point of view, is clearly in the camp of free trade as a means of raising the standard of living of every American. Join me today as we look at these two philosophies and dig into the real impact on consumers and our collective standard of living.
