Tariffs: Who is protected, and from whom?

With regard to the recent tariffs imposed by US I recalled a very good book written by Henry Hazlitt, “Economics in One Lesson”. I wrote about it two years ago and described it as “a well-written book on the basics of economics.” That is understatement. Read the book, it may be the best book you’ll ever read on economics.

The main premise of the book is …