Archive for the 'Henry Hazlett' Category

We are told that protective tariffs are necessary to save jobs. We are told that high-wage countries like the United States cannot compete with low-wage countries like Vietnam and China. We are told that the dumping of products needs to be addressed with protective tariffs. But we are never told the whole truth. Politicians and mainstream news outlets never really evaluate the whole picture when it comes to tariffs. They never explain who really pays. They never ask the question: What about the consumer?

Listen to learn the truth about tariffs?

Show Notes:

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We are going to tackle the minimum wage issue with facts, figures, economic laws, and logic rather than, what we usually get - emotional calls for the wage rate increase using illogical arguments that are in direct opposition to economic law.

I want to start with a quote by Thomas Sowell from his epic book, Basic Economics that really lays the foundation for this discussion. On page 237 he said:

By the simplest and most basic economics, a price artificially raised tends to cause more to be supplied and less to be demanded than when prices are left to be determined by supply and demand in a free market. The result is a surplus, whether the price that is set artificially high is that of farm produce or labor.”

Show Notes:

Fee.org

The Truth Quest Podcast Patron Page

Join the conversation at The Truth Quest Facebook Fan Page

Order a copy of Shawn's books - Pritical Thinking, The Proverbs Project, The Termite Effect.

The video of this episode is available on The Truth Quest Podcast YouTube channel and on BitChute.

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