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A friend in need is a friend in deed.(Letter to the Editor)
William Jasper's "Last Word" from the April 4 issue would do Chicken Little proud. I thought you folks believed in freedom. He assails Communist China for the dastardly perfidy to sell Americans so many billions of textiles now that import quotas are gone. Who do you think is buying? Free Americans! The spectacular 1000% increase in trouser sales has an exactly correlated increase in prosperity for trouser consumers in America. And your solution is to remove freedom from Americans so uncompetitive U.S. industries can survive with the help of coercive government. I have news for you. A nation cannot tax or tariff itself into prosperity.
As for the national security argument, what better way is there to destroy an enemy than to make him a friend? And what better way is there to make a friend than to serve him in trade? China could never afford to wage war against the U.S. because we are their best customers.
Protectionism is a ...
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