Bet On It β’ 392 implied HN points β’ 26 Feb 26
- Modern protectionism is inconsistent and ad hoc: it attacks both buying from foreigners and selling to them depending on which group complains, rather than following a clear principle.
- Exports like housing, tourism, and energy can raise local prices and spark backlash, but that same price effect would apply to any export, so singling out certain sales is arbitrary.
- Trade is a form of technology that creates abundance and overall gains, and since progress always hurts some people, the wiser response is to boost production and help the losers rather than block trade.