Jan 18, 2020

Tom DiLorenzo on Lincoln's economic ignorance regarding protectionist tariffs (in his own words)

LINCOLN WAS ECONOMICALLY IGNORANT OF THE BIG ECONOMIC ISSUE OF HIS DAY: PROTECTIONIST TARIFFS

“[A] tariff of duties on imported goods . . . is indispensably necessary to the prosperity of the American people.” (The Collected Works of Abraham Lincoln, Vol. I, p. 307.)

“[B]y the tariff system . . . the man who contents himself to live upon the products of his own country, pays nothing at all.” (CW, Vol. I, p. 311).

“All carrying . . . of articles from the place of their production to a distant place for their consumption . . . is useless labor.” (CW, Vol. I, p. 409).

“I was an old Henry Clay tariff whig. In old times I made more speeches on that subject, than on any other. I have not changed my views.” (CW, Vol, III, p. 487).

“The tariff is to the government what a meal is to a family . . .” (CW, Vol., IV, p. 211).

“I must confess that I do not understand the subject [the economics of tariffs].” (CW, Vol. IV, p. 211).

~ Tom DiLorenzo, "The Real Lincoln in His Own Words," LewRockwell.com, June 5, 2013

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