The Economists versus The Special Interests—Mises

[Advocates for tariffs and trade controls often claim that tariffs are good “for everyone” because they ultimately lead to more production and wealth creation for everyone in the economy. In Chapter 2 of Theory and History, Ludwig von Mises notes that interventionist policies designed to benefit a certain interest group (e.g., tariffs) fail to obtain the goals claimed, and thus are not good “for everyone” after all. -Ed.]