There has never been a country with perfectly complete free trade, yet free trade theory and models are what give economists their understanding of what tariffs do.

factualpending

Speaker

George Selgin

Evidence Quote

our understanding of what tariffs do comes from having theorized about free trade we have free trade models free trade theory

Source

George Selgin on Free Banking 11/17/2008EconTalk
Created: 6/15/2026, 9:20:23 AM

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