One of the greatest burdens of the historian is knowing just how much has been sacrificed, just how much is at stake, and just how small his own life is compared to everything that’s preceded him; and, despite it all, knowing his duty to at least attempt to understand and transcribe the past, while coping with both the odds consistently stacked against the knowing and the fact that his own life will scarcely measure up to the great feats throughout a history he knows too well.
Over the course of President Trump’s two terms, there has been much talk around the matter of tariffs — taxes on imported goods. However, much of the talk seems to miss the point. After all, for those of us who seek the truth, it’s not really a question of whether tariffs are ‘good’ but whether they are preferable to other kinds of taxes — assuming, of course, that taxes are the rule, as certain as the eventuality of death. First, let’s establish the theory: beyond the generic purpose of revenue generation for the state, the institution of tariffs ordinarily serves to reduce (or discourage) imports by making them artificially more expensive, while encouraging domestic production by making domestic products more appealing on a relative price basis. In the realm of foreign affairs, tariffs are instituted or threatened in the course of international trade negotiations in order to signal dissatisfaction with existing trade barriers and to push for more favorable trade terms; or in ord...
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