Some Observations and Ideas About Agriculture, Economics, and Policy
Saturday, February 14, 2009
Protectionism Again...
Score one for organized labor in the stimulus bill with the "Buy American" provision. Although this sounds good, it potentially creates the incentive for a downward spiral of protectionist policies.
I am the Larry Combest Endowed Chair of Agricultural Competitiveness at Texas Tech University and the Director of the Cotton Economics Research Institute. I specialize in behavioral economics, price analysis, trade and policy. My opinions expressed here are mine and not those of Texas Tech University.