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Politics : Libertarian Discussion Forum

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To: MeDroogies who wrote (385)7/2/1998 12:38:00 AM
From: Daniel W. Koehler  Read Replies (1) of 13060
 
MeDroogies

I'm with you on the issue of the South and the Civil War. Robert Higgs, a noted historian and Libertarian, spoke on the economic roots of the Civil War at a Von Mises Society meeting I attended in Las Vegas several years ago. According to Higgs, the protective tariffs imposed by the North at that time protected the inefficient New England textile mills against cheaper, better quality textiles made in the then state-of-the-art mills in England. This reduced England's imports of Southern cotton and hurt the South economically such that it contributed greatly to the secessionist sentiment especially when the North refused to remove the tariff.

Government can basically do two things well - tax the productive and subsidize the less productive. Here's a case of subsidization contributing to our greatest national tragedy.

Ciao,

Daniel
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