The U.S. tariff code is "quite regressive and somewhat misogynist" because the most powerful lobbyist in Washington is muscle memory.
Podcast: Why We Can't Have Nice Things
A six-part Reason magazine podcast series about the frustrating and foolish aspects of American trade policy that make everyday items more expensive. From last year's sudden shortages of baby formula to the Jones Act and President Lyndon Johnson's infamous "Chicken War," host Eric Boehm sits down with industry experts and libertarian policy wonks to explore how these counterproductive rules got made – and explain why they can be so difficult to undo.
A combination of "absurdly high" federal tariffs and excessive FDA regulations created the conditions for a crisis.