This is the Cater Daily Podcast for Tuesday, August 22nd, 2017.

I'm Caleb Brown.

Protectionists don't have many successes to point to.

Consider that the Great Depression was a key turning point against

protectionism so what do protectionists point out as victories for restricting trade?

Doomed to repeat it the long history of America's protectionist failures is the new paper

by Cato adjunct scholar Scott Linsicum.

The paper is available today.

Donald Trump, Robert Lighthizer, Wilbur Ross, and Peter Navarro are the protectionist

triumvirate plus President Trump.

During the campaign, Trump talked about he I don't think he rarely seem to use the word

protectionism he did talk about protection for on behalf of American workers and punishing people who had

done bad things to us by providing their goods at rock- bottom prices.

And where do they point to as success stories of a policy at a particular place, a particular time that succeeded.

Yeah, so the first era is really between the Civil War and the Great Depression,

kind of this great industrial flourishing of the United States

was actually a time of pretty high tariffs in a lot of areas.

Back when the Republican Party was the party of high tariffs, right?

Correct.

And so the first era that's always cited is this golden age of industrialization and protectionism.

So this is a classic causation versus correlation.

Essentially seeing high tariffs and seeing industrial and economic growth and claiming that the former

...