Many folks believe that if you are affected by economic decisions, you should have a say in those decisions. #socialism #coasetheorem #participatoryeconomics #paracon

No86

Federalist Society No.86 #LawAndEcon Video #7:

🎓 Prof. Todd Zywicki of Antonin Scalia Law and @masonlec.bsky.social breaks down #CoaseTheorem from the 1960's revolutionary #LawAndEconomics paper by #RHCoase “The Problem of Social Cost.”

🎧 Listen then 🎯 "I get it!"
no86.fedsoc.org/posts/the-co...

6/ In short:
#Tariffs = blunt & costly. Coasean bargaining = efficient & cooperative. Trade wars do not stop illegal crossings - smart policies do. #CoaseTheorem

The chosen path via trade policy to improve border security is definitely not efficiency!