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Recycling gains from tariffs offers lesson for other industries

Guest Commentary


The first law of economics is Murphy’s Law. The second, right behind Murphy, is the Law of Unintended Consequences, which says: “Any outside input into the free market tends to disrupt its normal flow.”

The free market can be visualized as an intricate web of connections, kind of like a spider’s web. The spider can feel a fly at the very extreme edge of the web and reacts to secure a meal. The market also feels the slightest outside influence and reacts in ways that can only be predicted in hindsight. More often than not, the reaction has a negative result. On rare occasion, however...

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