ON TARIFFS, hold the hysteria.

[I]t isn’t as though tariffs and import quotas have become extinct. Imported clothing is subject to tariffs averaging 10% to 15%, and we have a domestic sugar beet industry, I believe, only because of quotas on cane sugar from the Caribbean. I haven’t noticed the press agitating to get rid of the tariffs we already have, even though the same economic arguments they now make–newly-discovered in some cases–would apply equally. Nor do I recall the press rushing to condemn Bernie Sanders’ protectionist views during the 2016 campaign.

This is all about President Trump, of course. If Trump came out for a big increase in the minimum wage, the Washington Post would suddenly realize that it would increase unemployment among minority youths.

Even the 'fair and balanced' Fox News cable channels have gone berserk over the tariffs. Let's calm down, people. The world isn't ending ... yet.