Protectionism

Jack Nicastro | 10.4.2024 11:37 AM

In a rare instance of agreement, Republicans and Democrats have converged on the idea that "Buy American" provisions should be expanded in order to increase American jobs. But a new paper finds that existing federal rules impose high costs on consumers.

A September 2024 working paper published by the National Bureau for Economic Research (NBER) found the Buy American Act has created more than 50,000 jobs. Just one catch: Each one of those jobs costs the economy more than $100,000.

The Buy American Act........

© Reason.com