John Crowley, CC BY-SA 2.0, via Wikimedia Commons
There is a baby formula shortage in the U.S. today. This shortage has persisted for about a year. One way to get more formula on the shelves is to relax U.S. restrictions on imports. Scott Lincicome details the lunacy of the approach Congress is taking to this situation.
Hint: they could just repeal the tariffs and other trade restrictions. That doesn’t seem to have occurred to the geniuses in Congress. For those interested in a more detailed exposition, Scott has teamed up with Gabriella Beaumont‐Smith and Alfredo Carrillo Obregon to write a nice piece for Cato. For you impatient readers, here’s Scott’s Twitter thread on the subject.
