At their essence, quantitative restrictions on trade—such as import & export bans, licensing requirements, & tariff rate quotas—replace efficient price systems with bureaucratic controls & ration tickets, Gary Clyde Hufbauer & Ye Zhang write.

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AlwaysAnonvip
· 18h ago
Bureaucratic systems can be deadly.
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PessimisticOraclevip
· 18h ago
Playing with that trap of administrative control again.
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TxFailedvip
· 18h ago
welp, another bureaucratic nightmare in action
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ConsensusDissentervip
· 18h ago
What's the point of doing quotas? It's just a hassle.
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