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Scott Lincicome

Mar 23 • 4 tweets • 3 min read

@CatoInstitute

🚨Fewer than 12 hrs left in Round 4 of @CatoInstitute’s #ProtectionistMadness tourney, and 3 of the 4 matchups remain tossups.

In fact, 4-seed apparel protectionism just surged into the lead over 2-seed Foreign Dredge Act.

Will it last?!? Vote here: cato.org/protectionist-…

👀

Apparel back in front! This is what March is all about, folks! cato.org/2023-protectio…

WILD overnight finish: Apparel jussst edged out the Foreign Dredge Act for a trip to the Egregious 8. 50-50 (which means the difference was only a handful of votes - less than 0.1%)

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Scott Lincicome

@scottlincicome

Mar 23

OH REALLY: "Enfamil’s price increases follow the expiration of the U.S. government’s suspension of infant formula tariffs in January, which opened the door for formula (both foreign and U.S.-produced) to become more expensive." forbes.com/sites/conormur…

Could THIS be the momentum that Cinderella 4-seed Baby Formula Restrictions needs to pull off a massive upset in #ProtectionistMadness Round 4? Cast your votes now: cato.org/2023-protectio…

China tariffs solidified their lead a bit, but still 8 hrs to go.

Read 4 tweets

Scott Lincicome

@scottlincicome

Mar 7

Unreal: The people in charge of changing the federal policies that everyone now agrees are crippling the US baby formula market are exploring everything EXCEPT reforming those policies. They just can't seem to figure out what to do, you guys! bloomberg.com/news/articles/…

@CatoInstitute

In fact, our new @CatoInstitute @CatoTrade paper tells them EXACTLY what to do to reform the policies that everyone now agrees are causing the US baby formula problem: cato.org/briefing-paper… /2

But instead of doing something sensible and effective like that, we're getting... a $20B central planning slush fund modeled after the CHIPS Act? Give me a break, man. /x

Read 4 tweets

Scott Lincicome

@scottlincicome

Mar 6

"Companies that give up stock buybacks for 5 years will get preferential treatment in $52B CHIPS program, Commerce Secretary Raimondo says" cnbc.com/2023/03/06/com…
"The program also gives preference to companies that use unionized workers or have labor agreements in place"