EU bureaucrats in Brussels have rammed through a so-called Carbon Border Adjustment Mechanism (CBAM), which is euro-speak for a new protectionist tax on imports that are not sufficiently green.

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Here are 4 key arguments.

This windfall for lobbyists will advance cronyism.

Protectionism does not work no matter who does it.

This process has made all of us so much richer than our ancestors.

Poor nations reap big rewards with expanded trade.

One unexpected finding.

How war can teach us economic lessons.

How much of a burden are these policies?