Said the National Planning Association last week: "The belief that the future prosperity of the American economy depends on high tariffs is a myth."
In these forthright words N.P.A. trampled on the cherished fetish of many a U.S. businessman and farmer. In place of rigid protectionism, the Association blue-printed its own plan for a booming postwar trade. Nub of the plan: Expansion of foreign trade by a scaling-down in U.S. tariffs. Said the Association: "The fear that competition with 'cheap foreign labor' would destroy American labor standards and the American standard of living is without real substance."
The Association also called...
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