One Way to Help with the Rebuilding after Katrina
Brian Ferguson writes at Canadian Econoview that the rebuilding in the US South is going to increase the demand for lumber tremendously.
As the demand for materials to rebuild the Gulf coast places upward pressure on, for example, lumber prices, perhaps this would be a good time for the US to eliminate that tariff on Canadian softwood lumber? I've argued that tax cuts on gas won't bring the price of gas down beyond the very short run, but I suspect that lumber is more elastic in supply than gas, so a tariff cut might help.
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