Quotation of the Day…

(Don Boudreaux)

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… is from page 83 of Daniel Oliver’s essay, “Protectionism,” which is Chapter 18 in the 1987 collection Trade Policy and U.S. Competitiveness (edited by Claude E. Barfield and John H. Makin):

To sum up, protectionism is not justified by a trade deficit, and protectionism does not save jobs. Trade restrictions will always be special-interest policy, the sacrifice of the general welfare for the benefit of a politically powerful minority.

DBx: Pictured here is Dan Oliver.