Quotation of the Day…

(Don Boudreaux)

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… is from page 311 of Deirdre McCloskey’s excellent 2019 book, Why Liberalism Works: How True Liberal Values Produce a Freer, More Equal, Prosperous World for All:

Protectionism in foreign trade has regularly damaged a great many poor people and helped a few rich people. Protectionism in domestic trade, as in the US farm program and the EU’s agricultural policy, has done the same.