Monday, February 02, 2009

File this under: crack cocaine, protectionism, similarities between

Here's a bit on the Dallas Federal Reserve's president talking about the Buy America provisions in the upcoming stimulus bill. And I quote:
"Let me just be blunt. Protectionism is the crack cocaine of economics. It may provide a high. It's addictive and it leads to economic death."
Given the concessions to unions recently, this may be closer to reality than we'd like to think.

4 comments:

Travis Wiseman said...

Also, see http://mises.org/story/3316 for more references to drug usage and policy.

123 123 said...

Cool post as for me. It would be great to read a bit more about that topic. Thanx for giving this info.
Sexy Lady
Female escorts

www.sevilla-3d.com said...

I absolutely match with everything you've presented us.

Cheapest Diablo 3 gold said...

A real good post, We loved it a good deal! I like your fashion sense! Great photos!