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.


Travis Wiseman said...

Also, see for more references to drug usage and policy.

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