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