Monday, August 13, 2007

Protectionism is . . . .

Don Boudreaux:
"Protectionism" ultimately rests upon the threat to use violence against innocent persons engaged in peaceful commerce. Most of the time the coercive nature of protectionism is concealed -- out of view -- because consumers and producers harmed by it are deterred by the threat of violence from freely trading: the coercive nature of protectionism remains largely hidden. The thieves persuade the state to perform the threats; it all looks so clean and antiseptic and 'policy-ish.'

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