A Protectionist is Someone Who…

by Don Boudreaux on February 20, 2018

in A Protectionist is..., Trade

… if he sells an automobile to a stranger for cash, believes that the value of this exchange for him is maximized if he stashes every bit of the cash into his mattress and never, ever spends it.  That is, this protectionist believes that he would make himself worse off if ever he would spend any of the cash on goods and services that would improve his standard of living.  This protectionist also believes that the automobile buyer is a gullible sucker or irresponsible fool for parting with cash in exchange for a good that she, the stranger, didn’t produce with her own two hands.


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