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A Tradition of Larceny

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My good and very talented friend Andy Morriss [2], a professor of Law and of Economics at Case Western Reserve University, frequently writes letters to the editors of newspapers and magazines.  (I do, too, by the way.)  I especially like this letter that Andy sent a few days ago to the Wall Street Journal.

It should be read along with Russ’s earlier post [3] on this matter.

Sirs,

Since 1972, the Committee for the Implementation of Textile Agreements (CITA) has been a powerful bureaucracy dedicated to the interests of domestic textile firms with “a protectionist bent.” (“How Textiles Won Quotas,” November 10) You report that “by tradition” CITA is headed by a political appointee “with ties to the textile industry.” I must disagree with your use of the word “tradition” in this context. A special holiday meal eaten each year is a tradition. Having a series of political hacks impoverish American consumers for more than thirty years is grand larceny, not a tradition.

Andrew P. Morriss

Galen J. Roush Professor of Business Law & Regulation

Case School of Law

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