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The Essence of Protectionism

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C. Lowell Harriss, emeritus professor of economics at Columbia University, long ago offered this timeless thought about protectionism:

The general case for freedom in international exchange is like the case against putting sand in the gears of a machine.

(This quotation is found on page 826 of Prof. Harriss’s splendid 1953 book The American Economy [2].)

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