Delusion of Protectionism

by Don Boudreaux on January 10, 2010

in Myths and Fallacies, Seen and Unseen, Trade

Boston Globe columnist Jeff Jacoby reveals the old delusion of protectionism.  Here’s a key passage:

Free trade isn’t a battle that countries (or states) win or lose. It is a human right – the liberty to engage in voluntary transactions that leave both participants better off. If John wants to sell something that Mary wants to buy, it should make no difference to the lawfulness of their exchange whether they are residents of different neighborhoods, different states, or different nations.


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