Quotation of the Day…

by Don Boudreaux on October 25, 2012

in Crony Capitalism, Trade

… is from page 216 of James Bovard’s 1991 book, The Fair Trade Fraud:

Current American trade law assumes that the government can make the economy stronger by relieving every industrial straggler from the necessity of competing.

It is as if a college student who is unable to earn passing grades in a class in which grades are assigned on a curve convinces his professors that not only will he be made smarter and more learned if he is relieved of having to compete for grades against his smarter and more learned fellow students, but that this policy of giving special privileges to weak students will make the student body as a whole smarter and more learned.


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