Quotation of the Day…

by Don Boudreaux on March 14, 2016

in Economics, Trade

… is from page 148 of Paul Krugman’s March 1993 speech “Challenging Conventional Wisdom,” as it is reprinted in Krugman’s brilliant 1996 collection, Pop Internationalism:

What is true in the Washington view, at least in broad terms, is the belief in the virtues of free markets and the evils of protectionism.  There are qualifications to that view, but they are minor compared with the essential correctness of this position.


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