Quotation of the Day…

by Don Boudreaux on March 2, 2017

in Balance of Payments, Myths and Fallacies, Trade

… is from page 88 of my Mercatus Center colleague Dan Griswold’s 2009 volume, Mad About Trade:

imagesThe greatest threat posed by the trade deficit is not anything inherent in its nature but the danger that politicians will  seek to administer protectionist “cures” that would be far more damaging than the imagined harm caused by a macroeconomic statistic.


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