Bonus Quotation of the Day…
by Don Boudreaux
on December 24, 2017
… is from Chapter 9, paragraph 25 of Henry George’s 1886 volume, Protection or Free Trade:
The making of a tariff, instead of being, as the protective theory requires, a careful consideration of the circumstances and needs of each industry, is in practice simply a great “grab” in which the retained advocates of selfish interests bully and beg, bribe and log-roll, in the endeavor to get the largest possible protection for themselves without regard for other interests or for the general good. The result is, and always must be, the enactment of a tariff which resembles the theoretical protectionist’s idea of what a protective tariff should be about as a bucketful of paint thrown against a wall resembles the fresco of a Raphael.
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