Bonus Quotation of the Day…

by Don Boudreaux on January 3, 2018

in Trade

… is from Caroline Baum’s just-published essay, “What could go wrong in 2018? Plenty“:

[M]ercantilism – using scarce resources to produce goods for other nations.

DBx: I would amend Caroline’s description only by adding that mercantilism is the forced use of scarce resources to produce goods for other nations.

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