A Protectionist is Someone Who…

by Don Boudreaux on February 21, 2018

in A Protectionist is..., Balance of Payments, Trade

… warns of the grave dangers to the neighborhood if a family on the next street refuses to save and thus prevents additional resources from being channeled into a neighborhood factory, and who warns of the grave dangers to the neighborhood if a family in the next town chooses to save in a way that channels additional resources into the very same neighborhood factory.

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