- Cafe Hayek - https://cafehayek.com -

Bonus Quotation of the Day…

Tweet [1]

… is from a 1758 letter that Turgot [2] wrote to Abbé Terray, as quoted in Chapter 1 of the Mary Agnes Hamilton translation of Yves Guyot’s 1906 The Comedy of Protection [3]:

Those who carry on trade always try to rid themselves of competition; they always produce some sophistical arguments to prove that it is to the interest of the State to rid them at least of foreign competition, which they have no difficulty in representing as the enemy of national trade.