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

Bonus Quotation of the Day…

Tweet [1]

… is from page 261 of 2014 Economics Nobel laureate Jean Tirole’s 2017 book, Economics for the Common Good [2]:

Protectionism takes away the benefits of international specialization, and it removes the stimulus of competition, which pushes companies to improve themselves rather than profit from captive consumers.