Bonus Quotation of the Day…

by Don Boudreaux on July 25, 2018

in Trade

… is a recent post by Bob Higgs on his Facebook page:

Suppose you’re a slave, and your master undertakes to beat you more frequently. When you complain, the wise-asses on Facebook berate your intelligence because of your failure to understand that this increase in beatings is only a bargaining tactic by which your master expects to induce other masters to reduce the frequency with which they beat their own slaves. If this “bargaining tactic” makes sense to you, you may be favorably impressed with Trump’s trade policies and related ad hoc actions.


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