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Quotation of the Day…

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… is from page 529 of Douglas Irwin’s great 2017 book, Clashing Over Commerce [2]; Doug quotes President Lyndon Johnson’s recollection, in LBJ’s 1971 memoirs [3], of his administration’s involvement in the Kennedy Round [4] of trade talks – a round of trade talks that resulted in a further opening of global markets, including America’s (citation omitted):

Johnson believed that “we had bargained hard and patiently,” but recognized that members of Congress “would soon hear complaints from nervous special-interest groups back home, though they probably would hear little from the vast majority of constituents who would benefit from the trade agreement.”

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