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Quotation of the Day…

… is from chapter 1 of William Graham Sumner’s 1885 book, Protectionism: the -ism Which Teaches that Waste Makes Wealth:

Protectionism then is an ism, that is, it is a doctrine or system of doctrine which offers no demonstration, and rests upon no facts, but appeals to faith on grounds of its à priori reasonableness, or the plausibility with which it can be set forth.