Quotation of the Day…
by Don Boudreaux
on March 14, 2019
… is from page 208 of my Mercatus Center colleague Dan Griswold’s superb Winter 2019 Cato Journal article, “Assessing President Trump’s Trade Priorities”:
The Trump administration’s fears about China betray a fundamental lack of confidence in the American model of a free and open economy. The White House trade team has yet to receive the memo that central planning lost its Cold War confrontation with the more open free-market democracies of the West. China’s government can draw up any plan it wants about dominating key industries, but central planning will not make it a reality.
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