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Bonus Quotation of the Day…

… is from page 335 of Columbia University economics professor Arvind Panagariya’s excellent and important 2019 book, Free Trade and Prosperity; this quotation is the title of this book’s “Appendix 2”:

There is no logical case for infant industry protection.

DBx: In this brilliant book, Professor Panagariya (pictured here) demolishes – patiently, clearly, and thoroughly – the core arguments for protectionism.


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