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Quotation of the Day…

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… is from page 71 of the 1969 Arlington House edition of Ludwig von Mises’s 1944 Yale University Press book, Omnipotent Government: The Rise of the Total State and Total War [2] (available free-of-charge on-line here [3]):

If the government were sincere in its antimonopolistic gestures, it could find a very simple remedy. The repeal of the import duty would brush away at one stroke the danger of monopoly. But governments and their friends are eager to raise domestic prices. Their struggle against monopoly is only a sham.

DBx: Yes indeed.

Anyone who asserts the need to use antitrust as a means of combating monopoly and who also endorses – or even refuses to speak out against – protective tariffs is someone who is so deeply inconsistent or ill-informed that you can, and should, ignore all that he or she pronounces on economic matters.

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