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Quotation of the Day…

is from page 83 of Daniel Oliver’s essay, “Protectionism,” which is Chapter 18 in the 1987 collection Trade Policy and U.S. Competitiveness (edited by Claude E. Barfield and John H. Makin):

To sum up, protectionism is not justified by a trade deficit, and protectionism does not save jobs. Trade restrictions will always be special-interest policy, the sacrifice of the general welfare for the benefit of a politically powerful minority.

DBx: Pictured here is Dan Oliver.