Quotation of the Day…

by Don Boudreaux on December 4, 2021

in Hayek, Trade

… is a response that F.A. Hayek – in May of 1945, after a talk that he delivered in Washington, DC – offered to a question about tariffs (as quoted on page 20 of Bruce Caldwell’s splendid Introduction to the 2007 Definitive Edition [Bruce Caldwell, ed.] of Hayek’s classic 1944 book, The Road to Serfdom):

If you have any comprehension of my philosophy at all, you must know that one thing I stand for above all else is free trade throughout the world.

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