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Bonus Quotation of the Day…

… is from page 191 of W. Michael Cox’s and Richard Alm’s still-important 1999 volume, Myths of Rich & Poor:

Competition mobilizes. Protection immobilizes.

DBx: A big message succinctly stated.

Cox and Alm go on to say, on the same page, about protectionism that “[i]t safeguards only the status quo, at the high cost of crimping and eventually strangling progress.”