Quotation of the Day…

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… is from page xi of Francis W. Hirst‘s 1927 book, Safeguarding and Protection:

Common sense tells us that restraints on business are generally bad, that red tape strangles enterprise, that taxes on goods in transit will reduce the volume of transactions, that wage earners will suffer if the things they buy are made artificially dear, that legislation to increase the cost of living and production must be especially disastrous to a populous manufacturing and commercial country like ours.

DBx: Yep.

Unfortunately, these days this common sense isn’t common; it’s rare. Perhaps ironically, those who today most vocally insist upon this common sense are dismissed as “elites.” Go figure.