Friday, September 17, 2010

Quote of The Day: Principles of Free Trade

A fantastic quote from Professor Don Boudreaux,

The principles of free trade demand that no government punish its own citizens with trade restrictions. Ever. Even if another government, such as China’s, harms its citizens by forcing them to pay tariffs or subsidies, the principles of free trade demand that our government nevertheless refrain from inflicting like harm on us.

Free trade is the principle that people should be free to spend and to invest their money as they see fit. Period. That principle is in no way contingent upon its acceptance or rejection by other governments.

Exactly.

Another way to say it is that TWO wrongs DO NOT make a right. And this the most common logical fallacy employed by superficial thinking naive protectionists.

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