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“Like the trade that’s carried out using cargo ships, all trade – from the simplest to the most complex – works wonders. Trade allows each of us to turn our unique talents into the fruits of the talents of everyone with whom we trade.” ~ Donald J. Boudreaux
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“Madison and Jefferson were both still alive when Henry Clay outlined his American System platform in 1824. Contrary to the NatCon claims, neither founding father approved of Clay’s proposals. In fact, both condemned it as a constitutional overreach by the federal government.” ~ Phillip W. Magness
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“You’ve heard the aphorism ‘one person’s trash is another person’s treasure.’ Trade turns trash into treasure by getting it out of one set of hands and into another.” ~ Art Carden
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“Paying more to produce goods domestically that could be acquired cheaper from elsewhere, wastes resources, kills jobs in other industries, and makes us poorer as a result.” ~ Brian Balfour
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“People who have actually experienced the ‘security’ that comes from insulation from market forces understand that the price they pay for this ‘security’ is far too high.” ~ Donald J. Boudreaux
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“There is no plausible case to be made that for us Americans to improve our comparative advantages we need government to protect us from foreign competition.” ~ Donald J. Boudreaux
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“Unlike market participants guided by prices, politicians and administrators literally have no reliable information to guide them. They will therefore be guided exclusively by their own biases and hunches.” ~ Donald J. Boudreaux
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“As Henry Hazlitt reminds us, the art of economics consists not merely in looking at the effects on the most visible groups, but in tracing the effects on everyone.” ~ Art Carden
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“Free trade does indeed enrich the world. But it also, and chiefly, enriches the people of each country that practices it, regardless of the policies pursued elsewhere.” ~ Donald J. Boudreaux
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“The only jobs protected are those in the politically favored companies whose inefficiencies are protected from competition at the expense of other domestic jobs lost and higher prices on consumers.” ~ Brian Balfour
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“Once the reality of a libido for the superficial is admitted, many phenomena are better understood. For example, it’s easy to understand, and excuse, intellectually unengaged people falling for protectionist fables.” ~ Donald J. Boudreaux
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“To make up lost revenue, the US industry may become more dependent on government largesse and ultimately less vibrant and dominating. Ultimately, making policy more like China risks turning US industry into something more like China’s.” ~ Doug Bandow
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