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More on “free trade” vs. “protectionism”

The BBC wades into the debate over “Buy America” provisions in the U.S. economic-stimulus legislation. This is my favorite quote on the issue to date:

Protectionism is the crack cocaine of economics. It provides an immediate high that leads to economic death. — Richard Fisher, Dallas Federal Reserve president

Interesting link: “Reckless stupidity of Buy American.”

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Tom Mangan posted at 11:32 am February 4th, 2009 |

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