Bonus Quotation of the Day…
(Don Boudreaux)
… is from page 113 of the 2015 Fourth Edition of Dartmouth economist Douglas Irwin’s superb book Free Trade Under Fire:
It is sometimes said that free trade is right in theory but wrong in practice. Actually, the opposite is true. Any clever graduate student in economics can quickly come up with half a dozen reasons why free trade fails as a theoretical proposition. In theory, lots of things can happen. In practice, the economic benefits of trade and the costs of protection are tangible.
Source: https://cafehayek.com/2022/04/bonus-quotation-of-the-day-759.html
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