Thursday, 4 February 2016

Quote of the Day: On tariffs and cronyism

 

“The tariff … [is simply] an elaborate system by which corporate interests
‘get control of legislation in order to tax their fellow-citizens for their own benefit.’”

~ William Graham Sumner, from his 1906 book
Folkways: A Study of Mores, Manners, Customs and Morals,
as quoted in Thomas Leonard’s 2016 book
Illiberal Reformers: Race, Eugenics, and American Economics in the Progressive Era

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