Thursday, 27 August 2020

"Protectionism, by definition and design, makes goods rarer and more expensive. The Money-Maker[by contrast] makes goods abundant and affordable, not conserving the incompetent at the expense of the competent." #QotD

"Protectionism, by definition and design, makes goods rarer and more expensive. The Money-Maker[by contrast] makes goods abundant and affordable, not conserving the incompetent at the expense of the competent."
~ Bruce Andrew, summarising a point from  Ayn Rand's talk on 'The Money-Making Personality,' which implicitly rejects the fallacies of protectionism
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