Wednesday, 28 March 2018

QotD: "Those who carry on trade always try to rid themselves of competition..."


"Those who carry on trade always try to rid themselves of competition; they always produce some sophistical arguments to prove that it is to the interest of the State to rid them at least of foreign competition, which they have no difficulty in representing as the enemy of national trade."~ French economist ARJ Turgot in a 1754 letter to Controller-General of Finances AbbĂ© Terray
[Hat tip Cafe Hayek]
.

No comments:

Post a Comment

We welcome thoughtful disagreement.
But we do (ir)regularly moderate comments -- and we *will* delete any with insulting or abusive language. Or if they're just inane or off topic. It’s okay to disagree, but pretend you’re having a drink in the living room with the person you’re disagreeing with. This includes me.
PS: Have the honesty and courage to use your real name. That gives added weight to any opinion.