Here's the intro: Some think protectionism is a recent phenomenon beginning with the Great Depression, but it has been with mankind since commerce began and always with the same outcome: higher prices for the consumer and the destruction of a portion of an offending country’s production. With this in mind, what follows is a brief review of Economic Sophisms by the French author Frederic Bastiat an important early critic of this vile practice by political leaders pandering for votes.
Click here to read Rick's full article: Economic Sophisms.
And here's Fred:
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