Tuesday, September 04, 2012

The Statist Propositions of Protectionism - Gary North - Mises Daily

The Statist Propositions of Protectionism - Gary North - Mises Daily: "The further a nation goes on the road toward public regulation and regimentation, the more it is pushed toward economic isolation. International division of labor becomes suspect because it hinders the full use of national sovereignty."

"Free trade is a crucial economic policy in the program to restrict the growth of socialism." "He recognized the threat of all arguments for protectionism: they help to expand the power of the state. They move in the direction of central economic planning."

"the God of the Bible is overwhelmingly the defender of private property rights. This is encapsulated in the commandment: "Thou shalt not steal." I keep contrasting this concept with the assertion of all modern welfare-state economists: "Thou shalt not steal, except by majority vote." "