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Left Hand and Right Hand

 Donald Boudreaux at Cafe Hayek argues effectively (again) that protectionist trade practices are self defeating.  Referring to the great economist Fritz Machlup he says:

"Fritz Machlup said in class at NYU back in 1981 that arguments for protectionism, when followed through to their logical conclusion, always ‘prove’ that a person’s right hand should not trade with that person’s left hand."

No more argument is needed.

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