TweetA nation no less than a household is made poorer by producing itself those goods and services that it can acquire at lower costs through trade. It is the unenviable lot of the protectionist to try to explain why this reality is untrue. …….. Editor, Yahoo!finance Editor: Michael Gallagher gets much right in his essay […]

Cafe Hayek

20.12.2024

Quotation of the Day... - Cafe Hayek

Tweet… is from page 90 of Thomas Sowell’s 1999 book, Barbarians Inside the Gates: Democracy and freedom are too often confounded. DBx: Yes. Democracy is not a synonym for freedom. Nor is democracy a sufficient condition for freedom. Indeed, democracy can be – and sometimes has been – an obstacle to freedom. Whatever the merits […]

Cafe Hayek

21.12.2024

Quotation of the Day... - Cafe Hayek

Tweet… is from page 326 of Richard Epstein’s magnificent 1995 volume, Simple Rules for a Complex World: Law’s stock in trade is the use of collective might, and the sanctions that it imposes must be reserved for the most serious of social violations – which typically involve using force and not keeping serious contractual engagements. […]

Cafe Hayek

21.12.2024

Some Links - Cafe Hayek

TweetDavid Henderson patiently explains that some tariffs proposed by Trump “will hurt Americans and Canadians alike.” Two slices: Am I subsidizing Safeway? Why would I ask? Here’s why. My wife and I spend at least $400 a month at Safeway. Safeway doesn’t buy anything from us. So, our monthly trade deficit with Safeway is at […]

home›Cafe Hayek

Cafe Hayek

Economy

The British Were Not Enriched By Mercantilism - Cafe Hayek

Quotation of the Day... - Cafe Hayek

Quotation of the Day... - Cafe Hayek

Some Links - Cafe Hayek

home
›
Cafe Hayek