Tweet… is from chapter 1 of William Graham Sumner’s splendid 1885 book, Protectionism: the -ism Which Teaches that Waste Makes Wealth (footnote deleted): What then is a protective tax? In order to join issue as directly as possible, I will quote the definition given by a leading protectionist journal, of both free trade and protection. […]

Cafe Hayek

22.01.2025

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TweetThe Wall Street Journal‘s Editorial Board decries the blatant lawlessness of the final hours of Biden’s reign of error. Two slices: President Biden’s parting shot to democratic norms was announced Monday at 11:38 a.m., or 22 minutes before his constitutional term ended at high noon. Citing “unrelenting attacks” on his family, Mr. Biden issued pre-emptive, […]

Cafe Hayek

23.01.2025

Quotation of the Day... - Cafe Hayek

Tweet… is from page 302 of Thomas Sowell’s 2002 collection, Controversial Essays: Because of the neglect of history in our educational system, most people have no idea how many of the great American fortunes were created by people who were born and raised in worse poverty than the average welfare-recipient today. DBx: Yes. And note […]

Cafe Hayek

23.01.2025

Some Links - Cafe Hayek

TweetJack Nicastro is correct to point out that “Trump must choose: tariffs or lower prices.” A slice: Though the details of Trump’s tariffs remain uncertain, he promised in his inauguration speech to establish an “External Revenue Service [ERS] to collect all tariffs, duties, and revenues,…massive amounts of money” from foreign sources. The Secretary of the […]

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Quotation of the Day... - Cafe Hayek

Some Links - Cafe Hayek

Quotation of the Day... - Cafe Hayek

Some Links - Cafe Hayek

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