India Uncut
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Monday, June 20, 2005
India Uncut Aphorism 11
We cannot increase employment by restricting trade.1028 economists, in a protest letter against the Hawley-Smoot tariff bill, shortly before it was signed on June 17, 1930. Quoted recently in "A day of import" by Thomas Sowell
, that warns against the USA repeating such a huge mistake. The truism quoted above has universal relevance, though.(Link via Cafe Hayek.)
More Nuggets and Aphorisms here.
