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Thursday, February 09, 2006
Government Logic
Bob's article on long gas lines (see below) inspired the following thought: When the US wanted to punish Iraq, they applied sanctions, i.e., forbid Iraq many imports. But many of the same people who implemented that policy, when they want to strengthen the US economy, forbid various imports (i.e., impose tariffs and import quotas).
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As Henry George said, protection teaches us to do to ourselves in time of peace what the enemy tries to do to us in time of war.
ReplyDeleteAnd today's paper bemoans the rising trade deficit, when greater imports than exports should be a welcome sign of relative wealth.
ReplyDeletePeace,
Tor
Illogical refusal to utilize domestic oil supply and maximize production/refinement capabilities portends future gas lines.
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