world-dependent-international-trade-commerce-heavy-load-international-debt

In a world dependent on international trade and commerce, and staggering under a heavy load of international debt, no policy is more destructive than protectionism. It cuts off markets, eliminates trade, causes unemployment in the export industries all over the world, depresses the prices of export commodities, especially farm products of the United States. It is the crowning folly of government intervention.

0/5 (0)

Hans F. Sennholz's Popular Quotes

0 Comments

Login to join the discussion