Quote of the Day: 3 March 2025 #QtoD

“Today, as always, there is much support for tariffs—euphemistically labeled ‘protection,’ a good label for a bad cause.” -Milton Friedman
[The threat of tariffs has recently been used effectively. But that doesn't make them a good thing. They are largely a tax on the citizenry of the country levying the tariffs, and hit in unexpected ways. We would be better off economically by eliminating tariffs.]