It is best for all of us, in all countries of the world, to have each country and territorial area, and each of the individuals and fi rms within such areas, specialize in the production of what each is relatively most efficient at producing, and then selling those products in exchange for the most efficient products of other fi rms and countries. In short, it is best for all of us to allow the free market, and the international division of labor, to operate across international boundaries (“freedom of trade”). Furthermore, economics shows us that even if another country places artificial barriers on trade, it is still better for us as consumers to allow free trade; any sort of retaliatory tariffs, quotas, or enforced cartels only cut off our noses to spite our faces.
Murray N. Rothbard
Libertarian Forum v. 1, p. 534
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