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Quote by Paul Craig Roberts

“Tariffs protect ill-considered government policies, such as costly regulations and high taxes on labor and capital that make our goods uncompetitive in international markets.”

Quote by Paul Craig Roberts

Author

Paul Craig Roberts
Paul Craig Roberts

Paul Craig Roberts is an American economist born on April 3, 1939. He has extensive research and teaching experience in the field of economics and has served as the Assistant Secretary of the Treasury and an advisor to the Federal Reserve. Roberts is known for his support of free-market economics and his criticism of globalization. more

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“The great blessing of private property, then, is that people can benefit from their own industry and insulate themselves from the negative effects of others' actions. It is like a set of invisible mirrors that surround individuals, households or firms, reflecting back on them the consequences of their acts. The industrious will reap the benefits of their industry; the frugal the consequences of their frugality; the improvident and the profligate likewise. They receive their due, which is to say they experience justice as a matter of routine.”