Mankiw o protekcionizmu

Greg Mankiw ima odličan tekst u New York Timesu o protekcionizmu nove američke administracije. Meni se najviše svidelo sledeće zapažanje:

"Like many economists, I cringe whenever I hear the term “fair trade.” It is not that I am against fairness — who is? — but the word “fair” is so amorphous in this context as to defy definition. Most often, the slogan “fair trade” is little more than a rallying cry for protectionism."