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Quotation of the Day…

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… is from Pres. Andrew Johnson’s February 22nd, 1869, message (available here) to the United States House of Representatives explaining his veto of a tariff on copper; this veto message was drafted by the American economist David Wells: [I]t imposes an additional tax upon an already overburdened people, who should not be further impoverished that monopolies may be fostered and corporations enriched…. Legislation can neither be wise nor just which seeks the welfare of a single interest at the expense and to the injury of many and varied interests at least equally important and equally deserving the consideration of Congress. Comments

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… is from Pres. Andrew Johnson’s February 22nd, 1869, message (available here) to the United States House of Representatives explaining his veto of a tariff on copper; this veto message was drafted by the American economist David Wells:

Quotation of the Day…[I]t imposes an additional tax upon an already overburdened people, who should not be further impoverished that monopolies may be fostered and corporations enriched….

Legislation can neither be wise nor just which seeks the welfare of a single interest at the expense and to the injury of many and varied interests at least equally important and equally deserving the consideration of Congress.

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Don Boudreaux
He is a professor of economics at George Mason University in Fairfax, Virginia. Previously, he was president of the Foundation for Economic Education.

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