catallaxy files

catallaxy in technical exile

Life imitating art (sort of)

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From the Cato blog:

    One of the most famous documents in the history of free-trade literature is Bastiat’s famous “Candlemakers’ Petition.” In that parody, the French economist and parliamentarian imagined the makers of candles and street lamps petitioning the French Chamber of Deputies for protection from a most dastardly foreign competitor [i.e. the sun]….

    Last month, Sen. Hillary Rodham Clinton and nine colleagues (ranging from Barbara Boxer to Tom Coburn) endorsed a petition from — you guessed it — the domestic candlemaking industry asking the secretary of commerce to impose a 108.3 percent tariff on Chinese candle producers …

    But perhaps the comparison is unfair. After all, Clinton and the National Candle Association aren’t asking for protection from the sun, only from Chinese candle producers who are allegedly “dumping” candles in to the American market “at less than fair value.”

Read the whole thing.

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Written by Admin

June 24, 2006 at 6:56 pm

Posted in Uncategorized

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