{"id":35556,"date":"2018-04-08T01:00:01","date_gmt":"2018-04-08T05:00:01","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=35556"},"modified":"2018-03-18T10:02:23","modified_gmt":"2018-03-18T14:02:23","slug":"qotd-just-and-unjust-profits","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2018\/04\/08\/qotd-just-and-unjust-profits\/","title":{"rendered":"QotD: Just and unjust profits"},"content":{"rendered":"<blockquote><p>\u201cProgressives&#8217;\u201d hostility to free trade would be amusing were its consequences less baneful: deeply distrustful of the motives of business people, and convinced that profits are ethically suspect, Sandersnistas and many other \u201cProgressives\u201d are in the front lines of the troops who are intent on using trade restrictions to protect business people from competition and, thus, to enhance business people\u2019s prospects of earning <em>excess<\/em> profits \u2013 profits that truly are ethically unjust because they are the fruits of the forced removal from consumers of choices on how they, consumers, may spend their own money.  (Of course, the very same economically damaging and ethically unjust consequences spring from trade restrictions supported by Trumpkins and many other conservatives.  The tales that each of these economically ignorant groups tell to each other to justify their mercantilist policies differ, but the policies and the harmful results are identical.)<\/p>\n<p>Don Boudreaux, <a href=\"http:\/\/cafehayek.com\/2016\/07\/quotation-of-the-day-1790.html\" target=\"_blank\">&#8220;Quotation of the Day\u2026&#8221;, <em>Caf\u00e9 Hayek<\/em><\/a>, 2016-07-30.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>\u201cProgressives&#8217;\u201d hostility to free trade would be amusing were its consequences less baneful: deeply distrustful of the motives of business people, and convinced that profits are ethically suspect, Sandersnistas and many other \u201cProgressives\u201d are in the front lines of the troops who are intent on using trade restrictions to protect business people from competition and, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[831,25,41],"tags":[320,410,1020,266],"class_list":["post-35556","post","type-post","status-publish","format-standard","hentry","category-business","category-economics","category-quotations","tag-freetrade","tag-mercantilism","tag-progressives","tag-protectionism"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-9fu","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/35556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=35556"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/35556\/revisions"}],"predecessor-version":[{"id":35557,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/35556\/revisions\/35557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=35556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=35556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=35556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}