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Quotation of the Day…

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… is from Art Carden’s July 8, 2011 Forbes essay, “Price Controls Make A Statement About Society [2]“:

The Foundation for Economic Education’s Sheldon Richman once said that advocating policies when you don’t understand their unintended consequences is “the intellectual equivalent of drunk driving [3].”   If you’re advocating price controls and don’t understand what the laws of supply and demand have to say about your proposal, you aren’t courageous or compassionate.  You’re dangerous.