Bonus Quotation of the Day…

by Don Boudreaux on December 6, 2016

in Economics, Myths and Fallacies, Science, Trade

… is from page 164 of Steven Landsburg’s 1997 book, Fair Play:

51ofd00dxjl-_ac_us320_ql65_Education means learning to ask “Is it plausible?” in an intelligent way.  Often, this means finding the right thought-experiment.  For example, it is sometimes said that Japanese car manufacturers make Americans worse off through the practice of “dumping” (selling cars for artificially low prices).  Having been told such a thing, the successfully educated person might pause to consider whether the Japanese could make Americans worse off by giving every U.S. citizen a free Lexus.  Having performed that thought-experiment, who can go on believing the dumping hurts Americans?

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