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Quotation of the Day…

… is from page 39 of my colleague Bryan Caplan’s brilliant 2007 volume, The Myth of the Rational Voter (original emphasis; footnote deleted; link added):

Calm reflection on the international economy reveals much to be thankful for, and little to fear.  On this point, economists past and present agree.  But an important proviso lurks beneath the surface.  Yes, there is little to fear about the international economy itself.  But modern researchers – unlike economists of the past and teachers of the present – rarely mention that attitudes about the international economy are another story.  Paul Krugman hits the nail on the head: “The conflict among nations that so many policy intellectuals imagine prevails is an illusion; but it is an illusion that can destroy the reality of mutual gains from trade.”