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Quotation of the Day…

… is from page 286 of historian William Manchester’s gripping 1992 book, A World Lit Only by Fire:

[T]he most barefaced lies die hard when influence and prejudice have a vested interest in them.

DBx: “Trade deficits cause unemployment and impoverish us!” – “We must subsidize our exports as long as other governments subsidize other-countries’ exports!” – “Government should limit the amount of money spent on political campaigns!” – “Government schooling will be improved only if schools are given more taxpayer money!” — These fallacies and countless others live on not only because of economic ignorance, but because this ignorance is fed upon, and fed by, venal interest groups who benefit from the continued widespread belief in these fallacies.