Quotation of the Day…

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… is from page 218 of Thomas Sowell’s 2008 volume, Economic Facts and Fallacies (original emphasis; footnote deleted; link added):

[T]he growth of international free trade has been said to increase inequality among nations because the 23-to-one ratio between the twenty richest and twenty poorest nations in 1960 rose to a 36-to-one ratio in 2000. But the nations constituting the 20 richest and 20 poorest were different in 1960 and 2000. Comparing the same twenty richest and twenty poorest nations of 1960 over those decades shows that the ratio between the richest and the poorest declined to less than ten-to-one.