Quotation of the Day…

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… is from page 68 of Art Carden’s and GMU Econ alum Caleb Fuller’s forthcoming (in April 2025) book, Mere Economics (footnotes deleted; links added):

Trade skeptics overlook the dispersed benefits. Some find virtue in paying more for “fair trade” coffee, goods “made in America,” and local produce, but as twentieth-century economic journalist Henry Hazlitt reminds us, “the art of economics” means looking at the costs and benefits for everyone, not just the highly visible beneficiaries. It’s a variation on “love your neighbor as yourself.”