Quotation of the Day…

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… is from page xvi of the Second Edition (2025) of GMU alum Benjamin Powell’s excellent book Out of Poverty: Sweatshops in the Global Economy:

The laws of economics do not put “profits over people.” They dictate which policies will help poor workers and which policies will harm them.

DBx: Yes.

And pick any randomly chosen policy today peddled by either the progressive left or the MAGA right and you will likely pick a policy that, although marketed as helping the poor, actually hurts the poor.