Economic Reality 101. Absolutely Worth the Read

Enjoy this free market quote

International trade is, as the economic writer Steven Landsburg explains in his 1993 book The Armchair Economist,
a technology: “There are two technologies for producing automobiles in
America. One is to manufacture them in Detroit, and the other is to
grow them in Iowa. Everybody knows about the first technology; let me
tell you about the second. First you plant seeds, which are the raw
materials from which automobiles are constructed. You wait a few months
until wheat appears. Then you harvest the wheat, load it onto ships,
and sail the ships westward into the Pacific Ocean. After a few months,
the ships reappear with Toyotas on them.”

The full article can be found here…and it discusses economic misconceptions of the voting public.

It’s called

The 4 Boneheaded Biases of Stupid Voters

and it’s written by Bryan Caplan   

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