Quote of the Day: Underestimating Markets
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Submitted by CARPE DIEM
Economists have an undeserved reputation for “religious faith” in markets. No one has done more than economists to dissect the innumerable ways that markets can fail. After all their investigations though, economists typically conclude that the man in the street - and the intellectual without economic training - underestimate how well markets work.
~Bryan Caplan in “The Myth of the Rational Voter”
