Quote of the Day - 5.16.09

| Sat May 16, 2009 11:11 AM EDT

From George Will:

"Perhaps it would be restful to give moral reasoning a rest...."

Yeah, I guess it would be for some of us.  Even better, though, would be to stop pretending you can tell fables about the economy based on a single poorly written paper on an absurdly narrow topic.  I don't think the fact that demand goes down as price goes up is going to come as a big surprise to anyone in the economics profession.

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