Quote of the Day: Natural Economists
I have found, over a long time, that some people are natural economists. They don't take a course, but they understand--the principles seem obvious to them. Other people may have Ph.D.s in economics, but they're not economists. They don't think like an economist. Strange, but true.
~Milton Friedman in the WSJ, at age 94 (4 months before he died)
HT: Jack McHugh