mgroves

Which is better, 1) a factory that employs 1000 people and produces 50000 widgets a year, or 2) a factory that employs 100 people and produces 100000 widgets a year?

If you answered “1″, congratulations! You are qualified to be a politician! (Bonus points if you asked “union or non-union?” before answering). If you answered “2″, then you make too much sense to be an elected official.

I’ve touched on “make work bias” before, but Walter E. William wrote a fine column. “Trade versus Protectionism”, so I’d thought I’d link to it.

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