LFL --
Following on our recent discussion of Thomas Sowell (SMIA), I thought you might enjoy some excerpts from his book "Economic Facts & Fallacies." He disposes of several things that "everybody knows.
Paragraphing is sorta cumbersome, but I was too lazy to fix it. (Maybe next time.)
There will not be a test and there is no prize, but if you like this one, I have another in mind.
Take care,
Russ