Where there can be shown to be no difference in labor…
“Where there can be shown to be no difference in labor cost, I am for free trade. But the difference must be determined by real experts who understand the use and limits of statistics.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Free trade is acceptable when labor costs are equal; otherwise experts must assess statistical limits.
In simple terms: Free trade needs expert analysis.
Key Takeaway
Consult experts on trade impacts.
Themes
economics
trade
statistics
Mood
analytical
cautious
Type
political
educational
When to use this quote
- government policy
- business strategy
- international negotiations
Key Concepts
free trade
cost analysis
expert judgment
Questions to Reflect On
- Who decides the “real” experts?
- How can we ensure unbiased statistical analysis?
A Different Perspective
Statistical data can be misinterpreted, leading to flawed policies.