China Quote by Robert La Folette
“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
Source Speech: Economic Policy Forum, 1978 by Robert La Folette
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.
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