Common sense once determined that the Earth was the center of the Universe, based on logic, reason and our observation.
Common sense once determined that the Earth was flat
Common sense once determined that black people were inferior to white people
Common sense is often disproven with science.
"He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.