Wednesday 3 May 2017

Friedman knew how to create jobs

He was driving along in postwar West Germany in the late 1940s, ... when he spotted a large number of workers shoveling out a building site. Milton asked his German host, “Why don’t you get a tractor and some mechanized equipment for that?”“Ah, but Prof. Friedman, you don’t understand—this provides jobs!Milton .... responded: “Well in that case why don’t you give them spoons.”
Quoted by Stephen Hayward at Powerline.

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