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At one of our dinners, Milton recalled traveling to an Asian country in the 1960s and visiting a worksite where a new canal was being built. He was shocked to s
by treeman79 5y ago
At one of our dinners, Milton recalled traveling to an Asian country in the 1960s and visiting a worksite where a new canal was being built. He was shocked to see that, instead of modern tractors and earth movers, the workers had shovels. He asked why there were so few machines. The government bureaucrat explained: “You don’t understand. This is a jobs program.” To which Milton replied: “Oh, I thought you were trying to build a canal. If it’s jobs you want, then you should give these workers spoons, not shovels.”
- lupire 5y agoThis reminds of the Feynman quote about outsiders to a field making obvious statements a about an intellectual idea and thinking they had a clever insight.
- HWR_14 5y agoI'm sorry, I don't see your connection. It was a snide aside by an economist (I believe a Nobel winning one), but it wasn't dumb.