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I agree with your sentiment, however its not exactly true. According to his son, Milton Friedman used to say this but stopped because he realized that trade it
by Straw 2y ago
I agree with your sentiment, however its not exactly true.
According to his son, Milton Friedman used to say this but stopped because he realized that trade itself is free lunch- because its a win on both sides- consumer and producer surplus. He replaced it with "always look a gift horse in the mouth".