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While traveling by car during one of his many overseas travels, Professor Milton Friedman spotted scores of road builders moving earth with shovels instead of m
by _gmax0 1y ago
While traveling by car during one of his many overseas travels, Professor Milton Friedman spotted scores of road builders moving earth with shovels instead of modern machinery. When he asked why powerful equipment wasn’t used instead of so many laborers, his host told him it was to keep employment high in the construction industry. If they used tractors or modern road building equipment, fewer people would have jobs was his host’s logic.
“Then instead of shovels, why don’t you give them spoons and create even more jobs?” Friedman inquired.
- mitthrowaway2 1y agoWhich country was that?
- nobodywillobsrv 1y agoRomania?
- Duwensatzaj 1y agohttps://quoteinvestigator.com/2011/10/10/spoons-shovels/ https://quoteinvestigator.com/2011/10/10/spoons-shovels/ suggests it’s a made-up story based on an earlier explicitly fictional story.
- yMEyUyNE1 1y agoAlbert Einstein: 'Everything should be made as simple as possible, but not simpler.'
- deleted 1y ago[deleted]