Friday, May 26, 2017

The myth of the free lunch *


In Form 1, my math teacher Mr Iro would take our class out to have pizza and discuss philosophy.

It was during these pizza limes that I learned about the economist Milton Friedman and his famous “free lunch myth”.

According to Friedman, the free lunch myth is the belief that “governments can spend money at nobody's expense”. In reality, Friedman argued, goods and services must be paid for, and the idea that governments can provide these at no cost to the persons receiving them, is a myth. Mr Iro was a good teacher. Unfortunately he was also a paedophile and was arrested a year later. In hindsight I should have realised why he kept telling me, “Darryn free pizza is a myth”.

 

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