Milton Friedman - We economists don't know much, but we do know how...

We economists don't know much, but we do know how to create a shortage. If you want to create a shortage of tomatoes, for example, just pass a law that retailers can't sell tomatoes for more than two cents per pound. Instantly you'll have a tomato shortage. It's the same with oil or gas.

Milton Friedman

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Milton Friedman Quotes

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We economists don't know much, but we do know how to create a shortage. If you want to create a shortage of tomatoes, for example, just pass a law that retailers can't sell tomatoes for more than two cents per pound. Instantly you'll have a tomato shortage. It's the same with oil or gas. Milton Friedman

They Said So®

Keywords

economists create shortage tomatoes pass law retailers sell cents pound instantly tomato oil gas

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