Wednesday, December 16, 2015

Quote of the Day: Why not use spoons instead of shovels?

Milton Friedman was traveling in a developing Asian nation when his host took him to visit an excavation project that was part of a public works program. Instead of using earth-moving equipment, the workers were using shovels. Friedman asked why. His host told him the aim of the program was to employ as many workers as possible. Friedman quipped: "Why not use spoons instead of shovels?"
This is from financial journalist and author Caroline Baum in an article published at economics21.org

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