Quote Origin: One of the Great Mistakes Is to Judge Policies and Programs by Their Intentions Rather Than Their Results

Milton Friedman? Apocryphal? Question for Quote Investigator: Economic policies are typically promulgated and enacted with high purposes and goals, yet sometimes the results are inadvertently deleterious. A prominent economist once said: One of the great mistakes is to judge policies and programs by their intentions rather than their results. These words have been credited to …

Quote Origin: There Ain’t No Such Thing as a Free Lunch — TANSTAAFL

Milton Friedman? Robert Heinlein? Robert G. Ingersoll? Michael Montague? Walter Morrow? John Madden? Harley L. Lutz? Pierre Dos Utt? Leonard P. Ayres? Jake Falstaff? Herman Fetzer? Anonymous? Question for Quote Investigator: Today many goods and services are available for free especially via the internet. However, the true cost is usually not zero. Subsidies, indirect costs, …

A Shortage of Sand in the Sahara

Milton Friedman? William F. Buckley Jr.? French Sage? Alfred E. Kahn? Anonymous? Dear Quote Investigator: The well-known economist Milton Friedman was often critical of governmental power. The following saying has been attributed to him: If you put the federal government in charge of the Sahara Desert, in five years there’d be a shortage of sand. …

If You Want Jobs Then Give These Workers Spoons Instead of Shovels

Milton Friedman? William Aberhart? Walter Augustus Wyckoff? Unemployed Worker? Businessman in China? UK Minister of Agriculture? Question for Quote Investigator:: In 2011 an editorial in the Wall Street Journal mentioned a quotation that apparently is well-known:[ref] 2011 September 8, Wall Street Journal, Section: Opinion, Why the Stimulus Failed, Page A14, New York. (ProQuest) link [/ref] …

There Is Nothing So Disastrous As a Rational Investment Policy In an Irrational World

John Maynard Keynes? Milton Friedman? A. Gary Shilling? Albert J. Hettinger, Jr.? Apocryphal? Dear Quote Investigator: Forbes magazine has a fascinating searchable database called “Thoughts On The Business of Life” that contains “more than 10,000 quotes.” The following saying interests me, but the database doesn’t appear to include citations so I am not sure if …

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