Thread: Keynes Recap
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Old 09-14-2011 | 09:05 AM
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tomgoodman
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From: 767A (Ret)
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Milton Friedman was in China studying their economy. He was visiting a large construction project, and noted that thousands of workers were using shovels, and asked his Chinese hosts why there were no bulldozers or backhoes in use.

The reply: “Using shovels creates more jobs.”

Milton Friedman’s classic response, “Why don’t they use teaspoons?”
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