Ep. 2014 Economic Fallacies Everyone Believes
The Tom Woods Show
00:00
There's No Such Thing as a Free Lunch
The phrase there's no such thing as a free lunch is one of the most recognizable in the history of economic thought. It perfectly captures the fundamental idea in economics, which is that all actions come with a cost. I'm also happy to talk about the origin story of that phrase, if you'd like. Yet, why not gohead? Ok?
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