The Illusion of Free Lunch in Economics

Economics fundamentally operates on the principle that there are no free lunches; every economic decision involves trade-offs. Political figures often make promises that reflect an alternate economic reality, ignoring the inherent costs associated with their proposals. For instance, calls for tariffs and regulations on pricing, such as Vice President Harris's stance on grocery prices, highlight a disconnect between economic reality and political rhetoric. Ultimately, such promises cannot negate the biological and economic laws governing society, which emphasize that all choices have associated consequences.