The real free lunch: Markets and private property
As we approach another birthday of Milton Friedman, here's his article where he clears up the authorship of a famous aphorism, and explains how to really get a free lunch. Based on remarks at the banquet celebrating the opening of the Cato Institute’s new building, Washington, May 1993. I am delighted to be here on the occasion of the opening of the Cato headquarters. It is a beautiful building and a real tribute to the intellectual influence of Ed Crane and his associates. I have sometimes been associated with the aphorism “There’s no such thing as a free lunch,” which…