Comments | stressballpoped: there's no such thing as a free lunch

stressballpoped

there's no such thing as a free lunch

Nov 17, 2006 00:48

Milton Friedman, the man who coined the phrase "there's no such thing as a free lunch" has just passed away. I never realized that these words came out the mouth of an economist. i don't have any feeling towards his death, only wished I had known who said the famous phrase earlier ( Read more... )

Comments 10

rzyna November 17 2006, 12:52:25 UTC

you should see the housing market in Hawai'i. I suspect it's probably similar to southern california but yeah, things are hugely overpriced and the prices have skyrocketed even more over the past few years.

stressballpoped November 18 2006, 06:08:41 UTC

what can i say about hawaii, it's a tourist place, so people are expected to pay more than normal.

rzyna November 18 2006, 14:35:58 UTC

it's more than just that. You're also dealing with islands and therefore limited land and high demand for it, which also keeps prices up, so both factors are always in effect.

anonymous November 18 2006, 01:41:02 UTC

check out http://news.yahoo.com/s/ap/20061118/ap_on_sc/meteor_shower
-a

stressballpoped November 18 2006, 06:07:43 UTC

i remember seeing a meteor shower back in college on a cold night. it was pretty fun

psychox November 18 2006, 23:50:50 UTC

Goddamn. Was I there too? You, me, Kerry and Christina? I'm sure you had fun. Sure thing. You weren't the one driving down some unknown dirt road because Christina said so, and then when you asked her, "Which way now," she said, "I don't know." As if it were totally ridiculous for me to ask her that since I was following her directions in the first place. I had left a pile of work and unread lecture notes from weeks and weeks before for a class I had failed more than once to go out and lean against the car and get neck cramps and watch little spots of light go streaking across the sky in total dark and cold on some unknown road. What is the human fascination with, "Ooooh, shiny...."?

I don't know. All I know is that nothing was going right that year. Nothing.

I'm glad you had fun. I still don't get it. But I'm glad you remembered, at least.

stressballpoped November 19 2006, 02:24:24 UTC

you remember it too, very well in fact

Thread 6

psychox November 18 2006, 23:39:58 UTC

"I never realized that these words came out the mouth of an economist."

Then you must think funny. I always thought it was pretty damn obvious. "There's no such thing as a free lunch" basically means that you have to put in work/effort to acquire any resource. It's impossible to gain anything without cost (and even if it's not costing YOU anything, it's still costing SOMEONE ELSE something). That's pretty basic economics.