Quote by: Milton Friedman

We economists don't know much, but we do know how to create a shortage. If you want to create a shortage of tomatoes, for example, just pass a law that retailers can't sell tomatoes for more than two cents per pound. Instantly you'll have a tomato shortage. It's the same with oil or gas.


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Author Bio


  • NameMilton Friedman
  • DescriptionAmerican economist, statistician, and writer
  • BornJuly 31, 1912
  • DiedNovember 16, 2006
  • CountryUnited States Of America
  • ProfessionEconomist; Writer; Statistician
  • AwardsNobel Memorial Prize In Economic Sciences; National Medal Of Science; Presidential Medal Of Freedom; Adam Smith Award