Monday, May 02, 2022

About the origin of "There is no such thing as a free lunch"

Recommendable!

"The economic concept that "there's no such thing as a free lunch" supposedly originated in a column by Paul Mallon in 1942. Mallon was a former supporter of Franklin Delano Roosevelt turned anti-New Dealer who became the first syndicated opinion columnist in the United States after a 10-year-long stint with The United Press.
He was briefly declared persona non grata at the FDR White House for alleged "inaccuracies" in his column, which was New Deal-speak for what now gets called disinformation.
Supposedly, saloons across the United States had been in the habit of advertising free lunches as a way to lure customers and to keep them bellying up to the bar and paying for alcohol. ...
"Mr. Wallace neglects the fact that such a thing as a ‘free’ lunch never existed. Until man acquires the power of creation, someone will always have to pay for a free lunch," Mallon replied. ..."

Breitbart Business Digest

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