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Daily Inspiration Quote by Milton Friedman

"Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another"

About this Quote

Friedman is picking a fight with one of politics' most reliable instincts: the gut-level belief that prosperity is a zero-sum game. The line is engineered to puncture the "fixed pie" metaphor that quietly governs so many arguments about trade, wages, immigration, and corporate profits. Call the economy a pie and you smuggle in a conclusion before the debate starts: if someone else is eating more, you must be eating less. Friedman’s intent is to reframe the moral narrative. He’s not just defending markets; he’s attacking the emotional logic of resentment that makes redistribution, protectionism, and price controls feel like common sense.

The subtext is classic Friedman: growth is the moral alibi. If the pie can expand through innovation, specialization, and exchange, then voluntary transactions aren’t predation but cooperation. That’s why the sentence leans on "tendency" and "assume" - he’s diagnosing a cognitive bias, not merely correcting a math error. Label it a fallacy and you delegitimize an entire style of argument as primitive, almost superstitious.

Context matters. Friedman built his public career in the postwar era when Keynesian management dominated, the Cold War framed capitalism as an ideological export, and the 1970s stagflation created an opening for market evangelists. The "fixed pie" critique doubles as a swipe at both left populism (wealth as theft) and certain right populisms (foreigners taking "our" jobs). It’s a deceptively simple sentence that turns economics into a story about human creativity - and turns opponents into people who don’t believe the story can have a second act.

Quote Details

TopicReason & Logic
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Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at th
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Milton Friedman (July 31, 1912 - November 16, 2006) was a Economist from USA.

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