“Oh, ‘tanstaafl.’ Means ‘There ain’t no such thing as a free lunch.’ And isn’t,” I added, pointing to a FREE LUNCH sign across room, “or these drinks would cost half as much. Was reminding her that anything free costs twice as much in long run or turns out worthless.”
"tanstaafl" is widely accepted to be an economic fact. If people knew how central banks ignored this reality, they would riot. Yet they also ignore this reality when it comes in the form of "stimulus checks" without thinking about it twice.
