IT Quote of the Week: Milton Friedman

Too often, I think, information technology solutions are expected to cost nothing, do everything, and solve problems without drag. This sounds to me like a classic case of misunderstanding the strategic economic implications of Information Technology. In that spirit, this week’s Information Technology Quote of the Week source is Milton Friedman. He won the Nobel Memorial Prize in Economics, is known for his research on consumption and monetary policies, was an economic advisor to President Ronald Reagan, and thus, is a worthy addition to our IT Thought of the Day Quote of the Week Series.

I like Information Age quotations. I find some of them very inspirational and like to carry a new one around about every week. I thought that i could share mine with you from time to time.

Here is my quote of the day:

“There’s no such thing as a free lunch.”

Milton Friedman

You can learn more about our quote source at Wikipedia.

So how do you think that this relates to Information Technology? How do you think that it could be important to Information Technology Professionals?

Do you like quotations? Do you collect them, too? What did you think of when you read this one? Do you agree or disagree with it? Please comment below.

That is my Information Technology Thought of the Day (ITTOD) for April 20, 2010 by Scott Coughlin.

Image credit: Provide for the Common Defense

Quote Source: Brainy Quote