Etymology

there's no such thing as a free lunch

Today it means: Nothing is free; even things that appear free often have to be paid for in the end. Full definition →

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The story

In use since the 1930s. Popularized by the American economist Milton Friedman through the title of a 1975 book, and frequently misattributed to him.

Etymology from Wiktionary, CC BY-SA 4.0.