--- title: "Meaning & Key Takeaway of: In response to a suggestion that total…" description: "\"In response to a suggestion that total free trade would end in cheaper foreign products flooding the market and causing unemployment.\" — Milton Friedman" image: "https://sms4smile.com/quotes/i/9fb/milton-friedman-616_cheaper_in-response-to-a-suggestion-that-total-f_1637532.png" --- # In response to a suggestion that total free trade would… ![“In response to a suggestion that total free trade would end in cheaper foreign products flooding the market and causing unemployment.” quote by Milton Friedman](https://sms4smile.com/quotes/i/9fb/milton-friedman-616_cheaper_in-response-to-a-suggestion-that-total-f_1637532.png) [Download](https://sms4smile.com/quotes/i/9fb/milton-friedman-616_cheaper_in-response-to-a-suggestion-that-total-f_1637532.png) [Open image](https://sms4smile.com/quotes/i/9fb/milton-friedman-616_cheaper_in-response-to-a-suggestion-that-total-f_1637532.png) > “In response to a suggestion that total free trade would end in cheaper foreign products flooding the market and causing unemployment.” [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Free trade lowers prices but may cause job loss; policy must balance benefits and harms. **In simple terms:** Trade benefits consumers, harms some workers. Key Takeaway Consider tradeoffs. Themes economics policy globalization Mood analytical balanced Type economic political When to use this quote - government regulation - industry strategy - consumer pricing Key Concepts comparative advantage labor displacement Questions to Reflect On - What measures protect displaced workers? - How to ensure fair competition? A Different Perspective Protectionism can hurt economies. ★ ★ ★ ★ ★ No ratings yet [Causing Unemployment](https://sms4smile.com/quotes/about/causing-unemployment-538606/) [Cheaper](https://sms4smile.com/quotes/about/cheaper/) [China](https://sms4smile.com/quotes/about/china/) [Ends](https://sms4smile.com/quotes/about/ends/) [Flooding](https://sms4smile.com/quotes/about/flooding/) [Free trade](https://sms4smile.com/quotes/about/free-trade/) [Market Causing](https://sms4smile.com/quotes/about/market-causing-538607/) [Products](https://sms4smile.com/quotes/about/products/) [Response](https://sms4smile.com/quotes/about/response/) [Suggestions](https://sms4smile.com/quotes/about/suggestions/) [Trade](https://sms4smile.com/quotes/about/trade/) [Trade End](https://sms4smile.com/quotes/about/trade-end-538608/) [Unemployment](https://sms4smile.com/quotes/about/unemployment/) ## Related quotes > [“Trade it out so in the end everyone got something, and the better dealmaker got a little more.”](https://sms4smile.com/quotes/michael-wolff/trade-it-out-so-in-the-end-everyone-got-something-and-the-better/) [Michael Wolff](https://sms4smile.com/quotes/author/michael-wolff/) > [The great danger to the consumer is the monopoly -whether private or governmental. 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