An expression coined by economist Milton Friedman, who believed that government economic intervention should be executed gradually to prevent overcorrection. The expression refers to someone who turns the hot water on all the way to warm it up, getting scalded in the process.
Related information about fool in the shower:
- Fool In The Shower Definition | Investopedia
The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once. This phrase describes a scenario ...
- What does "fool in the shower" mean?
Feb 27, 2009 ... Fool in the shower is a term that was coined by Milton Freidman, an American Nobel Prize-winning economist, who advocated a marketplace ...
- 'Fool in the Shower' to Give Fed a Good Scalding: Caroline Baum ...
Jan 26, 2012 ... Long and variable lags. That's all I could think of yesterday when I read the Federal Reserve statement and learned that economic conditions ...
- What does the proverb: "fool in the shower" mean...? - Yahoo! Answers
The Fool in the Shower proverb is attributed to the economist Milton Freedman who gives the analogy of a bather who thinks his shower is too cold so ...
- Fool in the Shower!
www.csub.edu/kej · agrammy@csub.edu. January 4, 2012. Fool in the Shower! Fool in the Shower is a phrase coined by Milton Freidman, the 1976 Nobel Prize ...
- Everyday Economics Explained: Blame the fool in the shower!
Sep 5, 2012 ... Good morning everyone. A lot of people ask me on a daily basis to explain the meaning of a recession and provide reasons as to why the ...
- What is fool in the shower? definition and meaning
Definition of fool in the shower: An expression coined by economist Milton Friedman, who believed that government economic intervention should be executed ...
- RealClearPolitics - 'Fool in the Shower' to Give the Fed a Scalding
Jan 26, 2012 ... Long and variable lags. That's all I could think of yesterday when I read the Federal Reserve statement and learned that economic conditions ...