12 photographs
”There are four ways in which you can spend money.
(1) You can spend your own money on yourself.
When you do that, why then you really watch out what
you’re doing, and you try to get the most for your money.
(2) Then you can spend your own money on somebody
else. For example, I buy a birthday present for someone.
Well, then I’m not so careful about the content of the
present, but I’m very careful about the cost.
(3) Then, I can spend somebody else’s money on myself.
And if I spend somebody else’s money on myself, then I’m
sure going to have a good lunch!
(4) Finally, I can spend somebody else’s money on
somebody else. And if I spend somebody else’s money
on somebody else, I’m not concerned about how much
it is, and I’m not concerned about what I get. And that’s
government. And that’s close to 40% of our national income.”
– Milton Friedman
Monday, August 20, 2012
12 photographs
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment