Monday, August 20, 2012

12 photographs

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

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