Milton Friedman on 4 ways to spend money:1) Your money on yourself (you’re careful about both cost and quality)2) Your money on others (you care about cost, less about quality)3) Someone else’s money on yourself (you care about quality, not cost)4) Someone else’s money on others (you care about neither)The last one is how government spending works.
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Milton Friedman on 4 ways to spend money:1) Your money on yourself (you’re careful about both cost and quality)2) Your money on others (you care about cost, less about quality)3)
Milton Friedman Quotes (@MiltonFriedmanW). 936 likes 12 replies. Milton Friedman on 4 ways to spend money:1) Your money on yourself (you’re careful about both cost and quality)2) Your money on others (you care about cost, less about quality)3) Someone else’s money on yourself (you care about quality, not cost)4) Someone else’s money on ...
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“Wherever government bureaucracy takes over, costs go up and quality goes down.”— Milton Friedman
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"There has never in human history been a more effective machine for eliminating poverty than the free enterprise system and the free market." -- Milton Friedman 👉 Sign up for exclusive NR emails here: http://natl.io/WVKMLJ | National Review
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In the popular Freedom to Choose series, Milton Friedman often engaged in heated debates with other intellectuals, highlighting how, in rare experiments with economic freedom | FEE - Foundation for Economic Education
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Milton Friedman explains why government spending is so wasteful:“There’s an enormous difference between the benefits people get from government spending and the benefits people get when they spend their own money.”“That difference derives from the fact that government is always spending somebody else’s money.”
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Milton Friedman dismantles the “capitalism = greed” narrative:“Tell me, is there some society you know that doesn’t run on greed? You think Russia doesn’t run on greed? You think China doesn’t run on greed? What is greed? Of course, none of us are greedy, it’s only the other fellow who’s greedy.”“The world runs on individuals pursuing their separate interests. The great achievements of civilization have not come from government bureaus. Einstein didn’t construct his theory under order from a bur
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