Milton's Four Ways to Spend Money
“In his book Free to Choose, Milton Friedman described four ways to spend money.
1. You spend your own money on yourself.
2. You spend your own money on someone else.
3. You spend someone else's money on yourself.
4. You spend someone else's money on someone else.”
Guess which ones produce the most insane results? Guess which ones big governments typically use?
1. You spend your own money on yourself.
2. You spend your own money on someone else.
3. You spend someone else's money on yourself.
4. You spend someone else's money on someone else.”
Guess which ones produce the most insane results? Guess which ones big governments typically use?
Not so unbelievably, additional public debts and liabilities are incurred.
True capitalism = #1 & #2.
Big government / socialism / fascism / communism, etc. = #3 & #4.