"There are four ways in which you can spend money. 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. 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. 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! 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."
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Academics from the United StatesJews from the United StatesPeople from New York CityAgnostics from the United StatesEconomists from the United States
Original Language: English
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"'Your World' Interview With Economist Milton Friedman" Fox News interview (May 2004)
https://en.wikiquote.org/wiki/Milton_Friedman
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Milton Friedman
1912 – 2006
US-amerikanischer Ökonom und Nobelpreisträger
216 quotes on TrueQuotesView all quotes by Milton Friedman →
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