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5.6K views · 100 reactions | Nobel prize-winning economist, Milton Friedman once explained that there are 4 basic ways to spend money. The incentives change dramatically depending on which of those 4 types you're doing. | FEE - Foundation for Economic Education | Facebook
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4.8K views · 186 reactions | Milton Friedman said there are 4 ways of spending money, from most efficient to least efficient: • Most efficient is when you spend money on yourself • 2nd most is when you spend your own money on someone else • 3rd is spending someone else’s money on yourself • The least efficient is spending someone else’s money on someone else Government spending falls in the least efficient category. Right to Start | Larry Elder | Facebook
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