to buy something for himself, he is very careful about what he
buys, but doesn't care at all how much he spends. And when a man
spends someone else's money on someone else, he doesn't care how
much he spends or what he spends it on. And that's government
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Milton Friedman Quotes

When a man spends his own money to buy something for himself,
he is very careful about how much he spends and how he spends it.
When a man spends his own money to buy something for someone else,
he is still very careful about how much he spends, but somewhat
less what he spends it on. When a man spends someone else's money
to buy something for himself, he is very careful about what he
buys, but doesn't care at all how much he spends. And when a man
spends someone else's money on someone else, he doesn't care how
much he spends or what he spends it on. And that's government
for you.

- Milton Friedman

Tags

Spends | Money | Careful | Buys | Care |

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So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system. - Milton Friedman

And what does reward virtue? You think the communist commissar rewards virtue? You think a Hitler rewards virtue? You think, excuse me, if you'll pardon me, American presidents reward virtue? Do they choose their appointees on the basis of the virtue of the people appointed or on the basis of their political clout? - Milton Friedman