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 Does't Care How Much He Spends Or What He Spends It On. And That's Government For You.

-Milton Friedman

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When A Man Spends His Own Money

Milton Friedman

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 Does't Care How Much He Spends Or What He Spends It On. And That's Government For You.

Topic

Men

Liberty

Doe

. . . It Is Worth Discussing Radical Changes, Not In The Expectation That They Will Be Adopted Promptly But For Two Other Reasons. One Is To Construct An Ideal Goal, So That Incremental Changes Can Be Judged By Whether They Move The Institutional Structure Toward Or Away From That Ideal. The Other Reason Is Very Different. It Is So That If A Crisis Requiring Or Facilitating Radical Change Does Arise, Alternatives Will Be Available That Have Been Carefully Developed And Fully Explored.

Change

Moving

Two