Milton Friedman Interview - Search Videos

ONLY ONE OF THE FOUR WAYS TO SPEND MONEY IS ACTUALLY EFFICIENT. Milton Friedman explained why in a single interview clip that's outlasted entire economics departments.Box one: your money, on yourself. You watch the cost and the quality, because you're the one paying and the one using it — this is the only box where both instincts fire at once.Box two: your money, on someone else. You still watch the cost, since it's coming out of your pocket, but the quality matters less to you, because you won'

ONLY ONE OF THE FOUR WAYS TO SPEND MONEY IS ACTUALLY EFF…

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