The 4 Ways to Spend Money by Milton Friedman (HD)

In his book Free to Choose, Milton Friedman described four ways to spend money.

1. You spend your own money on yourself.
2. You spend your own money on someone else.
3. You spend someone else's money on yourself.
4. You spend someone else's money on someone else.

The graphic shown in the video that displays the four ways to spend money can be viewed at http://freedomchannel.blogspot.com/2008/09/4-ways-to-spend-money-by-milton.html

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Education

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[wtfjaftw]

@oneNonly1fullofsome Education by government is a joke. Most poorly managed system it should be a teacher to student system like my mom has it! Her students say shes the best teacher they've ever had!

[tflst5]

i think we need a show like intervention where we show milton friedman videos to 'Daily Show' kiddie socialists and watch them snap out of their haze.

[colquest]

@DavidByrne85 Well, he probably had the loony left in mind..

[DavidByrne85]

@Jordoom777 Ooooh. Zing.

[Jordoom777]

@DavidByrne85 Evidently, that's how you marxists communicate.

[noobler9]

@tflst5 we the people spend the money on ourselves, it's not 4, it's 1

nyoro~

[DavidByrne85]

Friedman constantly sounds like he's explaining the world to an 8 year old child. His arguments are asinine.

[GreenAngelPartners]

But we all pay tax, even those who distribute tax, and if the tax distributor has children! they might have a vested interest in their education.

AngelPartnersLtd . c o m

[russle360]

@tflst5 People who watch The Daily Show are not "socialists", mmk? What a stupid generalization. Milton Friedman is an amazing man with brilliant, logical arguments; but you're stupid to think that any other value on the other side of a spectrum is all of a sudden wrong.

[mba2ceo]

idiots - taxpayers elect school boards that allocate money. Therefore the electorate determines allocation.

[wtfjaftw]

@pauloolem Not to mention, the only reason why it is any better because of more choice and freedoms, to where to go to school, the American education system is very bureaucratic, the government controls it, it's centralized, regulated and your only at the wills of the power that be. I know I lived through it. Your only proving when you at more liberty you will accomplish that much more, not less.

[wtfjaftw]

@pauloolem Yeah, education of what? Giving people intellectual skills that are not intellectuals. And most of that information is propaganda. And look at the bigger picture, they are paying for a system with taxation they cannot afford, so they have to import immigrants, thus killing off the civilization, IT'S SELF DEFEATING! And they needed immigrants so bad they gave them free stuff, and expected them to work! What a joke that system is, give your head a shake.