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/20...

• Category

  Education

[WCKeck]

Education is not the answer. Liberty is

[Willsturd]

Its all cool. I understand how you feel because I skim through a lot of comments.

[Josiah Tullis]

the best way to bring about liberty is through education.

[WCKeck]

No more youtube commenting please. Lame

[Saul Goodman]

Education IS liberty sir, Information IS freedom. Through education ALL things become available. A stupid person is trapped with ignorance......a smart person can open any door.

[AntLyon]

Wow! Gentlemen commenting on YouTube. And I thought I had seen it all. Tip o' the to both of you!

[AntLyon]

Teachers are spending other people's money? Please tell me what in what state are the teachers spending anyone's money. Teachers have no say whatsoever in how school budgets are spent!

Did Mr. Friedman misspeak?

[WCKeck]

Pogakak shut up

[pogakak]

Education gives liberty.

[Troublesome2008]

I'm sorry, i get it now. I thought you misread his comment, but you didn't. I was wrong. Now i feel stupid for doing the math...

[Willsturd]

Yes and I corrected him. I told him countless millions have died from government run economies. Communists like Stalin, Mao, Kim Jung, Castro. I asked him how many people die because they are poor. What he advocates for are not these rich people, but what is our alternative. So I challenged him to find a statistic that say and I quote, "Hundreds of thousands are not dying because of poverty". Hopefully you can read it more clearly now.