Thursday, March 8, 2012

Milton Friedman ---> 4 ways to spend money.

Milton Friedman ("Free to Choose" book) 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.
 

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