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Milton Friedman - The Four Ways to Spend Money

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The West explained in a minute thirty
Comment from : @tabbycat8511

Still waiting on the second coming of Milton Friedman
Comment from : @wmoli872

This is an argument for UBI
Comment from : @aliendroneservices6621

Thank you for the videoI studied banking and finance for 3 years but I get a lot of lesson from this videoThank you Mr Milton Friedman
Comment from : @rizalukman7982

Actually there’s millions of ways to spend money,even more ways that I’m unaware of still
Comment from : @darienflett1752

Hell has a new angel
Comment from : @Mephy29

This is one of my favorite videos of all time
Comment from : @ianpatrick23

Joe Biden and the Demorat cabel don't understand this when a 12 year old student can
Comment from : @buckyoung4578

Dead right!
Comment from : @1515732

1) YOUR money on YOUbr2) YOUR money on ANOTHER PERSONbr3) ANOTHER PERSON'S money on YOUbr4) ANOTHER PERSON'S money on ANOTHER PERSONbrbrWith decreasing care and decreasing incentive to spend carefully
Comment from : @jimhalfpenny442

This is an evil man
Comment from : @kadiryoruk4076

Like all economists, he just plucks these from his ass, you simply can't generalise
Comment from : @GaryM67-71

Wrong on its face, even with the examples he uses Say I am a salesman with an expense account, and as one of the tools in my toolbox, I can take clients out to lunch I'm going to be very careful about which clients receive those perks, and I'm going to be even more careful making sure said client benefits from it A profitable customer will stay with you longer, sure But a customer that influences other actual and/or potential customers is going to pay you massive returns when you spend money keeping them happy Likewise, a customer that isn't placing orders and is out there bad-mouthing your brand is not a customer you would continue courting with your expense account
Comment from : @drumhed

This out-of-context short just serves an agenda and disrespects Milton Friedmans work It's stupid
Comment from : @enemdisk6628

Ugh Nonsense His theories have long been debunked
Comment from : @cosmai23

Yawn, folksy answer dealing with a psychological question when he is an economist
Comment from : @js-wq6zy

Public funds is number 2 Not sure why hes creating a 4th category In fact its 1 and 2 simultaneously We use our money for ourselves and others
Comment from : @DSan-kl2yc

Economists are the shaman of today
Comment from : @good-questions

If I buy something as a gift, I approach it the same way if I were buying it for myself
Comment from : @the_original_dude

Milton is an Idiot
Comment from : @BuyASN9290

Idiot him and his friends ruined the world
Comment from : @adikravets3632

"दानं भोगं नशस्तिस्त्रो गतयो भावनाति विथस्य" has already been quoted by the Indian ancient texts, meaning there are only 3 ways the money can be spent, you either give or spend or see the wealth perish in due course
Comment from : @manjunathagopalakrishna794

All he's saying is very much common sense any 25 year old should have
Comment from : @notmedude

There are four ways you can do stuff, you can do stuff, you can do stuff with another person or a person can do stuff and tell you about it blah blah blah brbrjust a bunch of nonsense
Comment from : @divinelittledevil

This comment is not a slight on Milton Friedman I really respect him amd his intelligence, but the fact that he took time to summarize something so basic underscores lack of financial intelligence in the general population How sad
Comment from : @AE-pv9vc

great
Comment from : @brianshobe7177

Wild of Milton to assume that I have any money to spend
Comment from : @xeflatio93

Hardly profound
Comment from : @Nousmourronsseuls

This says a lot about how he feels and what he is thinking when he spends money in those four ways, but it does not say anything about the truth necessarily
Comment from : @guitarman394

I do purchasing at my workbrI treat it like it was my own
Comment from : @Petesworkshop2225

One of the smartest men I have ever heard speak
Comment from : @captainnutsack8151

People love symmetrical arguments, no matter how meaningless they are 😅
Comment from : @josipbajcer9977

Duh That’s the problem What’s the solution? 🤨
Comment from : @mrparkerdan

Thank you
Comment from : @Nardz024

Government does't spend money but currency, fiduciary debt based currency to be exact He didn't know that?
Comment from : @Anti-Ratshield-vel-Antysystem

These comments seem to say more about him than any universal truth
Comment from : @danielltoth3789

No shit sherlock
Comment from : @jamesbyrne9312

bG/b bO/b bV/b bE/b bR/b bN/b bM/b bE/b bN/b bT/b
Comment from : @TruthOnly142

Not true on point 2 I pay more attention to buy stuff for family and friends than myself Ridiculous take Clown
Comment from : @bartholomewlyons

Disagree to fact that when you spend on others you are worried how much you have spent
Comment from : @apuravonline

Ignore the roads you drive on, the fire dept that comes to save your life and your home, the school system for you children and all the countless things that habe imporved your lives You're all dillusional Ayn Rand drones
Comment from : @busterbuster1641

Is there a name for this economic principle?
Comment from : @chuckdiesal83

Maybe we should let ai spend it on us like we would spend it on ourselves
Comment from : @PonderDuke

It really seems like he was interested in convincing himself and others of an ideology, more than working out how the real world works Kind of comical how the weak-minded flock to him without blushing
Comment from : @Studentofgosset

Same with Casinos you will start with your money on averages you will raise upwards into their money Now you think ohhh boy awesome ill spend their money now you lose and start the process again until you lose it all
Comment from : @nephilimshammer9567

Brilliant brMan he is greatly missed
Comment from : @robertfrancis4876

And that is why government welfare will always be a disaster
Comment from : @thereminpitchknob4059

I believe that he or another economist fromChicago was awarded a Nobel Prize for economics for the proposition that spending other people's money like the government, on other people does not rewire the same amount of prudence as spending your own money one yourself
Comment from : @williamfarnham1635

This guy is really brilliant at assuming and thinking that only the worst sides of human beings are the driving traits of society What a narrow minded view…
Comment from : @beck2929

He looks like Danny Devito
Comment from : @sac22833

Simple yet still very clever
Comment from : @jongreen9171

So simple, so brilliant! There's NO WAY the government is interested in this
Comment from : @easygoing2479

This video seems truncated compared to the original quote I saw Is there a way to get the full-length summary restored?
Comment from : @ClintOlsen

If only this were to taught to every person entering govt service
Comment from : @dhruvaism

"When you spend your money on yourself, you're very careful" brMy Steam backlog of hundred of games says otherwise
Comment from : @fastica

4th way its the way politicians spend our money, they don't care how much they spend or what quality we get for it
Comment from : @karolgolden231

Please give me a multiple like button!
Comment from : @JeanPhilippeHulin

The 3rd party payer problem
Comment from : @djtim06

Milton is so kool !!! I wish I could meet him :)
Comment from : @rishi2791

Wow
Comment from : @RandDickson

Totally agree
Comment from : @begut41

This is such a brilliant thought and so simply put
Comment from : @seanrobinson2270

This fact is the basis for most of my economic thinking
Comment from : @lars123mc

Was an amazing man I noticed that most of the time he was smiling and was very friendly, even in heated debates
Comment from : @stratocaster1986able

This is the only somewhat intelligent talk I have ever heard Friedman give
Comment from : @k17741

Do you have any idea what you're talking about? His policies? Are you on something?
Comment from : @internalfusion

milton friedman, neoliberal guru his policies are brought the world and this country to the brink of disaster, the only thing that i can agree with is his argument for the end to the war on drugs
Comment from : @01147762

Perfect example as to why all government procurement offices should be audited annually Thanks for posting
Comment from : @zombiejon

I was pretty much brainwashed at school and by the media to believe in collectivism Now I'm starting to see the light Thank God for youtube!! I actually began by watching Noam Chomsky!! Lol What a load of bull now that I've got to hear the other side and judge based on the FACTS rather than feelings and slogans
Comment from : @phantomsuccour