Woke corporations: “Nobody can lose money as fast as us.”
Kevin McCarthy: “Hold my beer.”
(media.greatawakening.win)
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Losing money is easy when it isn't yours.
Exactly! Milton Friedman explains why government spending will never work and why its end results are a destructive curse.
The first and central thing that you have to know is who spends who's money. You can spend your money or someone else's money and you can spend that money on yourself or somebody else.
If you spend money on yourself you are very careful how much you spend and very careful how you spend it.
If you spend your money on someone else, you are still careful about how much you spend but don't pay quite so much attention to how you spend it. This a little worse than spending money on yourself.
Now If you spend somebody else's money on yourself that's different. You don't care how much money you spend but your very careful but you are very careful that you get as much as you can for what you spend.
When you spend somebody else's money on someone else you have no need to pay attention to how much you spend or on how you spend it. This 4th situation is Government and highlights why there is so much waste and so much corruption in government spending.
Milton Friedman was correct in is assertions.