Very few people spend other people's money as carefully as they spend their own.

Milton Friedman

More information about this quote

Topic

Moral hazard Government spending Economics Government Political theory

Author

Milton Friedman

Source

Open Mind

Medium

Interview TV program

Language

English

Time

1975 1970s 20th century

Occupation

Nobel laureate Economist

From

United States

Authentication Score 3

Citation

The Open Mind. Interview with Milton Friedman. Hosted by Richard Heffner. The Open Mind Legacy Project. National Educational Telecommunications Association, PBS, 7 Dec. 1975, www.YouTube.com/watch?v=k2Kg2SvsI8Q

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A quote by Milton Friedman about moral hazard: “Very few people spend other people's money as carefully as they spend their…”
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A quote by Milton Friedman about moral hazard: “Very few people spend other people's money as carefully as they spend their…”
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Related Quotes

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Another quote from the 1970s

All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership.

John Kenneth Galbraith

More information about this quote
Topic
Political leadership Leadership

Author

John Kenneth Galbraith
Source
The Age of Uncertainty
Genre
Economic literature
Language
English
Time
1977 1970s 20th century
Authentication Score 3
Citation

Galbraith, John Kenneth. The Age of Uncertainty. Houghton Mifflin Harcourt, 1977, ch. 12.

Another quote about Political theory

Justice is the first virtue of social institutions, as truth is of systems of thought. A theory however elegant and economical must be rejected or revised if it is untrue; likewise laws and institutions no matter how efficient and well-arranged must be reformed or abolished if they are unjust.

John Rawls

A Theory of Justice

Buy A Theory of Justice at Amazon Buy A Theory of Justice at Amazon
More information about this quote
Topic
Justice Political theory

Author

John Rawls
Source
A Theory of Justice
Genre
Political literature Philosophical literature
Language
English
Time
1971 1970s 20th century
Authentication Score 3
Citation

Rawls, John. A Theory of Justice. Belknap Press, 1971, ch. 1, sect. 1.