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Debate Score:32
Arguments:28
Total Votes:39
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 Do you believe in Milton Friedman's Parable? (28)

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joecavalry(37455) pic



Do you believe in Milton Friedman's Parable?

Milton Friedman's Parable

If you spend your own money on yourself, you are very concerned about how much is spent and how it is spent.

If you spend your own money on someone else, you are still very much concerned about how much is spent, but somewhat less concerned about how it is spent.

If you spend someone else's money on yourself, you are not too concerned about how much is spent, but you are very concerned about how it is spent.

However, if you spend someone else's money on someone else, you are not very concerned about how much is spent, or how it is spent.

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3 points

That doesn't make any sense at all...

OK, lets say that some one gives you their credit card and asks you to go Christmas shopping for his friends on the 23rd of December. The mall is crowded, you barely found parking at the furthest edge of the parking lot and the weather/temperature is just unbearable. The lines are long, people everywhere pushing and shoving, kids screaming (get the picture)?

Now, are you going to worry about the cost of the gift? After all, you're not paying for it.

Are you going to worry about what you buy? After all, they're not your friends.

Chances are that you're just going to grab the first thing you see for the specified gender on the list of friends and move on. Well, government agencies are like that too; hence the phrase, "Good enough for government work."

iamdavidh(4856) Disputed
2 points

nope, still don't get it...

So he's saying like people are more careful with their own money, and stuff?

hm, nope, I'm confused...

This is why government agencies that give away tax payer's money perform so poorly.

Side: yes
MisterGuy(1) Disputed
1 point

Nice opinion there...backed up by absolutely ZERO facts, as per usual...ugh...

Side: No

Let me guess. You were probably brought up in, at the very least, a middle income family. Well, I wasn't. I made it. My aunt is on welfare. She is physically capable of working but why should she when Uncle Sam has free money for her. And two of my cousins are also on welfare (if it's good enough for mom....). So don't tell me I don't know what I'm talking about.

Side: yes
0 points

lulz, Milton Friedman was the man.

I can't say i agree with EVERYTHING he has said, but shit like this, very much.

Side: yes
MisterGuy(1) Disputed
1 point

Uncle Milty, unfortunately wasn't right about very much by later in his career. The idea that a group of people, acting through their govt., can't be efficient with monetary expenses on behalf on the public is just silly.

Believe me, there are plenty of people in govt. right now that take very seriously how they spend the public's tax money.

Side: No

Oh my God! You actually believe that? You actually believe that! The government..., efficient!?!?! The words Government and Efficiancy don't belong in the same sentence together.

Side: yes
ThePyg(6743) Disputed
0 points

How comforting it is to know that so many people trust so much in the government on how to spend their taxes.

Side: yes

Yes, I think he was right on with this parable. This is why government should cut back on spending, cut back on taxes and let the private sector handle it.

Side: yes
MisterGuy(1) Disputed
1 point

What amount of govt. money should be "cut back" on?? You do realize that it's impossible at this point to balance the federal budget without raising taxes on someone, don't you??

Side: No