Sunday, May 12, 2013

Other People's Money

These 2 short videos explain the fundamental inefficiency of government spending:

The first video is an excerpt from a TV interview on PBS "The Open Mind" (December 7, 1975).  In this interview Nobel Laureate economist Milton Friedman examines the dynamics of "doing good" with other people's money:

The second video is from the organization ProLiberty:

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