Liberal Forum

peepee » 07 Jun 2020, 6:32 am » wrote: ↑

07 Jun 2020, 6:32 am

polar!ty writes: "20 gov - 80 ind.

In a past life, I used to support greater levels of government spending, a stronger welfare state, etc.

But eventually I realized that a lot of the money is completely wasted, while the bureaucrats always hide behind "noble causes"...  

Just look at the bloated salaries/"compensation packages" of the top administrators of public schools and universities today. Outrageous."

....agreed...do you think milton friedman's construct is accurate? [number 4 = government spending]: "There are four ways to spend money. 1.) You can spend your own money on yourself – you have a great incentive to economize and get the best bang for your buck. 2.) You can spend your own money on somebody else, perhaps by buying your neighbor a present. Again, you will seek to economize; but you won’t care as much about getting good value for money. “You will, of course, want to get something the recipient will like – provided that it also makes the right impression and does not take too much time and effort,” Friedman said. 3.) Then you can spend somebody else’s money on yourself. Imagine a lunch on an expense account: you will try and spend as much as you can get away with, with limited incentive to economize, but seeking to get the best possible meal for yourself. 4.) Last but not least, you could spend someone else’s money on yet another person. You will have little interest in economizing – and won’t care too much about getting the greatest value for money."