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

Illustrated Quote

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

Related Quotes

Below are one or more quotes that share at least one tag with the quote at the top of the page

Another quote from the 1970s

The most preposterous notion that Homo sapiens has ever dreamed up is that the Lord God of Creation, Shaper and Ruler of all the Universes, wants the saccharine adoration of His creatures, can be swayed by their prayers, and becomes petulant if He does not receive this flattery. Yet this absurd fantasy, without a shred of evidence to bolster it, pays all the expenses of the oldest, largest, and least productive industry in all history.

Robert A. Heinlein

Time Enough for Love

Buy Time Enough for Love at Amazon Buy Time Enough for Love at Amazon
More information about this quote
Topic
God and man Nature of God Religion

Author

Robert A. Heinlein
Source
Time Enough for Love
Medium
Novel
Genre
Science fiction
Language
English
Time
1973 1970s 20th century
Authentication Score 3
Citation

Heinlein, Robert A. "Intermission." Time Enough for Love. G. P. Putnam's Sons, 1973.

Another quote about Government

It may be a reflection on human nature, that such devices should be necessary to control the abuses of government. But what is government itself, but the greatest of all reflections on human nature? If men were angels, no government would be necessary.

James Madison

Federalist 51

Buy The Federalist Papers at Amazon Buy The Federalist Papers at Amazon
Read Federalist No. 51 at the Library of Congress website
More information about this quote
Topic
Political theory Politics Government Human nature

Author

James Madison
Source
Federalist 51 The Federalist Papers
Medium
Essay
Genre
Political literature
Language
English
Time
1788 1780s 18th century
Era
American Revolutionary Period
Authentication Score 2
Original Citation

Madison, James [published as Publius]. "Federalist No. 51, The Structure of the Government Must Furnish the Proper Checks and Balances Between the Different Departments." New York Packet, 8 Feb. 1788.

Current Citation

Madison, James. "No. 51: How to maintain: make the parts check each other. Also, a federal system divides power further.--Madison (or Hamilton)." The Federalist: A Commentary on the Constitution of the United States, edited by Robert Scigliano. The Modern Library, 2001.