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

Peace is much more precious than a piece of land.

Anwar Sadat

More information about this quote
Topic
Israel-Palestine conflict Peace
Speaker
Anwar Sadat
Medium
Interview
Language
Arabic
Time
1978 1970s 20th century
Authentication Score 2
Citation

Sadat, Anwar. Interview. New York Times, 9 Mar. 1978.

Another quote about Political theory

Why has government been instituted at all? Because the passions of men will not conform to the dictates of reason and justice, without constraint.

Alexander Hamilton

Federalist 15

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Read Federalist No. 15 at the Library of Congress website
More information about this quote
Topic
Political theory Government Politics Human nature

Author

Alexander Hamilton
Source
Federalist 15 The Federalist Papers
Medium
Essay
Genre
Political literature
Language
English
Time
1787 1780s 18th century
Era
American Revolutionary Period
Authentication Score 2
Original Citation

Hamilton, Alexander [published as Publius]. "Federalist No. 15: The Insufficiency of the Present Confederation to Preserve the Union." Independent Journal, 1 Dec. 1787.

Current Citation

Hamilton, Alexander. "No. 15: Its great defect: can only legislate for states.--Hamilton." The Federalist: A Commentary on the Constitution of the United States, edited by Robert Scigliano. The Modern Library, 2001.