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> There is a deeper point to that - that people tend to be free with money as long as it doesn't cost themselves. People behave very differently w.r.t. what is
by lordnacho 4y ago
> There is a deeper point to that - that people tend to be free with money as long as it doesn't cost themselves. People behave very differently w.r.t. what is "worth" spending money on when it is their money, as opposed to someone else's.
This is typically where people drop in their Milton Friedman video/meme: "With my own money... with someone else's..."
Which has a grain of truth to it, just no nuance.
> How do you propose to determine that amount?
Certainly the answer isn't "whatever the machine spits out". Which at the bottom of it is what free market fanatics are saying. At least we should work on the machine so that the inputs are something sensible.
- jocaal 4y agoA link to the Milton Friedman video https://www.youtube.com/watch?v=nBWXuptwJpg https://www.youtube.com/watch?v=nBWXuptwJpg
- WalterBright 4y ago> Which has a grain of truth to it, just no nuance. I see it in action all the time. In the small, parents know that kids are sloppy with money given to them. When they earn the money, they suddenly get careful with it. In the large, politicians play on the "tax the rich" theme because that means someone other than the bulk of voters will be paying the bill. > free market fanatics This sort of thing discredits your postings. It isn't necessary to be a fanatic to study economic history and see how well it works. The evidence is pretty compelling - far more than a "grain" of truth.