It's really simple
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Reminder: Sept 18, one week from today, is the 3rd anniversary of the 20th
anniversary of the release of RSS 2.0. I often forget to mark that day.
It's n...
Tuesday, December 20, 2016
Classic Milton Friedman 2x2
Four ways to spend money:
1. You can spend your own money on yourself. When you do that, why then you really watch out what you’re doing, and you try to get the most for your money.
2. You can spend your own money on somebody else. For example, I buy a birthday present for someone. Well, then I’m not so careful about the content of the present, but I’m very careful about the cost.
3. I can spend somebody else’s money on myself. And if I spend somebody else’s money on myself, then I’m sure going to have a good lunch!
4. I can spend somebody else’s money on somebody else. And if I spend somebody else’s money on somebody else, I’m not concerned about how much it is, and I’m not concerned about what I get.
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