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To: ild who wrote (164950)5/10/2002 12:28:17 AM
From: Dr. Jeff  Respond to of 436258
 
<<"If you spend some money on yourself ... you're careful how much you spend and you're very careful how you spend it," Friedman said.

"If you spend your own money on somebody else, well, you're careful about how much you spend, but you don't
worry so much about how well you spend it. ... If you spend somebody else's money on yourself, well, you don't care how much you spend, but you care a great deal how well you spend it."

He added: "You spend somebody else's money on somebody else ... and you don't care how much you spend and you don't care how you spend it. That's government." >> Sounds like many mutual funds too!