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\n4 Ways to Spend Money- Milton Friedman\n

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\n\nPublisher:\n\nACDC Leadership\n\n\n
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\nIn this episode of Friedman Files, I discuss Milton Friedman's assertion that “nobody spends somebody else’s money as carefully as he spends his own.” To be clear, this is not a valid experiment and I'm not claiming that it is. This is...\nIn this episode of Friedman Files, I discuss Milton Friedman's assertion that “nobody spends somebody else’s money as carefully as he spends his own.” To be clear, this is not a valid experiment and I'm not claiming that it is. This is just an interesting way to introduce Friedman's assertion to students and get them thinking about private and public spending. I'm also not saying that all government spending is bad or wasteful (although Friedman argued that much of it is). I'll be addressing that in another video. Stay tuned. Feel free to participate in the \"experiment\" and let me know what happened in the comments below. Also, do you agree or disagree with Milton Friedman's view of government spending. Remember, this is the first episode of a series of videos I’m making about Friedman.\n
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Resource Details

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Educator Rating
Not yet Rated
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Media Length
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5:47
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nACDC Leadership\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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money, time, economics
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milton friedman, econ, clifford, friedman files, switch spots, pop tarts, wrong thing, student wanted, wanted, person, back, envelope, dollar, spend, experiment, pick, ahead, items, interesting, gatorade, brownies, question, perfect, notice, willingness, bought, carefully, people, hard, spends, produce
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Best For: Explaining a topic
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