- You can spend your own money on yourself. When you do that, you try to get the most value for your money.
- You can spend your own money on someone else. For example, purchasing a gift, you may not be so careful about the contents, but you’re very careful about the cost.
- You can spend other people’s money on yourself. Which means you’ll probably be having a great lunch.
- Finally you can spend other people’s money on other people. When this happens you’re never concerned about cost or value. And that’s government and how tax payer’s money is spent.
~ Milton Friedman