Milton Friedman warned about budget problems such as Musk and DOGE

The Australian Financial Review
25 Feb

Elon Musk quotes Milton Friedman that all budgets balance because the consumer always pays – through taxes, inflation, or more borrowing. Indeed, ever-widening budget deficits are a sign of poor governance.

Friedman also said that the problem of government is special interest groups, where policymaking benefits the few while imposing small costs on the many.

Loading...

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10