Uploaded June 2025 | Updated September 2026, 3 days ago
Nobel prize-winning economist, Milton Friedman once explained that there are 4 basic ways to spend money. You can spend your money on yourself, your money on someone else. You can also spend someone else's money on yourself, or someone else's money on other people. The incentives change dramatically depending on which of those 4 types you're doing.
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CREDITS:
Written, Produced, and Edited by Sean W. Malone
Directed by Seamus Coughlin
Voiced by Seamus Coughlin & Britta
Animated by Amazil and Emily
Backgrounds by Jaime
Fullscreen graphics by Ricky Tee
Animation editing by Amazil and Ryan
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LINKS:
adamsmith.org/blog/toilet-paper-and-milton-friedmans-four-ways-of-spending-money
signalvnoise.com/svn3/milton-friedman-on-the-four-ways-you-can-spend-money
Nobel prize-winning economist, Milton Friedman once explained that there are 4 basic ways to spend money. You can spend your money on yourself, your money on someone else. You can also spend someone else's money on yourself, or someone else's money on other people. The incentives change dramatically depending on which of those 4 types you're doing.
________________________
CREDITS:
Written, Produced, and Edited by Sean W. Malone
Directed by Seamus Coughlin
Voiced by Seamus Coughlin & Britta
Animated by Amazil and Emily
Backgrounds by Jaime
Fullscreen graphics by Ricky Tee
Animation editing by Amazil and Ryan
________________________
LINKS:
adamsmith.org/blog/toilet-paper-and-milton-friedmans-four-ways-of-spending-money
signalvnoise.com/svn3/milton-friedman-on-the-four-ways-you-can-spend-money
