Friedman’s Four Ways to Spend Money

I was reading Mike Gorski’s Real DuPont blog this morning. The city council of my home town (DuPont, WA) is debating the merits of a skate park. Some of the discussion is silly, focusing on how people feel and whether or not kids will “like” the decision. There is very little open discussion about the economics of the decision, which as a taxpayer disturbs me. It reminded me of Milton Friedman’s matrix of spending, from his Free to Choose series. Here’s a snippet…

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