Monday, February 28, 2011
Friedman's 4 Ways to Spend Money
Friedman's own explanation:
This intuitive little matrix gets ordinary people thinking about who should control resources in society, why and how. To my mind, it goes along way towards countering Keynesian make-work notions that are pervasive among "experts" today. Common sense is not so common among our political leaders.
Consider also these quadrants in terms of healthcare spending. I'd group some of the major options as follows:
1. Patient-driven healthcare (HSAs).
2. American health insurance (PPOs).
3. Medical Philanthropy.
4. Single payer (that is, until it requires rationing).
HT: Ideas Matter