Originally posted by Wajoma
1. Spend your money on yourself.
2. Spend your money on someone else.
3. Spend someone elses' money on someone else.
Which of these three generally results in the most efficient way to spend money and which is the worst, can they be applied to everyday examples.
For virtually all economic activity - consumerism, investment and entrepreneurship - No.1
For government services, institutions, collective roles and infrastructure - No.3
For charitable activity and political activism - No.2
The crux of No.3 - the political debate, essentially - is the how much, the who for, the why, and the does it work?
I am OK with that.
But as a staunch conservative I favor restraint in terms of No.3 and privatisation - or public-private initiatives at the very least - whenever possible.