4 ways to spend money

Milton Friedman had a true gift for explaining basic economic ideas so that anyone could understand them. Here is Friedman discussing the four ways to spend money (and drawing a comparison to public education spending). [youtube=http://www.youtube.com/watch?v=5RDMdc5r5z8] The Bluegrass Institute is hosting a “What would Friedman do?” lecture at the University of Louisville. You won’t want…