(Via Dan Mitchell: Milton Friedman, Adam Smith, and Other People’s Money – well worth reading.)
Some Chicago Boyz know each other from student days at the University of Chicago. Others are Chicago boys in spirit. The blog name is also intended as a good-humored gesture of admiration for distinguished Chicago School economists and fellow travelers.
(Via Dan Mitchell: Milton Friedman, Adam Smith, and Other People’s Money – well worth reading.)
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Very nice. And very concise. Sent it on to my kids.
We need a similar diagram to include the type of project that government contractors want to fail so that they get another contract for replacing or repairing it.
Or when government agencies use your own money to target and harass you like the IRS.