Other People’s Money

20 Apr 2004 /
Cash blowing out an open window

The ability to ignore costs is at the heart of the attraction of government for some and of the expansion of government over time. Anything that might conceivably be of some benefit to someone, sometime, is worth doing, if someone else is paying. In our own lives, we pass up all sorts of benefits when we decide that they are just not worth their cost. Maybe we would like to have a new car or add another room onto the house or take a vacation in the Caribbean but it may not be worth what it would cost. So we keep driving the old jalopy, get used to not having a den and take in a few ball games during the summer instead of going on a cruise. Life is full of trade-offs when it is your own money.

— Thomas Sowell
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