milton freedman taught us that decades ago.ry folks did not use them to spend or invest. they used it to pay down debt or saved. nothing wrong with that. but the economy didn't bulge all of a sudden just because of a temporary payroll tax cut. we really haven't budged off the 2% growth trend. you know what works? permanently lower tax rates. permanently lower rates. that would have boosted growth. we didn't get it. you knew we wouldn't get it. and i don't think you out there are also surprised. let's bring in our free market friday panel. keith, you love these temporary tax cuts. you just love them. >> i don't love temporary tax cuts. i think that the payroll tax cut is and was a good idea because it does get money into the hands of everyday workers. the idea that you raise i think has some validity to it. obviously as well. that if you give people a temporary tax cut they may not use it for spending. >> that's your first concession to me in the new year. >> that's true. but you're talking about investors, yes, people who who h

john: there are four ways to spend money said milton freedman. your own on yourself.e the most careful. number two. your money on someone else. we do that at christmastimeme. it is less efficient because sometimes we buy the wrong stuff. it gives you that go. then number three. number four. spend somebody else's money on someone else orther people's money on yourself. that is what politicians do. that is the least efficient way to spend. sense politicians spend other people's money, a charity is better. if you just hold on to your money they will squander it. of course, charities' squander money they give us guidance but it is not accurate i give to charities that i can see personally. i see how catholic charities educate kids and do a better job