If you change "money" to "credit" his point makes more sense. People spending credit they've earned, rather than money, is what causes problems.

On the grounds that you don't have to run out and buy anything just because you can.

I'm not really sure I understand the attitude, except to guess that you're just trolling.

Regardless, I suppose they have considerably more right to waste their money how they wish than you do in telling them what to do with it.

Other people disagree: http://news.ycombinator.com/item?id=2311274

I find that post to be extremely scary and reading it gives me a feeling of visceral revulsion.