Milton Friedman PBS Free to Choose 1980 Vol 7 of 10 Who Protects the Consumer
57:54
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1 year ago
Various government agencies have been created on the claim that they will protect the consumer. These agencies restrict freedom, stifle beneficial innovation, and become agents for the industries or groups they are intended to regulate. Friedman explains how the apparent chaos of the market place, the competition of many suppliers for business, is the best protection of consumer interests.Various government agencies have been created on the claim that they will protect the consumer. These agencies restrict freedom, stifle bene...all »Various government agencies have been created on the claim that they will protect the consumer. These agencies restrict freedom, stifle beneficial innovation, and become agents for the industries or groups they are intended to regulate. Friedman explains how the apparent chaos of the market place, the competition of many suppliers for business, is the best protection of consumer interests.«
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