Free to Choose: 7 -- Who Protects the Consumer? Part 1
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Milton Friedman, in the seventh segment of the series, presents evidence to support his view that most government consumer-protection activity hurts consumers and the nation. He describes how closely regulated industries lose their right, and their will, to innovate and seek new ways of competing for the consumers's money, thus denying the consumer improved products, services, and lower prices. Friedman shows the enormous amounts of paper work generated by consumer protection rules and the difficulties of getting new products onto the market
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Original permalink · Record added 2023-10-28 17:25:17