"When anyone complains about unfair competition, consumers beware." Friedman tells us about the writings of Adam Smith who, 200 years ago, warned that businesses always try to sell for the highest price and will try to control the market to do so. But without government help businesses cannot force people to buy their goods. Consumers will always get the lowest possible prices when competition is free and robust. Introduced by George Schultz. Discussion with Michael Walker, Fraser Institute and Steve Cohen, UC Berkeley.
No comments:
Post a Comment