This brilliant Milton Friedman Q&A holds all sorts of lessons for today’s debates about consumer freedom and health care, as well as implications for our Free to Choose Medicine project. Friedman is asked in it to respond to a query from a young man (wrongly identified as Michael Moore — or perhaps the uploader’s intention was just to note the similarity in views) about the decision Ford made regarding an automobile which could have increased consumer safety. Friedman responds by noting that the real principles involved here are ones of transparency and liberty, empowering consumer choice — “would you pay more to increase your safety?” — and makes several key points which illustrate the importance of these decisions. Watch and learn.
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