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re: Milton Friedman - Consumer Advocacy v. Self Interest

Posted on 2/22/14 at 3:40 pm to
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423365 posts
Posted on 2/22/14 at 3:40 pm to
quote:

Do you have time to research every single good, product and service you buy?

i free ride off others and through past experiences

big purchases?

Posted by cwill
Member since Jan 2005
54753 posts
Posted on 2/22/14 at 3:48 pm to
quote:

i free ride off others and through past experiences


Big purchases are not part of the equation we all do that but you enjoy a large number of products and services without concern or a second thought because of regulation.

And let me be clear regs have overreached and have advanced into the land of absurd but the solution isn't no regulation. There's something to be said for standards, for specialization. All my energy goes into doing what I do to make a living. I don't have time to research toilet paper, toothpaste, vitamins, tinfoil, couches, toys, motor oil. And I'm not talking about which is better but just a baseline safety, quality.
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