re: Milton Friedman - Consumer Advocacy v. Self Interest

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

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on varying scales yes. the more expensive the product or the more important is is to my health i research it and choose the best one for me.

this is even easier now than it was when friedman made this video. social media and the internet have made product reviews instantaneous. Same for restaurant reviews, auto shops, etc. all reviewed by other consumers.

you don't?

I'll take my chances. I'm Not a fan of trusting someone in Washington to be motivated by anything other than serving themselves. I am better capable of looking out form my well being.

The law should govern fraud and deception. It should not make choices for the citizenry. Citizens should do their own shopping. Better decisions are made closer to home.

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

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You don't really need to, but I do. At the very least I ask friends for recommendations.