Ep. 7 - Who Protects the Consumer [5/7]. Milton Friedman's Free to Choose (1980)

[sticksquash]

Ironic for the lady, saccharine was proven actually generally safe for consumption, and the warning for it and it's classification as a possible carcinogen was removed. (This was in 2000, compare it to this video in 1980.)

[jrs89]

The problem is that we spend money on human development and when we avoid hedging risk at modest costs we potentially take a huge loss on those investments. If it takes a few hundred thousand dollars to raise an upper middle class kid and we can't hedge that risk for a couple hundred dollars, it's probably a safe bet.

[jrs89]

@jrs89 can*

[Illyrien]

I would love to see a round two between Friedman and that blonde hypocrite :)

[Illyrien]

but the children.... sigh

[silvermaniamania1]

WOW! people back then are much smarter than we are today! XD

[koyunbaba73]

"We haven't been asked to." All of a sudden on the issue of trade, the consumer advocates refrain from offering an opinion!