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Milton Friedman Speaks

1978

Who Protects the Consumer? (Lecture) 1 Season 23 Episode

10.0

Consumer legislation doesn’t in the end protect the consumer; rather, it benefits the consumer advocates, including reformers, special interest groups, and regulatory agencies. What does protect the consumer? Alternative sources of supply at variable prices are the inevitable result of international competition—free trade. Recorded at Pfizer Corporation, New York City

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01 Jan, 1978
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