The most important single central fact about a free market is that no exchange takes place unless both parties benefit. Underlying most arguments against the free market is a lack of belief in freedom itself.

Milton Friedman

Who Protects The Consumer?

Free To Choose Part 7

Various government agencies have been created on the claim that they will protect the consumer. These agencies restrict freedom, stifle beneficial innovation, and become agents for the industries or groups they are intended to regulate. Milton Friedman explains how the apparent chaos of the market place, the competition of many suppliers for business, is the best protection of consumer interests.

Author: Milton Friedman
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