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> so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud." This is also an enormous
by cirgue 9y ago
> so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud."
This is also an enormous caveat. The type of fiduciary responsibility espoused by Friedman seems to be completely at odds with the type currently practiced.
- croon 9y agoIndeed, that was what my last line was hinting at, although I could've phrased it less cryptically. Friedman also supported tax cuts and deregulation. Combining those two is like saying that the human body works fine as long as no organ malfunctions. While technically true, it's completely irrelevant to whether or not it's a scenario worth debating, and whether or not we in reality need doctors and medicine. We wouldn't need law enforcement if everyone followed the rules either. It's still not the case.