Anat Admati doesn't understand Milton Friedman at all. Milton's conclusion doesn't rely on those assumptions!!!! In fact, Milton mentioned there is inefficiency in the free market, and it can be seen everywhere. But when the inefficiency in free market is compared to a largely government-regulated market, it's much much better. Capitalism is terrible, but when's compared to socialism and communism, it's awesome.
Thanks for the free video lecture.
Anat Admati doesn't understand Milton Friedman at all. Milton's conclusion doesn't rely on those assumptions!!!! In fact, Milton mentioned there is inefficiency in the free market, and it can be seen everywhere. But when the inefficiency in free market is compared to a largely government-regulated market, it's much much better. Capitalism is terrible, but when's compared to socialism and communism, it's awesome.
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