2min chapter

Free To Choose Media Podcast cover image

Episode 147 – Free To Choose 1980 – Who Protects the Consumer? – Discussion (Podcast)

Free To Choose Media Podcast

CHAPTER

Is There a Place for Government to Test Consumer Product Safety?

I wouldn't go so far as to say that the government should not at all be in the business of generating information, though i am concerned about exactly the same forces this, this evil industry that miss o'reilley talks about. I don't see how we guard ourselves against that. But it seems to me that there a case to be made that the market does not supply enough information. It may not, but the market supplies a great deal. And there is also a free rider problem in the negative sense, on government provision of information, because people who have no use for that information are required to pay pay for it. That's a logic in an egg situation, which is ridiculous

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