Milton Friedman and the Volkswagen implosion

It was Friedman who laid out the monetarist case AGAINST social responsibility for business

Milton Friedman and the Volkswagen implosionWe should have seen it coming; in fact, we did see it coming and still ignored the obvious truth. Volkswagen’s infamous “Diesel Dupe” is a self-inflicted (possibly mortal) wound for the iconic German carmaker. At present, VW is recalling 500,000 cars in the U.S. and has set aside 6.5 billion Euros to cover the expected…
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