Blog 1

A question that McLaughry asked Friedman about, was the question of environmental pollution. He asked, "What would you view as the best way to attack the pollution problem in the free enterprise society?"  Friedman says that, "we mustn't suppose that there are no mechanisms within the free enterprise society which lead to the "right" amount of pollution".  He then gives an example of a city who has a major steel company, but the steel company is a major source of pollution.  The pollution is so bad that many people don't want to live or work in the city.  So the pollution leads to having the company to pay higher wages to lure employees.  Friedman really helps show that the idea of pollution doesn't only effect the environment in a scientific way but also in an economic way.