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Milton Friedman justifies not recalling the ford pinto

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Milton Friedman justifies not recalling the ford pinto

Why leaders watch it

Friedman's cost-benefit argument on Pinto recall shows how safety trade-offs are rationalized, prompting an ethics check.

A clip of Milton Friedman answering an audience member about Ford's decision not to recall the Pinto, in which he defends weighing safety costs against benefits. The uploader's framing is strongly hostile to Friedman.

Takeaways

Topics: Decision making & mental models, Ethics & character

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