If Milton Friedman were alive today and active on social media, he might have “liked” the videos showing United Airlines (NYSE:UAL) forcibly removing a passenger from an overbooked flight. Don’t get me wrong, the Nobel Laureate would almost certainly have been as disgusted as everyone else at the harm done to the passenger. But he would have seen it as a teachable moment about the power of markets.
A Simple Economics Lesson for United Airlines
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