At a dinner party Churchill says to his dinner companion, "Madam, would you sleep with me for five million pounds?"Similarly, Milton Friedman debates with a young man, saying that we put prices on people every day, and that the young man is arguing not from a position of principle but rather from a position of price and value.
The woman responds, "My goodness, Mr. Churchill. I suppose I would."
Churchill replies, "Would you sleep with me for five pounds?"
She answers, "Mr. Churchill, what kind of woman do you think I am?"
Churchill answers, "Madam, we've already established that. Now we are haggling about the price."
Sunday, September 25, 2011
Friedman's Argument Strikes Me As Akin To Churchill's
Apocryphal or not, it's a great story: