This reminds me of:
Churchill: Madam, would you sleep with me for five million pounds?
Socialite: My goodness, Mr. Churchill… Well, I suppose… we would have to discuss terms, of course…
Churchill: Would you sleep with me for five pounds?
Socialite: Mr. Churchill, what kind of woman do you think I am?!
Churchill: Madam, we’ve already established that. Now we are haggling about the price.
The audience was obviously inclined to disagree with Milton Friedman, but overall, they seemed pretty well behaved. Does anybody doubt that if this were occur today, he’d be shouted down and called a fascist?
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Interesting. Milton Friedman is right to insist that once we accept the principle of free entreprise, the consequences he draws are correct. Today, more of these bright students would be inclined to refute that principle.
As for being well behaved or bawdy, it all depends which college this is…