Friedman had a talent for conveying these ideas simply.
The problem with these economicist "stories," as they call them, is that people (including economists themselves) believe them too much.
Once stories like this are embedded in the way we think, we constantly see ways of interpreting the world in a reinforcing way. Every case of inefficiency is found to be an example of principal-agent problems.
Not specifically a Friedman problem or a laissez-faire problem.
The problem with these economicist "stories," as they call them, is that people (including economists themselves) believe them too much.
Once stories like this are embedded in the way we think, we constantly see ways of interpreting the world in a reinforcing way. Every case of inefficiency is found to be an example of principal-agent problems.
Not specifically a Friedman problem or a laissez-faire problem.