Lex Fridman Podcast
#457 – Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom
Jennifer Burns
So he's in this kind of really open space where the institutional economics of the 1920s has failed to predict, which was focused on business cycles. This is the irony. Their big thing was charting and understanding business cycles. And then we have the biggest business cycle of all time and they haven't seen it coming and they don't have a good explanation for it.
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