#457 – Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom

1831.02 - 1855.522 Jennifer Burns

And in some ways, this is completely obvious because so many banks... have failed. And we don't have any type of bank insurance at that point. So if your bank goes under, your savings are there, the money essentially vanishes. And it's fractional reserve banking, right? So you've put in, they can loan up to 90% on their deposits. And so Friedman and Schwartz present this argument