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

1941.659 - 1966.675 Jennifer Burns

version of what the Great Depression is all about, that it's a financial system meltdown, it's a liquidity crisis, and that it in some ways, well, in many ways, they argue very strong counterfactual argument. The Federal Reserve could have prevented it. and it did not. And so it becomes then an institutional failure and a political failure, not a failure of capitalism as a system.