Lex Fridman Podcast
#457 – Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom
Jennifer Burns
Now, Irving Fisher is big into the stock market, and Irving Fisher says sometime in late summer, 1929, stocks are going ever higher and will continue to go ever higher forever. And so he loses his reputation after the stock market crash. So Milton Friedman is stepping into a field in which the greats have been discredited. And there's an enormous economic crisis all around.
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