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

3804.028 - 3824.644 Jennifer Burns

And certainly there were members of the Federal Reserve who felt like it would create, they didn't say moral hazard, but it would create what we now call moral hazard, bad habits, were we to intervene and to save failing banks because failing banks need to be taught a lesson. They need to be taught discipline. And so a lot of people, I think, saw it in the context of discipline.