Lex Fridman Podcast
#457 – Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom
Jennifer Burns
who have constituents who think the banks and money power are the problem, who are like throwbacks from the frontier days. So Friedman in the beginning has no constituency for this policy. He has no constituency for this analysis. And so just going back to summarize monetarism, it's using the quantity theory of money to analyze the macroeconomy.
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