Lex Fridman Podcast
#457 – Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom
Jennifer Burns
We have not abandoned discretion, but rules are used as a heuristic or a check, and those come out of Friedman's thinking. And so it's something, it's really profound, and it was always counterposed to discretion, which Friedman worried would be subject to capture or political corruption if you had discretion in policymaking or if you had discretion in these very big areas.
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