Lex Fridman Podcast
#457 – Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom
Jennifer Burns
This is inflation going over 10%, hovering an 8% for basically the whole decade of the 70s, going up and down with extremely elevated rates. And so... The Carter presidency largely falls. Foreign policy is a big part of it, but the failure to tame inflation is part of it. And then Reagan comes in. And now Reagan loves Friedman and Friedman loves Reagan. Very mutual feeling.
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