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

8730.752 - 8754.988 Jennifer Burns

The Reagan administration creates like an advisory economic board. Friedman's on it. He's retired now. You know, he's entering his kind of golden years. He really has Reagan's ear. And here what he does is he convinces Reagan of his theory of inflation, which is Inflation has been caused. It's a monetary phenomenon that has been caused by bad monetary policy. Inflation has an accelerating dynamic.