Lex Fridman Podcast
#457 – Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom
Jennifer Burns
And one way Volcker gets it back is interest rates over 20%, unemployment very high, as high as 25% in like construction sectors. And as this is happening, Milton Friedman is whispering in Reagan's ear, this is the right thing. Stay the course, this is going to work. Now, interestingly, he hates Volcker. Volcker hates him.
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