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

Jennifer Burns is a historian of ideas, focusing on the evolution
of economic, political, and social ideas in the United States in
the 20th century. She wrote two biographies, one on Milton
Friedman, and the other on Ayn Rand. Thank you for listening Check
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questions, contact Lex, etc. Transcript:
https://lexfridman.com/jennifer-burns-transcript CONTACT LEX:
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ways to get in touch: https://lexfridman.com/contact EPISODE LINKS:
Jennifer's X: https://x.com/profburns Jennifer's Website:
https://www.jenniferburns.org Jennifer's Books: Milton Friedman
biography: https://amzn.to/4hfy1HO Ayn Rand biography:
https://amzn.to/4afr3A0 SPONSORS: To support this podcast, check
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nutrition drinks. Go to https://drinkag1.com/lex OUTLINE: (00:00) -
Introduction (10:05) - Milton Friedman (24:58) - The Great
Depression (39:15) - Schools of economic thought (50:22) -
Keynesian economics (58:10) - Laissez-faire (1:06:00) - Friedrich
Hayek (1:11:18) - Money and monetarism (1:26:03) - Stagflation
(1:30:56) - Moral case for capitalism (1:34:53) - Freedom (1:39:51)
- Ethics of competition (1:43:37) - Win-win solutions (1:45:26) -
Corruption (1:47:51) - Government intervention (1:54:10) -
Conservatism (2:00:33) - Donald Trump (2:03:09) - Inflation
(2:07:38) - DOGE (2:12:58) - Javier Milei (2:18:03) - Richard Nixon
(2:25:17) - Ronald Reagan (2:28:24) - Cryptocurrency (2:43:40) -
Ayn Rand (2:51:18) - The Fountainhead (3:02:58) - Sex and power
dynamics (3:19:04) - Evolution of ideas in history (3:26:32) -
Postmodernism (3:37:33) - Advice to students (3:45:50) - Lex
reflects on Volodymyr Zelenskyy interview PODCAST LINKS: - Podcast
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