10min chapter

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

Lex Fridman Podcast

CHAPTER

Friedman and the Nixon Legacy

This chapter explores the intricate relationship between Milton Friedman and the Nixon administration, focusing on the challenges of inflation and the impact of monetary policy shifts during the transition from the Bretton Woods system. It highlights Friedman's influence on economic decisions, including the move toward floating exchange rates and his later connection with Reagan's policies on inflation.

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