6min chapter

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

Lex Fridman Podcast

CHAPTER

Economic Theories of Income Guarantees

This chapter explores the contrasting economic theories of minimum wage versus guaranteed minimum income, analyzing their implications for social welfare and market dynamics. It also discusses the intricacies of American social policy and the influence of various economic schools of thought on these proposals.

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