25min chapter

Know Your Enemy cover image

Milton Friedman and the Making of Our Times (w/ Jennifer Burns)

Know Your Enemy

CHAPTER

Milton Friedman's Views on Regulation and the Federal Reserve

This chapter examines Milton Friedman's views on regulation and the Federal Reserve, emphasizing his belief that the money supply should be regulated and suggesting that the Federal Reserve should grow the money supply at a fixed rate each year. It also discusses Friedman's unlikely alliance with a populist Democrat who shares his suspicion of banks, as well as his openness to government intervention in addressing issues of poverty and inequality.

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