S7 E7: Gilded Age 2.0
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James Buchanan's Influence
- James McGill Buchanan, a Nobel-winning economist, preferred to operate behind the scenes, unlike Milton Friedman.
- He held radical anti-government views, advocating for private schools and disenfranchising government employees.
- Buchanan, collaborating with Charles Koch, sought to establish a 'counter-intelligentsia' to promote libertarian ideas.
- Koch subsequently funded numerous think tanks and lobbying groups, including the Cato Institute, Heritage Foundation, and the Federalist Society, profoundly impacting American politics.
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