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Lex Fridman

Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom | Lex Fridman Podcast #457

By Advanced AI EditorMarch 30, 2025No Comments2 Mins Read
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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 out our sponsors:
See below for timestamps, transcript, and to give feedback, submit questions, contact Lex, etc.

*Transcript:*

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*EPISODE LINKS:*
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Milton Friedman biography:
Ayn Rand biography:

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*OUTLINE:*
0:00 – Introduction
0:48 – Milton Friedman
15:41 – The Great Depression
29:58 – Schools of economic thought
41:05 – Keynesian economics
48:53 – Laissez-faire
56:43 – Friedrich Hayek
1:02:01 – Money and monetarism
1:16:46 – Stagflation
1:21:39 – Moral case for capitalism
1:25:35 – Freedom
1:30:34 – Ethics of competition
1:34:20 – Win-win solutions
1:36:09 – Corruption
1:38:33 – Government intervention
1:44:53 – Conservatism
1:51:16 – Donald Trump
1:53:52 – Inflation
1:58:21 – DOGE
2:03:40 – Javier Milei
2:08:46 – Richard Nixon
2:16:00 – Ronald Reagan
2:19:07 – Cryptocurrency
2:34:23 – Ayn Rand
2:42:01 – The Fountainhead
2:53:41 – Sex and power dynamics
3:09:47 – Evolution of ideas in history
3:17:15 – Postmodernism
3:28:16 – Advice to students
3:36:32 – Lex reflects on Volodymyr Zelenskyy interview

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