Jennifer Burns

Yes. So the Austrians and the Chicago schools see economic – prosperity and growth comes from individual initiative, individual entrepreneurship, kind of private sources. The private market is what drives economic growth, not the public sector. And so for Friedman, then the question is, What is the government's role?

Yes. So the Austrians and the Chicago schools see economic – prosperity and growth comes from individual initiative, individual entrepreneurship, kind of private sources. The private market is what drives economic growth, not the public sector. And so for Friedman, then the question is, What is the government's role?

And because he's lived through the Great Depression, he's not laissez-faire and he won't ever be laissez-faire. Now, interestingly, Hayek living through the Great Depression at first is laissez-faire. And he's like, sure, like, let it rip. And things get so bad that Hayek's like, okay, that's not going to work.

And because he's lived through the Great Depression, he's not laissez-faire and he won't ever be laissez-faire. Now, interestingly, Hayek living through the Great Depression at first is laissez-faire. And he's like, sure, like, let it rip. And things get so bad that Hayek's like, okay, that's not going to work.

And because he's lived through the Great Depression, he's not laissez-faire and he won't ever be laissez-faire. Now, interestingly, Hayek living through the Great Depression at first is laissez-faire. And he's like, sure, like, let it rip. And things get so bad that Hayek's like, okay, that's not going to work.

So yeah, laissez-faire means leave a B in France. It's more often used as an insult than as an actual. Very few people are completely and totally laissez-faire. that would be like the pure laissez-faire would be the sort of pure, maybe pure anarchist position, like the state does nothing or the state isn't even there.

So yeah, laissez-faire means leave a B in France. It's more often used as an insult than as an actual. Very few people are completely and totally laissez-faire. that would be like the pure laissez-faire would be the sort of pure, maybe pure anarchist position, like the state does nothing or the state isn't even there.

So yeah, laissez-faire means leave a B in France. It's more often used as an insult than as an actual. Very few people are completely and totally laissez-faire. that would be like the pure laissez-faire would be the sort of pure, maybe pure anarchist position, like the state does nothing or the state isn't even there.

But it tends to, if I could maybe make it more precise, it would be focused on freedom of contract would be essential. And that means like the buyer of labor and the seller of labor must have absolute freedom to contract. So that means no minimum wage law, no working hours law, no employment law, things like that. That was, and this is all pre-progressive movement.

But it tends to, if I could maybe make it more precise, it would be focused on freedom of contract would be essential. And that means like the buyer of labor and the seller of labor must have absolute freedom to contract. So that means no minimum wage law, no working hours law, no employment law, things like that. That was, and this is all pre-progressive movement.

But it tends to, if I could maybe make it more precise, it would be focused on freedom of contract would be essential. And that means like the buyer of labor and the seller of labor must have absolute freedom to contract. So that means no minimum wage law, no working hours law, no employment law, things like that. That was, and this is all pre-progressive movement.

A lot of things are that way, right? You, you know, imagine you're in 19th century America and you have a farm and you hire someone to help you on the farm. You offer the money, they take it. If they fall off a ladder and break their back, maybe you help them out, maybe you don't, right? But there's not a whole apparatus of legal liability and safety and things like that.

A lot of things are that way, right? You, you know, imagine you're in 19th century America and you have a farm and you hire someone to help you on the farm. You offer the money, they take it. If they fall off a ladder and break their back, maybe you help them out, maybe you don't, right? But there's not a whole apparatus of legal liability and safety and things like that.

A lot of things are that way, right? You, you know, imagine you're in 19th century America and you have a farm and you hire someone to help you on the farm. You offer the money, they take it. If they fall off a ladder and break their back, maybe you help them out, maybe you don't, right? But there's not a whole apparatus of legal liability and safety and things like that.

So that would be one piece. Another piece of laissez-faire would be free trade amongst nations, right? So no regulation of who can invest in a nation or who can take money out of a nation. So Nippon Steel could come and invest in U.S. Steel and there would be no grounds in which to reject that.

So that would be one piece. Another piece of laissez-faire would be free trade amongst nations, right? So no regulation of who can invest in a nation or who can take money out of a nation. So Nippon Steel could come and invest in U.S. Steel and there would be no grounds in which to reject that.

So that would be one piece. Another piece of laissez-faire would be free trade amongst nations, right? So no regulation of who can invest in a nation or who can take money out of a nation. So Nippon Steel could come and invest in U.S. Steel and there would be no grounds in which to reject that.

Or you could, as a billionaire in the United States, relocate you and all your money to another country and the United States couldn't try to keep you and nobody else could stop you from coming in. And then in the context of economic crisis,

Or you could, as a billionaire in the United States, relocate you and all your money to another country and the United States couldn't try to keep you and nobody else could stop you from coming in. And then in the context of economic crisis,

Or you could, as a billionaire in the United States, relocate you and all your money to another country and the United States couldn't try to keep you and nobody else could stop you from coming in. And then in the context of economic crisis,