Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Jennifer Burns

๐Ÿ‘ค Speaker
1621 total appearances

Appearances Over Time

Podcast Appearances

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

So this will translate into things like there shouldn't be a minimum wage. He believes the minimum wage has bad social effects, but he also believes you should be free to accept a job at a wage that you yourself have determined is acceptable to you.

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

So this will translate into things like there shouldn't be a minimum wage. He believes the minimum wage has bad social effects, but he also believes you should be free to accept a job at a wage that you yourself have determined is acceptable to you.

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

So this will translate into things like there shouldn't be a minimum wage. He believes the minimum wage has bad social effects, but he also believes you should be free to accept a job at a wage that you yourself have determined is acceptable to you.

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

And there should be very minimal regulation questions around safety and other things because the market will ultimately, if you create an unsafe product, it won't sell and that will be, that's sort of your incentive. So,

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

And there should be very minimal regulation questions around safety and other things because the market will ultimately, if you create an unsafe product, it won't sell and that will be, that's sort of your incentive. So,

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

And there should be very minimal regulation questions around safety and other things because the market will ultimately, if you create an unsafe product, it won't sell and that will be, that's sort of your incentive. So,

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

So he really centers economic freedom because he thinks especially, and he's really speaking from his vantage point in the universities and speaking to the kind of liberal consensus of the 50s and 60s, he thinks economic freedom has been undervalued in the American context. So he really wants to push that forward. He's really kind of taking political freedom for granted.

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

So he really centers economic freedom because he thinks especially, and he's really speaking from his vantage point in the universities and speaking to the kind of liberal consensus of the 50s and 60s, he thinks economic freedom has been undervalued in the American context. So he really wants to push that forward. He's really kind of taking political freedom for granted.

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

So he really centers economic freedom because he thinks especially, and he's really speaking from his vantage point in the universities and speaking to the kind of liberal consensus of the 50s and 60s, he thinks economic freedom has been undervalued in the American context. So he really wants to push that forward. He's really kind of taking political freedom for granted.

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

Now, later in his career, when he becomes famous, he's traveling the world, he spends time in Chile, and this country is now being ruled by a dictator, Augusto Pinochet, who starts introducing economic freedom, but there's no political freedom.

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

Now, later in his career, when he becomes famous, he's traveling the world, he spends time in Chile, and this country is now being ruled by a dictator, Augusto Pinochet, who starts introducing economic freedom, but there's no political freedom.

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

Now, later in his career, when he becomes famous, he's traveling the world, he spends time in Chile, and this country is now being ruled by a dictator, Augusto Pinochet, who starts introducing economic freedom, but there's no political freedom.

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

And Milton Friedman believes eventually these two things are going to go together and tells Pinochet, you've got economic freedom and eventually it's going to bring, it's going to mean political freedom. Pinochet is like, okay, fine. I'm not really interested in that. I want to know what I should do about inflation.

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

And Milton Friedman believes eventually these two things are going to go together and tells Pinochet, you've got economic freedom and eventually it's going to bring, it's going to mean political freedom. Pinochet is like, okay, fine. I'm not really interested in that. I want to know what I should do about inflation.

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

And Milton Friedman believes eventually these two things are going to go together and tells Pinochet, you've got economic freedom and eventually it's going to bring, it's going to mean political freedom. Pinochet is like, okay, fine. I'm not really interested in that. I want to know what I should do about inflation.

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

But then when Milton Friedman leaves Chile, he is attacked and vilified for having been a supporter. He's interpreted that he's a supporter of the regime. Which he's not, but he realizes he has talked too much about economic freedom and he hasn't talked enough about political freedom. And he's kind of assumed political freedom because he's come from the American context.

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

But then when Milton Friedman leaves Chile, he is attacked and vilified for having been a supporter. He's interpreted that he's a supporter of the regime. Which he's not, but he realizes he has talked too much about economic freedom and he hasn't talked enough about political freedom. And he's kind of assumed political freedom because he's come from the American context.

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

But then when Milton Friedman leaves Chile, he is attacked and vilified for having been a supporter. He's interpreted that he's a supporter of the regime. Which he's not, but he realizes he has talked too much about economic freedom and he hasn't talked enough about political freedom. And he's kind of assumed political freedom because he's come from the American context.

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

So then he starts recalibrating them and saying, you know what? If you don't have political freedom, you're never going to be able to hold on to economic freedom. So he sees that they need to go together and they don't naturally go together. And so he starts to become more clear in talking about political freedom.

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

So then he starts recalibrating them and saying, you know what? If you don't have political freedom, you're never going to be able to hold on to economic freedom. So he sees that they need to go together and they don't naturally go together. And so he starts to become more clear in talking about political freedom.