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Jennifer Burns

πŸ‘€ Speaker
1621 total appearances

Appearances Over Time

Podcast Appearances

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

So the ironies of inflation could be continuing.

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

You know, his signature policy move, I talk about this, is taking the price mechanism and trying to make that into the policy. And that seems sort of obvious to us today, but in the era that he came in, so there would be rent controls. Let's take away rent controls. Let's let housing prices set themselves. Or he was very against national parks.

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

You know, his signature policy move, I talk about this, is taking the price mechanism and trying to make that into the policy. And that seems sort of obvious to us today, but in the era that he came in, so there would be rent controls. Let's take away rent controls. Let's let housing prices set themselves. Or he was very against national parks.

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

You know, his signature policy move, I talk about this, is taking the price mechanism and trying to make that into the policy. And that seems sort of obvious to us today, but in the era that he came in, so there would be rent controls. Let's take away rent controls. Let's let housing prices set themselves. Or he was very against national parks.

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

I actually think that national parks are good, so I hope the Doge people don't take this up. But... That rather than an allocation to fund the national parks, they should be funded by the revenue that they bring in when people visit them. And so I think he was always looking to let's let prices make the decisions here. So I think that would be one of the key pieces.

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

I actually think that national parks are good, so I hope the Doge people don't take this up. But... That rather than an allocation to fund the national parks, they should be funded by the revenue that they bring in when people visit them. And so I think he was always looking to let's let prices make the decisions here. So I think that would be one of the key pieces.

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

I actually think that national parks are good, so I hope the Doge people don't take this up. But... That rather than an allocation to fund the national parks, they should be funded by the revenue that they bring in when people visit them. And so I think he was always looking to let's let prices make the decisions here. So I think that would be one of the key pieces.

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

The other thing I think he'd really be thinking about, he wrote about this a lot, about occupational licensure and barriers to entry. And he felt like one of the worst things that government does, and sometimes it's private entities that do this, is create barriers to entry to protect industries and markets.

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

The other thing I think he'd really be thinking about, he wrote about this a lot, about occupational licensure and barriers to entry. And he felt like one of the worst things that government does, and sometimes it's private entities that do this, is create barriers to entry to protect industries and markets.

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

The other thing I think he'd really be thinking about, he wrote about this a lot, about occupational licensure and barriers to entry. And he felt like one of the worst things that government does, and sometimes it's private entities that do this, is create barriers to entry to protect industries and markets.

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

So he talked about this in the case of the medical profession, which I think is actually not a good example because I thinkβ€” we all have a collective investment in having medical doctors be highly trained. But so for instance, you could look at, um, you know, nail technicians or haircutting. There's often these licensing requirements or there's a sort of big kerfuffle.

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

So he talked about this in the case of the medical profession, which I think is actually not a good example because I thinkβ€” we all have a collective investment in having medical doctors be highly trained. But so for instance, you could look at, um, you know, nail technicians or haircutting. There's often these licensing requirements or there's a sort of big kerfuffle.

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

So he talked about this in the case of the medical profession, which I think is actually not a good example because I thinkβ€” we all have a collective investment in having medical doctors be highly trained. But so for instance, you could look at, um, you know, nail technicians or haircutting. There's often these licensing requirements or there's a sort of big kerfuffle.

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

I think it's DC passed a law that to run a childcare center, you have to have a college degree. Well, what does that do? I mean, that disenfranchises a whole bunch of would be entrepreneurs who don't happen to have a college degree, but probably could be really good at this particular business. So I think he would be saying, um,

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

I think it's DC passed a law that to run a childcare center, you have to have a college degree. Well, what does that do? I mean, that disenfranchises a whole bunch of would be entrepreneurs who don't happen to have a college degree, but probably could be really good at this particular business. So I think he would be saying, um,

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

I think it's DC passed a law that to run a childcare center, you have to have a college degree. Well, what does that do? I mean, that disenfranchises a whole bunch of would be entrepreneurs who don't happen to have a college degree, but probably could be really good at this particular business. So I think he would be saying, um,

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

Look out for where private interests have used the state to protect themselves and clear away those types of barriers and let competition through prices guide outcomes.

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

Look out for where private interests have used the state to protect themselves and clear away those types of barriers and let competition through prices guide outcomes.

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

Look out for where private interests have used the state to protect themselves and clear away those types of barriers and let competition through prices guide outcomes.

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

Yes, yes.