Jennifer Burns

And Friedman will never give Volcker credit for this policy, but he will give Reagan credit for this policy. But he owes credit himself for keeping Reagan from wobbling on this policy and just... pushing it through. And he also tells Reagan very pragmatically, you better do this now. You've got a four-year term. Do this in the first two years of your term.

And Friedman will never give Volcker credit for this policy, but he will give Reagan credit for this policy. But he owes credit himself for keeping Reagan from wobbling on this policy and just... pushing it through. And he also tells Reagan very pragmatically, you better do this now. You've got a four-year term. Do this in the first two years of your term.

And Friedman will never give Volcker credit for this policy, but he will give Reagan credit for this policy. But he owes credit himself for keeping Reagan from wobbling on this policy and just... pushing it through. And he also tells Reagan very pragmatically, you better do this now. You've got a four-year term. Do this in the first two years of your term.

Things will have turned around by 1984 when you run for re-election and you'll benefit from it. And that's absolutely what happens.

Things will have turned around by 1984 when you run for re-election and you'll benefit from it. And that's absolutely what happens.

Things will have turned around by 1984 when you run for re-election and you'll benefit from it. And that's absolutely what happens.

Yeah.

Yeah.

Yeah.

There's a clip, I think it's in 1992, where people say, oh, Friedman predicted cryptocurrencies because he's talking about how payments will eventually be electronic. So in some ways, he definitely, as he was looking at the computer and money, he knew these would come together in some way. You know, I think he probably would see a use case for crypto.

There's a clip, I think it's in 1992, where people say, oh, Friedman predicted cryptocurrencies because he's talking about how payments will eventually be electronic. So in some ways, he definitely, as he was looking at the computer and money, he knew these would come together in some way. You know, I think he probably would see a use case for crypto.

There's a clip, I think it's in 1992, where people say, oh, Friedman predicted cryptocurrencies because he's talking about how payments will eventually be electronic. So in some ways, he definitely, as he was looking at the computer and money, he knew these would come together in some way. You know, I think he probably would see a use case for crypto.

He definitely would not buy the stronger forms, I think, of crypto.

He definitely would not buy the stronger forms, I think, of crypto.

He definitely would not buy the stronger forms, I think, of crypto.

crypto ideology in which we could be heading towards a future in which there's many different currencies that compete or that are distributed or there's a stateless currency and he addresses this very very clearly because hayek's denationalization of money it's a paper in the late 70s you know hayek argues for this kind of competing currency model or regime and so he's responding to that he's responding to people writing about free banking and he basically says look

crypto ideology in which we could be heading towards a future in which there's many different currencies that compete or that are distributed or there's a stateless currency and he addresses this very very clearly because hayek's denationalization of money it's a paper in the late 70s you know hayek argues for this kind of competing currency model or regime and so he's responding to that he's responding to people writing about free banking and he basically says look

crypto ideology in which we could be heading towards a future in which there's many different currencies that compete or that are distributed or there's a stateless currency and he addresses this very very clearly because hayek's denationalization of money it's a paper in the late 70s you know hayek argues for this kind of competing currency model or regime and so he's responding to that he's responding to people writing about free banking and he basically says look

even if you developed a variety of competing currencies, eventually society would converge on one. And that's because people just want one currency that they know they don't want a bunch of different options. Even in places where there have been options to do that, they've been used very minimally. And then he says, secondly, the state always steps in.

even if you developed a variety of competing currencies, eventually society would converge on one. And that's because people just want one currency that they know they don't want a bunch of different options. Even in places where there have been options to do that, they've been used very minimally. And then he says, secondly, the state always steps in.