- Introduction
- Milton Friedman
On time Lex Fridman cited a comment that Milei said it was from Milton Friedman and Lex Friedman said that he didn't if this is true, then Jennifer Burn didn't comment on if the Milton Friedman statement was his or not. It's weird that a person that wrote a biography of Milton Friedman doesn't know one of his many famous phrase, he is what he say:"A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both."He said that in his 1980 book Free to Choose.It is also weird that a so smart person like Lex Friedman didn't check something that takes a second to check. Is like they play the Liberal but for real they are Democrat-Liberal, maybe even Keynesian. Which is ok if they are, but is sad when don't say it directly and act like they are not.
- The Great Depression
- Schools of economic thought
the apples metaphor is beautiful, because if we’re dealing with real apples, the value of new apples doesn’t diminish up until the time the rate of apple quantity growth overtakes my rate of consumption and my stack is getting spoiled faster than I can consume it to sustain myself. I still need new apples to sustain myself, they are valuable, but after that “rate horizon” I can freely share my apples with others without any material harm to myself, I don’t need more, value is zero, cut off, there is no gradual diminishment. So I would argue the metaphor doesn’t work with real apples.And if we’re dealing with fantasy imaginary apples, then then the metaphor fails even faster, because an apple a day keeps doctor away, so I want indefinite supply of apples to reach immortality, hence the value of apples for me never diminishes.Both versions don’t work if your time horizon stretches beyond “today”.
At around , is physics the queen of the sciences? I thought math was the queen of the sciences per Gauss.
classical in neoclassical: grundlegendes System muss nicht revolutioniert werden
- Keynesian economics
Government intervention is what turned a recession into the great depression
- Laissez-faire
- Friedrich Hayek
- Money and monetarism
Everything that happened in the last 3 decades.
- Stagflation
Friedmanns Vorhersage der Stagflation gegen die Implikationen der Philipps-Kurve (Beschäftigung steigt mit Inflation)
- Moral case for capitalism
interesting, looking at events of 2025 presidential inauguration in usa 😂
- Freedom
rules of freedom, v1 - Chille scores high, oh no, let me change the rules; v2 - China scores high, oh no, let me change the rules; v3 - who’s going to game the arbitrary rules next? Maybe society focusing on profit isn’t the solution? Individual profit, sure, people need freedom to feel fulfilled, but as a society - it doesn’t seem to grow the expected fruits, certainly not every time
- Ethics of competition
Notwendigkeit der Transparenz von monetary rules ab
- Win-win solutions
Chile is a different podcast. Yes. People felt thing were wrong regardless the reality is the opposite. Argentina case for extension.
- Corruption
line about fiat, ukraine, and how people feel. these people need to stop sniffing their own farts
USD claims to be a fiat currency, but OPEC and the petrodollar exist
so far so good? Lady, have you been seeing what is happening fiat currency is ruining our society. People can barely afford groceries over here and you saying so far so good. The experiment is over.
- Government intervention
- Conservatism
“it always had, since the XX century” 😂
- Donald Trump
All Donald Trump is doing with tariffs is making each allied nations tariff reciprocal.
Government causes inflation, by printing money it’s like a tax without raising taxes. But actually WE cause inflation by telling government to buy things while at the same time telling the government not to raise our taxes. The government needs to get that money somehow.Search on YouTube:Milton Friedman Speaks : Money And Inflation
- Inflation
At she is absolutely incorrect about MMT and inflation.
- DOGE
@ -Why should we have "compassion" for government employees who lose their jobs? They never get laid off, have a great retirement, and are difficult to fire even when patently bad at their job. I know several firsthand and they live in a bubble. They don't care about workers in the private sector who lose their jobs due to economic or other conditions.
It sucks, but we can't grow government programs in the new directions we need unless we first consolidate. Grow, consolidate, grow, consolidate. I'm struck by the parallels to Randy Shoup's 2022 on Minimum Viable Architecture where he says, "getting to rearchitect a system is a sign of success, not failure." Gov't programs more or less worked for the problems of the time, but we have NOW problems, not THEN problems. As she notes, universal basic income and/or severance packages can at least take out the sting.
- Javier Milei
🦁🦁🦁
Curious as to why Lex repeated his question about Javier Milei?
"A society that puts equality—in the sense of equality of outcome—ahead of freedom will end up with neither equality nor freedom. The use of force to achieve equality will destroy freedom, and the force, introduced for good purposes, will end up in the hands of people who use it to promote their own interests." This is exactly what happened in Argentina.
why did you repeat the question at and
and the equality and freedom friedman quote? seems like a misedit
- Richard Nixon
- Ronald Reagan
- Cryptocurrency
Bookmark
Anyone Know where I can find more details about the argument number system for arguing commented by Milton Friendmans son, mentioned around ?
beautifully said
- Ayn Rand
She just completely skips over Ayn Rands metaphysics?!!
(about Ayn Rand)
That’s true
- The Fountainhead
Her attempt () to argue against Ayn Rands ideas was just an attempt any psychoanalyzing her, and that her positions are a rationalization for her own peculiar life. I've yet to hear anyone actually deal with Rands ideas instead of her when arguing against Objectivism. Not a word on of philosophy or morality or politics. She should have said, "I have no idea" and left it at that.
- Sex and power dynamics
- Evolution of ideas in history
- Postmodernism
!!!
Ideas refused by reality/facts need to adapt or accept their ineffective. If not, they evolve to ideology/religion to keep themselves.l whatever is takes.
- Advice to students
Your Ukranian friend was right. I wish you took his advice. Everything you said here was already obvious to every good-faith listener. There was no need to defend yourself.
- Lex reflects on Volodymyr Zelenskyy interview
Here's just a fact that can't be gotten rid of. This entire interview with Zelensky is a copy of other interviews that he gives almost every week. With the only difference that you gave the "president" a chance to swear.All your words were said within the framework of the American paradigm, with knowledge of the Russian language, you still didn't dare ask a single dangerous question.
listen to his whole monologue not just the snippet everyone wants you to hear.
what a thing to say about a leader who's country was invaded and was the target of assassination by the man you would like to "sit down and have a BBQ with". I truly cannot believe you're condemning Zelensky's hardline attitude given the context of the horrendous war crimes committed by the Kremlin that Ukraine has endured.Lex, why is it that you must always take the middle ground a priori? Your stance in conflict seems to be entirely dependent on where the opposite ends of the spectrum sit. Where is the thinking? Where does all the knowledge from the books you read come into effect?
Kind of logical, but still surprising the disclosure on the proximity of the work interview in Russia . Although the criticism, still he gets to unveil some genuine aspects of those historic figures there, it is up to the audience to project itself on the fresh angles for good or bad, in any case a gain to have it than otherwise, strength to these people who dare! 🎉
🤜🤛👏
