Radical Banking Proposals
Friedman and his contemporaries proposed radical banking reforms, such as the concept of 100% money, which would revolutionize the banking system by requiring banks to hold all deposits. While these ideas were seen as emergency measures, they reflect a willingness to adapt during crises. Friedman's flexibility suggests he might have supported initial coronavirus relief efforts, showcasing his pragmatic approach to economic challenges.In this clip
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Lex Fridman Podcast
Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom | Lex Fridman Podcast #457
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