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Jennifer Burns

Published podcast speaker

Claims
46
Episodes
2
Shows
2
Named items
1

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The Fountainhead

“People would say things like, “I read The Fountainhead, and now I’m getting a divorce,” having just these incredible realizations.”

Lex Fridman Podcast · 19 Jan 2025

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Claim ledger

What Jennifer said.

17 transcript-backed records

01 / evaluation

The ones who are more drawn to marginal analysis become known as neoclassical economists. They’re neoclassical, the neo is because they’re using marginal analysis, the classical is because they don’t think we need to change the way the economy operates or the government operates, they’re not progressive.

“The ones who are more drawn to marginal analysis become known as neoclassical economists. They’re neoclassical, the neo is because they’re using marginal analysis, the classical is because they don’t think we need to change the way the economy operates or the government operates, they’re not progressive.”
Speaker
Jennifer Burns
Publisher
Lex Fridman Podcast

02 / evaluation

” So, that really changes the game. This is also one of his most influential contributions, because Friedman and Schwartz becomes the playbook for the Federal Reserve.

“” So, that really changes the game. This is also one of his most influential contributions, because Friedman and Schwartz becomes the playbook for the Federal Reserve.”
Speaker
Jennifer Burns
Publisher
Lex Fridman Podcast

03 / evaluation

He’s a happy warrior, and he actually will win a lot of debates simply by his emotional affect and his cheerfulness and his confidence, where Rand will lose debates because she gets so angry in the face of disagreement.

“He’s a happy warrior, and he actually will win a lot of debates simply by his emotional affect and his cheerfulness and his confidence, where Rand will lose debates because she gets so angry in the face of disagreement.”
Speaker
Jennifer Burns
Publisher
Lex Fridman Podcast

04 / evaluation

The marginal value is less. So, what marginalism does though, most importantly, is it opens the door to math and economics, because it means you can graph this now.

“The marginal value is less. So, what marginalism does though, most importantly, is it opens the door to math and economics, because it means you can graph this now.”
Speaker
Jennifer Burns
Publisher
Lex Fridman Podcast

05 / evaluation

And so one of the core policy proposals of monetarism is let’s grow the money supply at a steady rate. And in the beginning, Friedman just says K%, he doesn’t even put a number on it because he says the number doesn’t matter.

“And so one of the core policy proposals of monetarism is let’s grow the money supply at a steady rate. And in the beginning, Friedman just says K%, he doesn’t even put a number on it because he says the number doesn’t matter.”
Speaker
Jennifer Burns
Publisher
Lex Fridman Podcast

06 / evaluation

I think maybe 5 or 10 years earlier, it wouldn’t have been possible. But the most important thing I had to… The person I really had to convince this was worth doing was myself, because I knew it was an unconventional choice for the field and for a dissertation.

“I think maybe 5 or 10 years earlier, it wouldn’t have been possible. But the most important thing I had to… The person I really had to convince this was worth doing was myself, because I knew it was an unconventional choice for the field and for a dissertation.”
Speaker
Jennifer Burns
Publisher
Lex Fridman Podcast

07 / evaluation

” Pretty quickly Volcker finds that because of inflation and the financial deregulation in response to it, the aggregates don’t work the way Friedman said they would.

“” Pretty quickly Volcker finds that because of inflation and the financial deregulation in response to it, the aggregates don’t work the way Friedman said they would.”
Speaker
Jennifer Burns
Publisher
Lex Fridman Podcast

08 / evaluation

That’s really what makes her so powerful. So, I think she comes back in to relevancy in a different way than Friedman does, because I think in some ways she’s tapped into a more universal human longing for independence and autonomy and self-creation and self-discovery.

“That’s really what makes her so powerful. So, I think she comes back in to relevancy in a different way than Friedman does, because I think in some ways she’s tapped into a more universal human longing for independence and autonomy and self-creation and self-discovery.”
Speaker
Jennifer Burns
Publisher
Lex Fridman Podcast

09 / evaluation

People still read Keynes and Mill and figures like that to see what did they say in their day that was so influential. I think that Friedman has got into the water and into the air a bit.

“People still read Keynes and Mill and figures like that to see what did they say in their day that was so influential. I think that Friedman has got into the water and into the air a bit.”
Speaker
Jennifer Burns
Publisher
Conversations with Tyler

10 / evaluation

I think most of it was manufactured as a campaign against Friedman because ultimately, his impact was similar to what any Western-trained economist would have had.

“I think most of it was manufactured as a campaign against Friedman because ultimately, his impact was similar to what any Western-trained economist would have had.”
Speaker
Jennifer Burns
Publisher
Conversations with Tyler

11 / evaluation

I would say one of the reasons it’s happened is that conservatism became an establishment, and then you have a set of greatest hits, and you have a variety of ways you can make your living within this establishment, provided you adhere to the greatest hits.

“I would say one of the reasons it’s happened is that conservatism became an establishment, and then you have a set of greatest hits, and you have a variety of ways you can make your living within this establishment, provided you adhere to the greatest hits.”
Speaker
Jennifer Burns
Publisher
Conversations with Tyler

12 / evaluation

Sometimes I give a talk called “Milton Friedman Was a Woman” because I think if you pulled all the women out of his life, you’d have a good economist, but I don’t know that you’d have a great economist.

“Sometimes I give a talk called “Milton Friedman Was a Woman” because I think if you pulled all the women out of his life, you’d have a good economist, but I don’t know that you’d have a great economist.”
Speaker
Jennifer Burns
Publisher
Conversations with Tyler

13 / evaluation

He said, “He can’t be trusted, not in that he lacks integrity, but that he’s so committed to what he wants to see that he will selectively interpret the data.” It’s interesting because I see in his letters with him and Schwartz, at one point he says to her, “We didn’t just go and take a bunch of monetary statistics to see what we wanted to see.

“He said, “He can’t be trusted, not in that he lacks integrity, but that he’s so committed to what he wants to see that he will selectively interpret the data.” It’s interesting because I see in his letters with him and Schwartz, at one point he says to her, “We didn’t just go and take a bunch of monetary statistics to see what we wanted to see.”
Speaker
Jennifer Burns
Publisher
Conversations with Tyler

14 / evaluation

The presidential lecture he gave in 1967, saying there wasn’t a long-run tradeoff between inflation and unemployment — there are definitely several key figures in the British political establishment who found that made a big impact on their thinking because they felt like they were living that.

“The presidential lecture he gave in 1967, saying there wasn’t a long-run tradeoff between inflation and unemployment — there are definitely several key figures in the British political establishment who found that made a big impact on their thinking because they felt like they were living that.”
Speaker
Jennifer Burns
Publisher
Conversations with Tyler

15 / evaluation

She, in the end, would say, “Russia, it’s just a mystical state.” It’s interesting because, in recent years, when we’ve seen the glories, the fantasies of Mother Russia, or the role of the Russian Orthodox Church, the mythic importance of Kyiv, or whatever it may be, I think back to Ayn Rand grumbling, “It’s just a mystical state, and they’re all obsessed with mysticism.

“She, in the end, would say, “Russia, it’s just a mystical state.” It’s interesting because, in recent years, when we’ve seen the glories, the fantasies of Mother Russia, or the role of the Russian Orthodox Church, the mythic importance of Kyiv, or whatever it may be, I think back to Ayn Rand grumbling, “It’s just a mystical state, and they’re all obsessed with mysticism.”
Speaker
Jennifer Burns
Publisher
Conversations with Tyler

17 / evaluation

The other thing I would say — I talk about this in some detail as well — in the 1950s, there was a large conflict at the University of Chicago between Friedman and a group associated with the economics department, the Cowles Commission.

“The other thing I would say — I talk about this in some detail as well — in the 1950s, there was a large conflict at the University of Chicago between Friedman and a group associated with the economics department, the Cowles Commission.”
Speaker
Jennifer Burns
Publisher
Conversations with Tyler
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