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Milton Friedman would have backed the first rounds of coronavirus relief, because he treated an emergency as a category where his ordinary rules were suspended.

Drawn from what Jennifer Burns said

What these subjects mean

economists The economists themselves and the schools they founded -- Smith, Mill, Keynes, Hayek, Friedman -- rather than any one economic question.

fiscal policy The spending-and-taxing half of macro, as against the central-bank half: multipliers, stabilisers, stimulus.

What Jennifer Burns actually said

  1. Jennifer Burns Historian of ideas at Stanford University and the Hoover Institution
    Milton Friedman is very open to doing things differently in a state of emergency. He will have different ideas during World War II than any other time and that's why I argue I think he would have been supportive of at least the first rounds of coronavirus relief because I think he would have put his emergency thinking hat on.

Added to korrents 7 Sept 2026 · How quotes work · Something wrong? Tell us

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