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The great mistake of recent decades was forgetting that inflation built the last political order, and underestimating what its return would do to this one.

Drawn from what Jennifer Burns said

Subjectinflation
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What Jennifer Burns actually said

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  1. Jennifer Burns

    Historian of ideas at Stanford University and the Hoover Institution

    And so the great mistake of the past years was to forget how fundamental inflation was to the rise of the last political order and to profoundly underestimate how much inflation would change the current political order.

    Where this was said

    Watch from 1:57:12 plays here

    ↗Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom | Lex Fridman Podcast #457youtube.com

    video · 3h 54m · spoken · official transcript

    All 20 korrents from this recordingthis one is 14th

Added to korrents 19 Jan 2025 · How quotes work · Something wrong? Tell us

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