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Are we still living in Milton Friedman’s economy?

While campaigning for President in 2020, Joe Biden declared, “Milton Friedman isn’t running the show anymore” in an interview with Politico. Yet 17 years after the economist’s death, many of the ideas Friedman wrote and talked about still shape current economic thought and policy. 

Jennifer Burns is an associate professor of history and author of a new book called “Milton Friedman: The Last Conservative.” She spoke with “Marketplace” host Kai Ryssdal about Friedman’s life and legacy. The following is an edited transcript of their conversation. 

Kai Ryssdal: Let me go to the subtitle of your book first. Why “The Last Conservative”?

Cover image for “Milton Friedman: The Last Conservative” by Jennifer Burns.

Jennifer Burns: So, that’s a great question, and…

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