#Debating Systemic Risk again:3/4: Samuelson Friedman: The Battle Over the Free Market. by Nicholas Wapshott .
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 13 March 2023
⏱️ 15 minutes
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#Debating Systemic Risk again: 3/4: Samuelson Friedman: The Battle Over the Free Market. by Nicholas Wapshott .
https://www.amazon.com/Samuelson-Friedman-Battle-Over-Market-ebook/dp/B08589Z7M9/ref=sr_1_1?dchild=1&keywords=Nicholas+Wapshott+%2B+samuelson&qid=1627690920&s=digital-text&sr=1-1
In 1966 two columnists joined Newsweek magazine. Their assignment: debate the world of business and economics. Paul Samuelson was a towering figure in Keynesian economics, which supported the management of the economy along lines prescribed by John Maynard Keynes’s General Theory. Milton Friedman, little known at that time outside of conservative academic circles, championed “monetarism” and insisted the Federal Reserve maintain tight control over the amount of money circulating in the economy.
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| 0:28.0 | Visit workspace.co.uk |
| 0:30.0 | This is CBS, I'm the World. |
| 0:37.0 | I'm John Baxter with Nicholas Wapshaw. |
| 0:39.3 | His new book is Sam Wilson Friedman, the battle over the free markets. |
| 0:43.7 | This is the story of the 20th century and all of the ups and downs of what was called |
| 0:49.0 | politely the business cycle. |
| 0:50.7 | We know it today as recession, sometimes depression. |
| 0:54.7 | The idea that there will be panics in the market, prices will spike and businesses will |
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