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My guest today is Jeffrey Miron, an economist, served as chairman of the Department of Economics at Boston University, currently teaches economics at Harvard University, and holds the position of Director of Economic Policy Studies at the Cato Institute. Jeffrey came to be a libertarian from an economics standpoint rather than philosophical, with Milton Friedman at the helm of his influencers. Jeffrey randomly started working on drug legalization in college and came to the conclusion that ramifications of outlawing anything would apply to all markets whether it be guns or drugs.
The topic is economics.
In this episode of Trend Following Radio we discuss:
- Cato Institute
- Libertarianism
- Bootleggers
- Ramifications of drug prohibition
- Modern Chinese commerce
- Ripple effect of bankruptcy
- Bernie Sanders campaign
- Donald Trump campaign
“It is not that the market is perfect and interventions are terrible. Markets aren’t perfect but the interventions are even worse.”
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