This week on Uncommon Knowledge, Richard Epstein, a founder of the field of law and economics at the University of Chicago and fellow at the Hoover Institution, and John Taylor, fellow at the Hoover Institution and Professor of Economics at Stanford University.

Last January, the late Nobel Prize winning economist Paul Samuelson proclaimed the death of the free market:

We see how utterly mistaken was the Milton Friedman notion that a market system can regulate itself…The Keynesian idea is once again accepted that fiscal policy and deficit spending [have] a major role to play in guiding a market economy.

Today on Uncommon Knowledge, our guests respond.

John Taylor: False.
Richard Epstein: Very false

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