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“Wealth and Poverty” author George Gilder on why economic policies that support entrepreneurial creativity will boost economic growth.
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Well my next guest has influence of the economic policies of President Reagan.
And more recently congressman Paul Ryan.
Through his bestselling -- and here it is wealth and poverty.
And joining us is legendary progressive economist.
-- Social critic and thinker.
-- -- Co-founder of the Discovery Institute George Gilder.
Who's written on technology.
And economics.
It's great to have you with knowledge delighted to -- here.
It as I know launch.
Supply side I got that this this is astonishing.
Eight this book by the way and they we've got them up and we've got to where graphics are gonna.
-- we're secret about this book.
This book.
Is I think along with.
It would you know of the books -- Milton Friedman.
I believe the most important books written on American capitalism.
Certainly in the last fifty years and sixty years.
And I just think it's terrific -- you.
While the book back to reintroduce defaults.
And congressman Ryan apparently.
Studied.
-- need metaphorically.
Through this book.
Well it's exciting to have Romney embraced Ryan and I think that's.
Really represents a turning point for American policy and -- recognition.
That we can't depend done.
Spurring demand.
To.
Impelled growth that growth is a product of entrepreneurial creativity.
And anything.
Policies that don't Foster entrepreneurial creativity destroy demand.
And.
A lot of people.
You know our problem response to hear use talking like that because there's this idea that this is a world cultures resources that there are all behind -- Everything about us is predictive.
And should be predictable.
And -- -- those as you know by the legions and in many people believe that.
The leader of that legion is your drive there were President Obama and we're John Holdren.
Inhalers.
Originals.
Zero sum game scarce resources.
-- sweeping the world by the year 2000.
And I what I called a thumb suckers I won't mention any names that -- won't mention.
I was agreement over the New York Times because he's got everything sort of compartmentalize and his mind so that we should all through answerable -- And sort of work with you know prepare ourselves for the disappointment of the future.
Rather than embrace it and and -- this country and generations of Americans our destiny and our potential.
Well -- -- it's really amazing how government props up the pass in the name of progress and that's what.
Freedman wants he wants the land of Windmills.
And and drew hill drew critical solar cells us.
Occupy huge amounts of land and delivering know.
Significant energy and no benefit to the environment that is the key thing.
Of Thomas Friedman's.
-- posture and it's really a ridiculous but it has also captivated.
Obama administration -- this.
Cast -- move and so that's.
That really is.
Corrupting American enterprise.
And it.
Euribor.
Your thoughts your perspectives and in this park your philosophy.
He is so compelling because.
You don't defend capitalism you don't defend free enterprise.
You advocated.
You abrasive you -- -- create great enthusiasm.
About -- ideas that have made this country's so wealthy.
And people forget.
Created so much well for the entire world that is right ID that the park how important is -- do you believe.
That everybody read this.
More well I think there's a whole new generation out there who really.
Don't grasps the essential principles of supply side economics that galvanized all -- wealth that they currently enjoy.
It really all began -- that turning point when Ronald Reagan.
Assumed office following the Carter administration.
And launch.
Funny.
Thirty years really of expanding.
Growth and now where.
All encrusted with -- regulations.
And litigation.
And we're -- been trying to suppress CO2.
I mean where -- -- But where the life force.
And it's crucial that we opened our horizons of the economy.
And you don't do that by.
Putting a cap on the economy by taxing the rich the rich are businesses that had succeeded.
George Gilder is -- author of this wonderful -- role in poverty opening their horizons of your mind I guarantee you make sure you buy this book.
All right embrace who we are.
And capitalism for all it's --
