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There is no end to their greed they're -- your money.
Such are the ways of Wall Street that's where we need government intervention.
The left without it.
Just think okay.
But not -- think so take the case.
Make new ones might get say greed works greed is a good day really never bad read it right.
Read works is greed good.
That's our show.
-- -- -- -- -- People say greed caused our financial problems people hate greedy bankers and other businessmen.
And lots of people in business or greedy but then again aren't you.
Who -- -- -- CNN documentary and agreed that included an experiment that showed how greed can be self destruct.
We've gone to play a game.
The out of college as Julian -- test people's greed by putting dollar bills -- the ball and saying at the word go you can get as many dollars for yourself as you can't.
But every ten seconds if there's money left.
He'll double those two dollars a from the -- -- -- -- -- -- of two dollars and but the game hands to the contestants -- the ball so what happened.
-- -- -- She should have made more money -- they just left have to build them but they don't work that out.
Even let them do it again Sally -- is a liberal blogger who writes about that selfish attitude and now govern church must temper.
-- Look I don't think greed is a bad thing at all I mean we all have a little bit agreed in asked the question is what values -- we hold.
Alongside -- as a as a country as a society.
That we encourage the balance out those impulses so that we operate for.
The better good of.
All right -- Boudreau is an economist from George Mason University takes the libertarian position that government should butt out.
Except for in forcing.
Rule of law when he may well property rights which actually constraints self interest.
I actually don't like -- got but I like distinguish between greed and self interest were also interest that we care more about ourselves -- found their loved ones that we care -- strangers justice who we are in any economy that we have will inevitably be based on.
Self interest the problem of -- he has.
It's people grabbing more than they deserve people grabbing beyond the rules when they deserve who decides what we deserve I don't think there's a difference between the -- -- the market decides in the problem with the government is that it is the one institution that best allows people to grab.
More than what they deserve government is the institution that fuel greed for more than markets ever did.
Graham part of this right like I think for too long government has in fact been operating two for instance allow big businesses.
To get you know a bigger share of the market -- and half of all this is as crony capitalism exactly facilitated by government.
But also positives tied to government as well with -- we agree I think self interest is a human.
But we temper that impulse with impulses we don't just say you know look you're allowed to go do whatever you want to do when your neighbor's -- -- in the public square -- this and that.
We also have values of community we have values of the common good.
-- -- -- -- Alternatives business this is the business Chan didn't expect her -- with the ball the money that we showed earlier the participants eventually do.
Figure out that it's in their greedy self interest to pray for -- -- not empty table three east.
-- -- -- At a given time and then there will never be among them and do the folks.
That -- just as greedy but now they're cooperating I would argue.
Without government except setting the rule for if you own it it's yours that's what is this stuff.
It doesn't it's not that and therefore people coming together and saying we're gonna operate beyond our own individual self interest that is what government is that's why the founding fathers created a -- a -- and Donald is one.
Now how but McDonald's doesn't include everyone in the community right that's but -- but I definitely show off in the Canon Z they lose.
Customer by definition what again what -- government doesn't that says look and and the part of the other formula dismissing from -- -- is what about inequality to my mind as a sort of like.
You know let's imagine we were all part of a large family right.
And we had to take that we all had to share right except let's just.
I know it's hard to go there but imagine for sake of argument that I happen to be -- you know stronger more hardworking member of the family so you know -- get like.
A decent you know -- -- cake that I get to -- right and that's my -- and he's a -- kid if he hasn't worked disheartening he hasn't tries hard.
Little piece of cake but he has to live -- -- -- -- is on constrain -- America is like one cake and it's the rich take a big piece we all have let's look there's no there's there's no line we can also trying grow with the cake.
But the reality is right -- our -- society.
We ethics resource is where we say look if you're gonna cut taxes for the wealthy and now we have less resource you -- literally right now we say we're gonna cut taxes for the wealthy and that means we're gonna have less.
Stood must've spent on public programs that help porn welcome people that helped them get work.
It's just not true.
I don't like the the the analogy because it makes it seem as if the economy's wealth is -- is -- fixed size and if that were true and indeed the more you have the -- there is four -- -- -- for John but that's not the case it's a bad analogy but it seems to say that if Bill Gates takes fifty billion dollars.
He takes this huge -- and we have less.
I would argue heat baked a whole new -- or several -- Steve Jobs speak to cake and and all these entrepreneurs -- -- pursuing their own self interest share.
That that they.
Make us all rich and you know what that's why Bill Gates he can -- a giant norm this piece of this you're -- with family he got you have a much bigger key piece -- -- -- look the problem with inequality.
And the problem when you have one take a report -- or even an infinite number of takes is -- inequality tends to compounded itself in less we say you know what we want to make sure you have.
A chance to help bake your own -- -- we want you to have the government programs the public education quality -- all of those things helped your cake get baked in the first place.
I think that's historically inaccurate if you look at the time in America where you had less -- -- the least amount of government in our history really the nineteenth century.
People think it's to put the richer get richer the people who got rich with John.
Rocco was born -- came in this country with nothing they -- huge cage which made the rest of us wealthier.
And we all looking that's the key they made the rest of us -- I don't I you don't I would that I will quibble that historical analogy mean you don't take a Rockefeller met the rest of -- else.
What -- well -- he lowered the price of you know.
Blaming anyone for success I think anyone in progressives are doing or saying there shouldn't be entrepreneurship.
There shouldn't be in senate.
You want to balance that with the kinds of public infrastructure that creates opportunity for the next generation things like the GI bill things like.
Good public schools things like roads that help the next generation of companies get their products to market.
Let's talk about inequality makes me comfortable and it's true some have much more and yet what you economists have taught me is by letting them.
Indulge -- agree if pursued more money for themselves that it.
Poor people better off in the last forty years there has been -- quote -- economic recovery.
And 80% of those gains have gone to profit.
And 1% have gone to widgets so it doesn't -- doesn't bare facts don't bear out this very idea at all but 1% is better than no person -- -- The negative tell -- to the 1% of people had stagnant growth for the last generate up.
The reason the economy's -- growing has nothing to do with what you mentioned has to do with the fact that -- that that the government is weak too big now and it's promising even more taxes if the current administration gets gets elected that's why -- -- and silent.
Corporations want to make more money didn't want to sit.
On their awards they're sitting in the courts because they think -- departure they want to make more money that one takes it for me but the bit with the beauty of the market system the beauty of private property rights is that they can only make more money by making you when you better.
That's the beauty listen if I thought it were true I mean this I'm not ideological in the -- apart photo we're true.
I would say look hey not you can count the whole cake -- that you can have the whole cake.
If somehow eventually some of that ticket and trickled -- but I don't have a biological system works it can trickle down in the way I like -- -- haven't you bear that out there and college.
You're -- you're talking about people read this you -- giving it from you to meet people make their cakes.
Steve Jobs became rich to use him as an example he bake a lot of -- but he got.
His own launch -- only by baking -- about the cakes for lots of other people that's how he became rich.
I personally don't care if he got.
X percentage more than than somebody else.
Somebody else wouldn't have gotten anything from Steve Jobs had he not had the incentive that the market to cause him to create these huge -- let me ask you guys a weird question.
Who did more for the work Mother Teresa.
For Michael Milken.
-- Mother Teresa I was selfless and she helped lots of people.
Michael Milken was this guy who went to jail he supposedly broke financial rules he invented junk bonds.
-- -- with Michael oh Michael Milken -- -- or how but making financing.
Financing much more efficient than it was.
Made the capital markets more efficient that made entrepreneur awards.
Better able to get.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- But it -- capital more available this -- help more people than mother Terry so let's say you know.
And of course I'm gonna go with Mother Teresa but we can't create thousands of -- -- on after her -- I'm not excessive I -- Mother Teresa because my heart goes after I think she was a good person but so I don't.
You know lots people have created a lot of jobs in this world by sending American jobs overseas to China.
That according to greed is good is a good philosophy according to the American economy it's oh no not -- not out of.
That absolutely not a -- -- -- -- because because when when the patients treated with other nations they become wealthier.
Americans benefit by -- -- foreign nation it's always -- the data show that it happened -- we can't solve this that I have to thank you Kelly can't we Don Pedro UK next enjoy your cake and greed make you happy.
Next guest says yes he says -- says we should tap into our inner Gordon -- For lack of better word.
Greed works twelve -- -- the hustle it's not a popular opinion.
So I was surprised to read that article at CBS news.com.
Of all places that says yes it embraces.
Loved it live it happened to your inner Gordon Gekko.
-- The column was written by financial advisor Robert pod Leo party is set -- -- -- -- -- really thank you so really love it live it what do you make.
Greed is good for lack of a better word greed.
Why would -- that's not.
People the audience disable it it is self -- I would I would argue that greed is a good thing greed is never bad.
Greens saves lives when you have companies.
Who are greedy inherently.
Looking to make a profit.
They're designed to.
Build better products to create better services that all benefits mean -- benefits you benefit everybody.
He writes agreed was the foundation for this country it was.
I don't see greed in the declaration of independence know that the pursuit of happiness.
That is in the declaration of independence but pursuit of happiness happiness comes from family people who believe in god are happier.
Moving toward a goal that has a little to do with greed but the other still.
-- sure family can make you happy religion can make you happy there are a lot of things that you make everybody happy.
But if I -- reed -- asleep pursuing a goal.
But could make me happy I'm talking about that burning desire you know what you want you're gonna move mountains to get it.
And -- Gordon Gekko was implying that let let's look at the rest of his speech from that first Wall Street movie because he goes on beyond.
Greed is good he gets specific.
Cuts through any cash.
But love knowledge as mark upward surge of mankind and -- Mark primaries.
Will not only -- -- -- paper but that other malfunction corporation of the US.
Gordon Gekko is viewed America.
As a selfish evil guy right I'd think here's why.
Because for so many of us we think that if I'm pursuing something that's going to make me happy.
That's going to hurt you.
But but he doesn't just because I'm going after what I want in your going after what -- want.
That's what this country is all about -- saying -- really just ambition.
It -- -- -- you call it enlightened self interest as its candidate and less it's it's wanting something better.
A better life something better you're not -- I'm an author.
When you're up at 1 in the morning writing that book it it wasn't because he wanted to influence three or four people.
You wanted to influence millions of people it's that ambition that desire for more that fuels us to pursue more.
Mixes work harder and most of that is toward good things absolutely.
Now you wrote a book the other eight hours and maximize your free time to create new wealth and purpose.
The other eight hours -- asleep for eight.
You work for eight the I didn't sleep a certain amount you work a certain amount but to get a little bit more greedy in the free time that you have which is clearly not eight hours but.
If you have a little bit of free time get greedy with it take a little bit that thought of that time -- do something marvelous with your life.
You take your own food to parties.
-- -- -- -- -- I don't agree with how it does I am I am quite greedy when it comes to my health.
There are many things I do not eat and so I will.
It with that the embarrassment of my wife bring up my own food to various parties.
And of course I get I -- looks though like why is he doing that's its biggest fight at the horse gets ticked off.
Here -- feelings are hurt it but that's OK you know why it's okay because I care so much about myself and my health.
I'm willing to sacrifice the dirty look -- to.
To do that.
New ways to think about the word -- thank you Robert -- -- -- You say in Italian -- in -- -- hit hello Maria -- coming.
Who hits John golf and will -- -- -- eventually find it.
The new college wrote -- please come.
The new atlas shrugged movie just came out it's now playing -- a thousand theaters good.
I say that because it's faithful to the book and the book.
Brilliantly predicted today predicted the suffocating bureaucracy that gradually kills freedom and opportunity.
Last year there was an -- moving to but that was just part one of the series and it was a rush job correctly West -- good.
Crypto is better that movie maker had more time and more money did do -- and the movie maker is libertarian businessman John meal bar.
So you made this happen.
Why it be -- be that nobody else made it happen over the years because.
A million copies even now 55 years after she wrote it it's.
Number hundred or something in the Amazon list my book is below that in my book -- -- who.
-- It's been raided one of the most influential books and America after the Bible.
And yet nobody made a movie about.
John I bought the rights and in 1992.
I thought it would be a -- outsource I thought that there would be studio -- and then yeah investors would jump all over but the it didn't happen there were many false starts and the right for expire mid June to an early April I guess that -- out and is an entrepreneur or.
Trying to develop a team we did develop a team and two and a half months later we started principal photography he spent ten million dollars of your own money.
Yep production budget was about five and a half and then he had arrested it was -- unified.
This -- you had more time for and you spent twice as much again if your own money.
Number and in part to IE I did put -- part but we had a half a dozen investors brother did double -- -- the budget to.
Two point nine beat him with a -- ten million production budget.
So the movie set in the near future this social unrest because there are few jobs gasoline costs more than forty dollars.
A gallon -- the government's rules crushed the oil business.
And a few entrepreneur or is like taking -- struggling to keep their businesses.
Alive and that's faithful of the book it is it is and we we discovered that.
There are so many.
-- -- and hours who -- to move.
And said yes you know I'm under appreciated.
And I'm denigrated.
And in this movie approved very popular -- them.
Because the political class in the business -- frankly.
Don't get along.
Well let's play clip that illustrates that in.
This seeing James Taggart the empty suit who holds the title of president of the railroad is giving what he considers a noble speech.
Are higher than profit.
Is that an aristocracy of money.
We have the aristocracy of pull.
I mean now it's about influence but you -- that all perfect.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- I was so you think money is the brutal -- -- Have you ever ask yourself what's the mood of money.
-- -- -- Tool that allows us to -- -- one and.
I think -- ran and that scene it's a six page scene in the book she's really saying there and that money.
Is the root of all good.
-- information it's information but also money is fundamentally a barometer.
About societies virtue.
Because that allows people to create.
Where they are producing to the maximum of their ability and they do it.
Not for arguably then whatever Matt maximum is -- people can seek the best within themselves and money is the barometer of that or the score enables them to to maximize their their life and the amount of money they make.
Reading atlas shrugged them earlier it was in my thirties I was impressed how she years 55 years ago could know even.
The kind of terms that politicians use today.
Mean she wrote about laws like the equal equalization of opportunity -- And in this scene Hank -- on trial for violating something called the fair share.
If you believe you may -- my property simply because you need it.
Well -- so does any burglar mr.
-- you are misrepresenting.
The latter and the intent of the fair share law it is based.
On the highest principle the principle all the public good.
That's settles in America today the principle of the public good fair share.
It does unfortunately excel but you know the underlying theme and that scene is that.
Don't continue to denigrate me.
Appreciate what the producers do its speed jobs are not created Johnny and I created by politicians are created by people and what that scene.
And I you know indicate it is.
If you continue to not appreciate what beyond repair or dies in creating -- jobs in the well the GNP of our society.
We're gonna shrug.
We're gonna go on strike but people don't go on strike in.
Atlas shrugged -- -- -- they go to create their old world aware of the better people have a freer and more prosperous life but -- real life.
You this -- types just take.
Yeah up up up to recently I think you're right but John it's happening it's beginning happening friends of mine who.
Will talk and -- I can go another year to were fine.
But I'm gonna stop I'm gonna sell my company I'm gonna go to would beat him to retire.
I think you're gonna see more and more in the news frankly I think you're going to see entrepreneur awards finally say enough.
Another part of the movie that I -- was this quick exchange this is -- when he.
-- There's no use whatsoever.
I think about that when I think about -- 150000.
Pages of regulations that were forced to -- -- another thousand pages a week.
People say well they don't really affect me they won't hurt me but it gives the government the power.
Enforce and that's dangerous it is dangerous I've been involved in thirty years.
Dozens of different companies that we -- site next the exercise a -- I don't urgency of side that that's correct thanks for the arc trainer opportunity.
Had to say but we have hat.
In the business and -- constantly dozens of lawsuits every year I've been involved with several hundred I've settled.
Dozens and -- you know -- people.
The fact is they are -- so many lawsuits that.
I'm from -- -- constantly involved -- mr.
easy target look at TV you see constantly.
Lawsuits for mesothelioma.
Or lung disease or one damn thing after another it's and not.
So you said it's going to be a third movie to complete the trilogy there will be eight.
There will be a third part of a complete the trilogy -- target date 80s July 4 2014.
We look forward to that the new atlas shrugged movie think you should and -- -- upcoming -- Well argue about the morality.
Is capitalism in the wealth disparity that comes -- that immoral.
Gonna give you might take and all that's good.
Social justice and we push for social justice and that's our job when President Obama strongly believes in social justice social justice and social justice here at home.
Social justice I'm sick I'm at the left says they're for social justice and who could oppose that if you do you must pay for what social injustice.
I can't -- for social justice.
But what that's come to mean is a big welfare state taken from rich people and giving it to the poor and that just seems fair to people.
John tomorrow as he faces that attitude all the time he's a professor at Barack -- university one of the most -- liberal schools in America.
So you say free markets -- a way to help the poor but that can't go over well -- It was -- fairly well that durable surprised -- at first.
But I have some time to talk -- about what I mean.
Many -- the power of the idea but as someone who contradict some of these leftist ideas aren't you a pariah isn't that hostile.
It's always interesting -- brown and occasionally hostile but usually it's not browns browns a wonderful place.
Well I say hostile because I had my own experience there I went there to cover story years ago because a brown student was hounded out of school.
After he slept with the young woman who later said she was drunk and therefore couldn't give consent and -- that was.
-- I want to ask about that because when -- with a college sex and alcohol were often combined and what was this new definition of rape.
An activist there said this was not a discussion that should even be allow.
I have a little like -- yeah I admit it maybe.
At this school -- learn is that there is one opinion.
And the other opinion turns out to be wrong.
And then somebody pulled out my my course and they scream it is not TV hype so this is my understanding about -- the totalitarian.
Left it's unfair.
It's -- -- that was not -- finest moment in some of those students in fact I just about to promise a new professor and that happened from the students were in my office before they went to meet you.
And I urge them not to go because in that instance brown was wrong.
Dead wrong on that case and also to set to them if you go to eat up he'll eat for lunch which he did.
Proud of the punishing people -- -- More -- I'm glad to hear that all right let's go to this other kind of progress at a -- you'll have written a book free market fairness.
And I would think brown students and many Americans would say.
What's fair about the free market because.
It creates this wealth disparity some -- much richer than others yet.
What -- -- it a free -- fairness can only -- -- made sense of you can note furnaces so you have to ask what is justice -- what is -- Most people think most -- a little justices.
-- think it means something.
Like equality so if you want to have a fair society or just society.
You finish up to decide whether slots or redistribution from the taxation from the rich to the -- and that's a just society.
Especially compared to the -- great inequality.
Let's decide they were sits on the rich people got rich because their parents -- -- -- advantages it's unfair so which of these two societies is more fair.
Most proud freshman brush off the boat a month ago -- -- my class and think well this once they are obviously.
-- this play for a minute.
Let's play it over ten years fifteen years 25 years the society that encourages equality and focuses on those questions does not appropriate much.
Chris -- side -- that -- entrepreneurs celebrates a certain kind of greed.
Urges people to good out there make great things for themselves that's -- -- starts to grow enough look at it again.
Which of these two societies is more fair which is more jobs -- watch my thumbs.
My thumbs indicate the poorest people.
If you say this at the just society that -- -- -- about equality but not the -- I think fairness requires we focus on the -- and we ask me that I with the whole social system by asking at least in part.
How does -- system tend to work for the -- for the working more overtime.
Even though it's more unequal absolutely.
Absolutely that -- called -- -- equality is gonna do some driving the pulled out lowest group up.
And what's really important that says the debates a court -- for students especially what we really care about for a just society is -- -- horse at the -- Not did you pocus on the war.
We focus on the floor.
-- -- -- -- -- -- -- And this goes back to the conversation we had earlier about the pink -- sits to the left -- -- -- and Bill Gates takes to build the big piece that's right you say.
I say we should ask ourselves what kind of the society we want to work and let them -- kind of society should be a better morally more -- community.
As one and encourages people to unleash their creativity in the world.
To stand up on their own two feet makes an able and wanting to -- com -- of their own lives.
That's the community that we want to let me wanna have a community where people or one -- -- we have almost -- -- built her a cake -- Analysts and the only cake baker and make more takes new takes new kinds of confections and thought -- yet that's a better society it's a better society for people.
And by the end of the term brown your students start to come around with a lot of them do.
A lot of them do.
On this is a maneuver your version of libertarian is on the people -- bleeding heart libertarians some students -- brown joke about it that embryonic gospel of a change of libertarian thinking.
After -- social justice.
And they call the gospel according to John.
Now you know with a little -- done.
But -- -- -- it is different.
Are what an idea what about my earlier question then who did more for the world Mother Teresa.
Wore the jailed Michael milk and painful question mine I have -- -- my grandmother Mary O'Connell so devout Catholic and a huge fan of mother Theresa.
Just about -- over -- grade forgive me cuts.
Michael Milken did far more for the world the mother -- For one obvious reason and not just his philanthropy which is really important also but the work -- to make capital markets more efficient.
It created wealth it enable people to stand on their own two feet as causes of their own lives to become economic independent.
That's a really important gift that she didn't know and is doing -- -- intend to do that humanity and -- and out of impaired.
Border when a magical thing to help other people become responsible causes of their own lives while more respectful lake community -- Thank you John tell Ozzie when we come back a different take on what really -- four -- We want -- poster and not just drugs.
But for people all over the world were poor and we have to stand up for the -- -- Greed is -- past -- were.
People talk about today's Corey but a lot people have always been greed greed to constant.
The beauty of -- free market though is that it harnesses -- so pursuing profit produces good stuff for most everyone.
The way to get rich and a free market is to serve your customers well.
I think that makes the market more maybe -- should use the word greed I should call it enlightened self interest.
Two people who have done more than most anyone to explain how capitalism is moral are seeing for -- author of the new book freedom in a -- right.
Free markets are moral.
And big government is.
And Arthur Brooks -- -- American Enterprise Institute Arthur you recently made a video tries to explain the morality of free enterprise it's already been viewed.
A 100000 times on YouTube before we talk about creed let's play this part of the of your media.
The worst poverty in the world which is to say the percentage of the population that lives on intolerant they are lessons -- climbed by 80%.
80% -- there's been -- achievement like that in human history.
Billions of people have been lifted out of poverty it's the most amazing thing that humanity has ever accomplished and somewhat half.
Wasn't the incredible success in the United Nations.
It was a central planning -- -- International Monetary Fund are mobile for an end.
-- it was globalization.
He was free trade it was entrepreneurship.
Property rights and it was ruled long and short and he was free enterprise that saved all those people and if we want more prosperity and not just price.
But for people all over the world in world -- we have to stand up for the -- -- it's truly the system for good samaritans.
Don't believe that I would say most people think it is the UN or for -- nadir central planning China China's boom.
-- -- it turns out that that what -- China.
Was that since 1980 they've opened up to foreign trade but they're still a totalitarian dictatorship -- a lot of stuff wrong.
One of the things they've gotten right is empowering entrepreneurs and opening up to trade with United States which since 1980 is up a 1000%.
But also they started on her private property around -- -- -- only wanted to have this graph that shows how China has boomed.
Just since they started central planning but when they recognized private -- that's right that this is literally what we've seen since 1980.
Has lifted 400 million Chinese out of poverty.
Let's see if I would say most Americans think trade.
Hurts the average American or certainly the guy working in the factory is if it's with China he's losing -- job to somebody in China.
Well this gets -- your introduction on the word.
Agreed agreed in people's minds mean taking something that doesn't belong to you.
What do you in the free market what you have -- transactions.
You want something I want something we have an exchange money makes it much easier they might well want -- treasury bill I may want -- pair of socks we make a swap.
And so -- that way we each get something.
And we have a free market where people can do things you know -- And try things and see what people want to see free markets and this is what the UN won't tell you.
Is free markets is about meeting the needs and wants of other people governments about meeting its own needs.
And -- is right.
Forty million companies in China.
Or what is driving that economy not the state owned companies but the perception is free markets are cold immoral and they're actually the opposite they're the biggest break her down of barriers between people we may not -- neighbor -- you sure -- associated -- Brings about we take it for granted John in this country.
But if you started just want the best people possibly because you want to they'll succeed.
That's new in human history before you rarely -- trusted anyone beyond your immediate family or community or ethnic group.
Commerce breaks down those barriers so people whether known or not they're cooperating with each other.
Think about it this way were all all three of us we descended from immigrants most Americans and from them I bet you're great grandparents John didn't come to America saying.
I want to get to America for a better system of forced income redistribution.
I've I think my father -- but I have no yeah I bet -- that your answers came here to clean toilets and repair -- he came here to be rewarded for his hard work and merit for the first time in his life.
That's what markets allows them to the the great equalizer.
I work harder I innovate I get rewarded -- -- happened in other countries that's why.
Markets are not about greed.
Markets are about a better life through -- success but the poor I'm told are left behind Paul Krugman talking about Paul Ryan's budget.
He says -- right explicitly is trying to make life harder for the poor.
Yeah that's that's completely false hopefully a lot of your argument about dependency by you you -- -- cut off all these programs and make the poor.
Suffer -- it actually -- tell -- what I wanna do is for the truly poor in this country we need two things we need relief and we need opportunity.
If you want a guarantee relief to the most in -- members of society.
You must have a functioning economy -- and I will be inconvenienced.
By a debt crisis in this country which will come we don't change course.
The poor will lose everything and that's catastrophic and has -- -- where they need bigger programs they -- -- themselves -- your for your always sport he assumed like we're still in medieval Europe -- it hasn't always has now here you become -- landlords aren't but -- addressed the criticism because what they're saying is that.
We you want it costs are going to punish supports Chris Matthews -- -- they believe the way to get rich.
Is is to work harder and give the rich people more money that'll help them the way to get the poor people to work harder is to screw the but it away there but now it takes away there's been.
-- so they're not that depend on Uncle Sam gives them a sense of empowerment allows them to get skills hills star.
Date the F food stamps ever heard of food stamps you know thirty years ago Chris Matthews would have said we should have a program -- everyone gets a cell -- That cost them 3009 or 95 dollars you know today if Chris Matthews have had his way Krugman had its way.
Dollars -- -- decrying selfish cellphone makers on the like.
And that we'd have like we have health care scarcity to abundance creating resources that's what about not their static mind of -- -- evils economy.
Nobody wants to throw granny out in the snow nobody wants to take away all services for the poor what we want -- to make sure people don't become dependent and people still live an opportunity society.
And the rest of us actually are on our own to make our own way to earn her own success to with a dignified life and which we can say I earned that thank you Arthur Brooks and Steve Forbes coming -- My take on -- Recession was brought on largely by greedy Wall Street.
And the folks -- all their suffering because of Wall Street excess that's all true.
Don't bill that's not true.
I -- that even my colleagues don't get out of the recession happened because economies have booms and -- that's just how they work.
Government made our last one worse by interfering with the market giving out guarantees and subsidies.
Yeah Wall Street with greedy but that's not new -- a constant not just on Wall Street everyone wants more.
Did you ever turn down -- -- I don't.
The beauty of our free market is that the market itself regulates greet.
If you charge too much the next guy offers it for less and you'll.
-- tempered by competition.
The left says the way to help people is through government but greed or better the free market works better.
Now I'm about to eat this juicy steak.
And how to get that.
Looks awfully good how to get it -- here in New York City.
Do I have this because some rancher miles away wants to be good to me -- -- me the stake through.
I have it because thousands of people care about themselves.
I first learned this years ago.
It's sunrise -- child at the least -- David -- saddling up for another fourteen hour work day there's so much work for the ranchers.
Fixing -- Digging ditches feeding the cows harvesting -- The leases are only the first of a series of people who -- caring about themselves picture I get my state.
There's Virgil was saying he delivers the propane that heats the -- water that -- water and they get great frozen water.
Won the Nelson keeps attacking counseling free features planet -- The Marlins are -- next.
Then they're the people who slaughter of the -- it's tough to beat.
People who make their -- -- overall they're protected for the principal doesn't that.
-- -- I'm sure they don't in that line.
Then there are the people who run the freezer facility to be the -- back I think I got to check.
Thousands of people have to work together to get the food to market and are they doing all this for me.
No I don't think that knowing all.
-- Who's down stuff so I'm no one to -- -- I never heard.
For -- -- all those others might not care about me and yet they do work hard and cooperate.
To bring -- stake.
It's kind of a miracle getting -- people to work together.
Governments can't do what they've tried but mostly failed miserably.
You remember the long lines and sometimes people start there was no food.
But free markets provide -- food every day we should celebrate that.
That's our -- Now excuse me please.
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