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Hello, everybody. 
Welcome to the weekend interview

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show. 
I'm your host Phillips, your 

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administrator. 
Very special guest today Hans 

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Hermann. 
Pop. 

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He is a professor of Economics 
at UNLV. 

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A senior fellow at the Ludwig. 
Von mises Institute, the editor 

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of the Journal of libertarian 
studies and author of the books,

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a theory of socialism and 
capitalism the economic and 

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ethics of private property 
democracy. 

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The God That Failed and mr. 
Hafiz. 

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Is also the editor of the new 
book, The Myth of National 

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Defense. 
Welcome to the show, sir. 

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Thank you for having me on. 
Pleasure, I'd like to start with

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the end there. 
The myth of National Defense. 

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You know, I'm a pretty, I 
suppose, radical libertarian 

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kind of guy. 
And a lot of times when arguing 

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with status, I have to say, 
well, you know, there are a 

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couple of basic reasons for 
government to exist, protective 

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orders from foreign enemies and 
to provide, Fair trials, for the

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defense or for, you know, 
criminals and that kind of 

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thing, but other than that, they
need to leave us alone. 

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And now What you're saying in 
this book? 

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The Myth is National defenses. 
That actually there their basic.

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Bottom line exchange for 
existing is invalid. 

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Is that right? 
That's right. 

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That's the fetus. 
We generally accept to the 

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positional at least many people 
accept the position in the 

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meantime that there's 
practically nothing that the 

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free market cannot do better 
than, then the government. 

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But typically with one big 
exception and that is They 

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claimed National Defense would 
be the thing for government is 

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absolutely necessary and that 
cannot possibly be done by by 

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private by private Alternatives.
And this book, which I, for 

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which I served as the editor 
unrolled, also chapter and 

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introduction to it, but 
contributions are made from 

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various people just book tries 
to Tries to show that one should

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have serious doubts, about the 
correctness of that ceases to 

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that. 
It might be possibilities to 

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protect oneself from foreign 
aggression or also from internal

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crime more successfully than as 
can, can be done by governments.

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Okay, and in fact, while we're 
at it, we ought to go ahead and 

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Define for the audience State as
you mean it, I've read and 

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you're worse than the last few 
weeks here that you defined the 

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state as a monopoly on Ultimate 
decision-making and the power to

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tax. 
All right, expand on that a 

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little bit explain to people 
what you mean by that. 

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I mean by that is the following 
that in any in any type of 

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serious conflict that In in a 
given territory, there is one 

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institution that claims. 
We are the ultimate judge to 

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determine who is who is right? 
And who is wrong in this endless

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conflict, and this institution 
then also has the right to 

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impose unilaterally without the 
consent of others, how much it 

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will. 
Cost to get this service from 

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from the state delivered to be 
the ultimate judge in cases of 

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conflict. 
And and and this this Monopoly, 

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just will not believe position 
in a way explains. 

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A fundamental flaw in the 
construction of of government 

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and the, if, if you are On the 
ultimate judge in all cases of 

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conflicts. 
Then you are also the ultimate 

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judge in cases of conflicts that
you yourself might have caused 

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or provoked and naturally, you 
will then decide these conflicts

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in your own favor. 
You will be more provocative and

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more involved in creating. 
Leaked then when people who are 

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not, who are not the ultimate, 
the ultimate judge. 

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And of course, if you have the 
Monopoly of texting, he cannot 

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have competition in the area of 
taxing, obviously? 

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Because if you would have there,
then there would be nothing left

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to text and everybody could 
steal from everybody else so to 

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speak. 
But if you have someone happily 

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of Step singers, as governments,
do it then your incentives is 

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good to speak. 
To get as much as you can get in

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terms of tax income. 
And The work s little for those 

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things that you are supposed to 
work, as you can possibly get 

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away with that follows to be 
from from the incentive 

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structure that is created with 
the existence of a state. 

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So many phenomena that we 
observe become perfectly 

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perfectly understandable. 
Once we were to be nice, assist,

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the state employees by and 
large. 

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Our, this busy left work 
oriented less competent because 

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they know that their salaries 
are paid out of all of Texas and

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they do not have to satisfy 
consumers. 

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Well earlier at the beginning of
that answer, you talked about as

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the ultimate decision maker. 
So I'd like to get back to the 

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employer government employees do
as little work as possible for 

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the money because we get paid 
with tax money. 

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We come back to that. 
But you mentioned when they're 

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the ultimate Arbiter of deciding
who's right and wrong. 

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Then, that also means in cases 
involving themselves and how 

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they'll always decide in their 
own favor. 

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And alright wondering, is that 
why you don't seem Differentiate

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in your writings between 
democracies and limited 

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Republic's at all. 
I mean, I guess to you, and let 

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me know I think which is, it 
comes to democracy immediately. 

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Right? 
I think drift this 

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characteristic, all states 
share, whether it is a democracy

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or a republic, or a monarchy. 
All of all of the states. 

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Have this characteristic to be 
the to claim that they are the 

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ultimate judge and that they 
have texting that they have 

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texting power. 
If they would not claim that 

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then then we would deal with 
some sort of clubs. 

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So this all states have in 
common. 

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That doesn't mean that that that
it is not useful to make 

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distinctions between different 
types of States, different types

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of States, operate in different 
ways. 

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But nonetheless, this General 
fundamental flaws, they all have

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in common. 
So they will also be bad when it

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comes to protecting people. 
That is doing what they are 

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supposed to what they are 
supposed to do. 

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And if you just look at the look
at the world, you find in fact 

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that this that is the case you 
have the United States 

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government that has a defense 
budget of some 400 billion 

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dollars a year and that employs.
Spies and informants all over 

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the world and was still 
incapable of preventing this. 

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This terrible attacks and 
September 2 years ago, you would

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think that an organization that 
if equipped with, with these 

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budgets, which would certainly 
be able to do this and not only 

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did the United. 
Government were not able to 

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prevent it in many ways States 
provoked, this provoke, these 

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conflicts by getting involved 
in. 

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In the Exton, the Affairs of 
other countries, all around all 

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around the globe. 
And that you only do get 

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involved in the Affairs of other
people. 

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Again, if you If you can rely on
on taxing on texting power and 

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don't have to spend your own 
money getting involved in other 

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in other people's Affairs. 
So the United States, the 

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government actually creates 
dangerous rather than preventing

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Danger from from occurring to 
its to its citizens. 

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And in addition be nice. 
This government have as one 

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would expect of an organization 
that gets its income from Texas.

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Has disarmed, increasingly its 
own citizenry, and has made it 

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there by far easier, for 
prospective gangsters or 

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terrorists to to be Well, with 
their attacks, against against 

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American civilians, it makes me 
more dependent on the state to 

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protect us, but I did not get 
that question, please. 

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I'm sorry. 
It makes us more dependent on 

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the state to protect us when we 
it makes it makes us more 

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dependent on the state to World 
protect us. 

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Yes. 
I think that, I think that's 

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what, that's what states in 
general. 

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Of course, like to create a 
large dependent. 

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Class in all in all walks of 
life who have an interest in in 

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preserving the state because 
they've received certain 

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handouts from the state that the
state necessarily must have 

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taken from somebody else. 
Otherwise, you put my hand out 

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anything. 
The main point here. 

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Is that why should I why should 
it institution that can fund 

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itself out of, Texas? 
And that is obviously ultimate 

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judge. 
Why should such an institution 

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be particularly good in 
defending us? 

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And the answer seems to be 43 
and now they are not good at 

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defending us, but the United 
States military was defense 

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Ministry, actually, engages 
nothing defense of the United 

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States, but interference in the 
Affairs of foreign foreign 

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country, so it can be called 
more. 

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Department of foreign aggression
than a Department of National 

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Defense, right? 
And, you know, parenthetically 

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it was actually called the 
department of War all the way up

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until the end of World War Two 
and America decided to become an

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Empire. 
They renamed it, the department,

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which was definitely be a more 
honest all the label for this 

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specific part. 
And yes, I agree. 

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Okay, so I understand what 
you're saying, that our 

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government actually provokes 
enemies makes enemies for the 

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American people to have to deal 
with. 

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And then how September 11th is a
perfect example of how the 

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trillions of dollars spent 
apparently. 

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Don't do any good for defending 
the country. 

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But I wonder what's the 
alternative. 

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I mean if we're really surprised
because defense what about all 

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those stealth bombers and 
nuclear missiles and Trident 

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submarines. 
Who are we going to put in 

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charge of those? 
That's a difficult difficult 

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question. 
What we do with all of these? 

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All of these weapons, I would 
think a weapons that can only 

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only be used in a way that 
automatically implies the 

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killing of innocent civilians 
such like Atomic weapons. 

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They probably should be should 
be destroyed only weapons that 

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can be used for a targeted 
response. 

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Should in general be considered 
to be acceptable, acceptable 

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weapons. 
That is weapons. 

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That can make a distinction 
between the aggressor and 

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innocent civilians between 
combatants and non-combatants 

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weapons. 
The use of which do not or does 

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not allow to make this type of 
Distinction as as nuclear 

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nuclear bombs, for instance. 
As in the case of nuclear bombs 

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us is also weapon. 
Should be destroyed. 

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I assume. 
Well, that leaves open the 

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question about what about all 
the other countries? 

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I mean, if America decided that 
we were going to go ahead and 

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abolish the national government 
and just have a free Society 

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without a state here. 
There's still the matter of the 

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Russians and their 5,000 nuclear
weapons, right? 

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Guess that this is true. 
But again, what one has to take 

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into consideration? 
Is that in that every state that

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attacks? 
Another territory, eats some 

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sort of support in its own 
population. 

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That is you must Identify some 
sort of enemy. 

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Otherwise, the population will 
not support. 

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It States going to war the 
United States did that. 

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Obviously, when when they, when 
they went to Iraq, they had to 

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portray Saddam Hussein as as an 
evil monster, capable of 

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attacking the United States, 
which all turned out to be, 

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turned out to be wrong. 
But nonetheless, this is up, but

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obviously necessary, in order to
create a public opinion that 

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allows you to do to do such a 
thing. 

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00:14:36,400 --> 00:14:38,300
Sing. 
But imagine that, you would have

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a territory in, which people in 
which, there would be no State, 

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people will engage in self 
defense. 

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That is bigger, would be heavily
armed far, more heavily than 

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they currently are. 
There would be operating 

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malicious in existence. 
There would be Mighty insurance 

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companies in existence that 52 
of various of EB, various 

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property. 
Owners in these three 

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territories against various 
contingencies, including 

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terrorist attacks and so on and 
so forth. 

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In such a territory, there would
be, there would be no one who 

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would have done anything that an
opposing State could use as an 

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excuse to attack because in such
in the subject, Free Society. 

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Nobody would engage in 
provocative, provocative affects

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insurance companies would 
actually Outlaw of people who 

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are insured from engaging in 
provocative Behavior. 

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So it would be very difficult to
Define an enemy and you must 

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have an enemy in order to 
persuade your own population to 

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00:16:01,600 --> 00:16:04,500
go along with your warm making 
plans. 

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So the best three four, five 
people would also be found 

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wealthier. 
You see like you have you have 

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would have extremely wealthy 
societies. 

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Have heavily-armed who have 
engaged in in nothing but 

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peaceful commercial 
relationships with the rest of 

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the world. 
What motive could you possibly 

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have? 
And what motive could you 

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possibly sell to your own 
population to protect place like

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00:16:34,100 --> 00:16:37,700
this? 
Right at this point. 

234
00:16:37,700 --> 00:16:40,900
It's only our aggression 
overseas that could justify any 

235
00:16:40,900 --> 00:16:47,200
action against us here. 
Like, I see, which I don't mean 

236
00:16:47,200 --> 00:16:51,600
to divert too much off of the 
war topic for now, but you did 

237
00:16:51,600 --> 00:16:55,000
mention. 
Society where everything is 

238
00:16:55,000 --> 00:16:59,600
privatized and we're big 
insurance companies, protect 

239
00:17:00,700 --> 00:17:03,700
property, that kind of thing and
that brings to mind. 

240
00:17:04,099 --> 00:17:07,200
I mean, I guess that's what you 
call the natural order to write 

241
00:17:07,200 --> 00:17:10,700
the sides definitely Market 
without a state interference. 

242
00:17:11,099 --> 00:17:13,099
All right, and that brings to 
mind. 

243
00:17:13,700 --> 00:17:17,400
Well, what about monopolies and 
Company towns and Pinkerton 

244
00:17:17,400 --> 00:17:21,599
Thugs? 
And I mean there's I'm sure that

245
00:17:21,599 --> 00:17:24,099
gigantic segment of the 
Population of this country 

246
00:17:24,099 --> 00:17:28,099
including myself, who? 
Wouldn't want to live in a 

247
00:17:28,099 --> 00:17:31,300
corporate USA anymore than a 
statist USA. 

248
00:17:34,500 --> 00:17:39,600
No equipped with a corporatist 
USA. 

249
00:17:39,600 --> 00:17:44,900
You said only means that there 
exists in the United States that

250
00:17:44,900 --> 00:17:50,100
companies that have to find 
voluntarily paying clients for 

251
00:17:50,100 --> 00:17:53,700
their services. 
I cannot see anything wrong with

252
00:17:53,900 --> 00:17:58,200
wrong with this. 
The only difference that exists 

253
00:17:58,200 --> 00:18:03,600
between had said big firms on 
the one hand and The government,

254
00:18:03,800 --> 00:18:06,600
some people consider the 
government even to be a big 

255
00:18:06,600 --> 00:18:09,300
firm. 
The only the only difference is 

256
00:18:10,500 --> 00:18:15,600
that the government can insist. 
You must pay a certain amount 

257
00:18:15,700 --> 00:18:19,900
whether you like the service 
that you get or not. 

258
00:18:20,100 --> 00:18:23,400
Otherwise, you will be locked 
up, but there is no such thing 

259
00:18:23,400 --> 00:18:27,800
as Fort of our locking you up or
threatening to lock you up or 

260
00:18:28,000 --> 00:18:30,100
General Motors to do the same to
you. 

261
00:18:31,600 --> 00:18:35,400
If you Break off ties with 
General Motors or Ford. 

262
00:18:35,700 --> 00:18:39,400
So I I do not think that we have
to be afraid of anything that 

263
00:18:39,400 --> 00:18:44,500
happens in the free market. 
You might be a riot in the sense

264
00:18:45,400 --> 00:18:50,500
that many of these huge 
industrial conglomerates would 

265
00:18:50,500 --> 00:18:52,800
not even have come into 
existence. 

266
00:18:52,800 --> 00:18:56,800
If it were not for the state, 
creating them, giving them 

267
00:18:56,800 --> 00:19:01,100
special advantages as compared 
with smaller more efficient 

268
00:19:01,400 --> 00:19:05,700
competitors. 
Swipe, I believe that, you know,

269
00:19:05,700 --> 00:19:09,800
environment were governments 
would not have Lydia regulate 

270
00:19:09,800 --> 00:19:14,200
the economy. 
We would have a far more Fierce 

271
00:19:14,200 --> 00:19:19,600
competition taking place that 
current music, a sense of fossil

272
00:19:19,600 --> 00:19:22,000
fuels. 
Our competition would lead to 

273
00:19:22,000 --> 00:19:27,200
the break up of many of these 
super sized companies that have,

274
00:19:27,800 --> 00:19:30,800
that could be brought into 
existence only because they were

275
00:19:30,800 --> 00:19:35,000
protected largely from Petition 
through government regulations. 

276
00:19:36,300 --> 00:19:41,100
So you don't think we have to 
worry about for example private 

277
00:19:41,100 --> 00:19:44,000
armies of Pinkerton thugs 
working on behalf of the 

278
00:19:44,008 --> 00:19:51,900
corporation, you know using 
violence can Strikers or no? 

279
00:19:52,800 --> 00:19:54,900
I mean, this is something in the
history of the United States. 

280
00:19:54,900 --> 00:19:56,200
Where do you want to go on 
strike? 

281
00:19:56,200 --> 00:19:57,800
On the Rockefellers? 
Just hire some. 

282
00:19:57,800 --> 00:20:01,200
Pinkerton private Army thugs to 
come because again it because it

283
00:20:01,200 --> 00:20:04,600
depends on what you described as
a strike. 

284
00:20:04,700 --> 00:20:12,500
If if a Takes place that 
involves the destruction of 

285
00:20:12,500 --> 00:20:16,200
property of the form was a farm 
owner. 

286
00:20:16,300 --> 00:20:22,400
Then, of course, the the owner 
of the firm is entitled to use 

287
00:20:22,400 --> 00:20:29,300
violence against the strikers, 
if the strikers and actually 

288
00:20:29,300 --> 00:20:33,000
only work with errors. 
So this people just say we will 

289
00:20:33,000 --> 00:20:35,600
not work for you unless you 
change your opinion. 

290
00:20:36,100 --> 00:20:40,800
And go home, then of course, it 
would not be permitted to use 

291
00:20:40,800 --> 00:20:47,800
violence against them. 
But if if they if the damaged 

292
00:20:48,200 --> 00:20:51,300
properties and of course 
violence can be, can be used 

293
00:20:51,300 --> 00:20:55,800
against them and I think 
currently the exists to a 

294
00:20:55,808 --> 00:21:01,700
certain extent, a lawless State 
of Affairs because labor unions 

295
00:21:01,700 --> 00:21:06,000
are exempt from the normal laws 
of liability. 

296
00:21:06,200 --> 00:21:10,700
Flying to everyone else, they 
can cause damage from the 

297
00:21:10,700 --> 00:21:15,100
property and with the property 
of others without being held 

298
00:21:15,500 --> 00:21:18,500
liable. 
For the damage that occurs. 

299
00:21:19,200 --> 00:21:23,500
They can do things that a 
private person could never do. 

300
00:21:23,800 --> 00:21:30,400
If I, for instance, wanted to 
rent out my house, and the first

301
00:21:30,400 --> 00:21:34,900
person who made me an offer 
made, an offer that I found 

302
00:21:35,100 --> 00:21:37,900
unacceptable. 
And he had to leave my house and

303
00:21:37,900 --> 00:21:42,400
would know remain in front of my
front door, and prevent anybody 

304
00:21:42,400 --> 00:21:46,400
else from entering my premises 
and making me another offer. 

305
00:21:46,600 --> 00:21:50,800
Do I have the right to kick this
person off of my premises? 

306
00:21:50,800 --> 00:21:54,300
And I think, yes, of course, I 
have the right to do this and 

307
00:21:54,300 --> 00:22:02,200
private employers, currently are
not entitled to do this in this 

308
00:22:02,600 --> 00:22:08,400
with labor union them. 
So I think that exists the 

309
00:22:08,400 --> 00:22:15,900
certain as the certain miss that
that striking workers were 

310
00:22:15,900 --> 00:22:19,500
mistreated in the past. 
I think in many cases, they got 

311
00:22:19,500 --> 00:22:24,900
to be exactly what they deserve.
Well, you know, I refer you to 

312
00:22:24,900 --> 00:22:29,500
the Ludlow massacre in Colorado 
where John Rockefeller jr. 

313
00:22:29,500 --> 00:22:32,600
Ordered the massacre of bunch of
men women and children and no 

314
00:22:32,600 --> 00:22:37,400
one was responsible for it. 
I do not know the details of 

315
00:22:37,400 --> 00:22:40,400
suspect of this particular case,
you might you might well be 

316
00:22:40,400 --> 00:22:47,300
right. 
Labor activists are communists 

317
00:22:47,300 --> 00:22:54,700
and I'm sure, you know, had a 
pretty revolutionary tactics and

318
00:22:54,700 --> 00:22:57,800
that kind of thing. 
But at the same time, you know, 

319
00:22:57,800 --> 00:23:01,300
it's even in a free market. 
I mean, it's perfectly, okay, 

320
00:23:01,300 --> 00:23:05,200
for group of workers to come 
together and form an 

321
00:23:05,200 --> 00:23:08,200
organization and bargain 
collectively, and then you're 

322
00:23:08,200 --> 00:23:10,800
just buying their labor on the 
free market for however, much 

323
00:23:10,800 --> 00:23:20,300
they get their price. 
My emphasis is Private property 

324
00:23:20,300 --> 00:23:24,900
rights are so to speak the 
basics of the foundation of a 

325
00:23:24,900 --> 00:23:28,700
free society and they have to be
protected. 

326
00:23:28,700 --> 00:23:32,400
And this is this is allegedly, 
what governments are supposed to

327
00:23:32,400 --> 00:23:35,800
do and coming back to the 
beginning of of our 

328
00:23:35,800 --> 00:23:38,400
conversation. 
In a way. 

329
00:23:38,400 --> 00:23:42,400
It is very funny that an 
institution that finances and 

330
00:23:42,400 --> 00:23:48,100
funds Itself by Texas. 
That is by expropriating. 

331
00:23:48,900 --> 00:23:55,300
Property owners in in some way 
or other that institutions, as 

332
00:23:55,300 --> 00:24:00,300
such as government is considered
to be a good protector of 

333
00:24:00,300 --> 00:24:03,400
private property. 
Because in fact, it is private 

334
00:24:03,400 --> 00:24:07,300
property protector that first 
must expropriate before. 

335
00:24:07,300 --> 00:24:10,800
It can have the resources in 
order to engage in any type of 

336
00:24:10,800 --> 00:24:15,000
protection. 
For in in the very nature of 

337
00:24:15,000 --> 00:24:17,300
government. 
There is already a contradiction

338
00:24:18,400 --> 00:24:22,500
built in And expropriation 
expropriating property 

339
00:24:22,500 --> 00:24:25,700
protector. 
That would be a nice description

340
00:24:25,700 --> 00:24:29,400
of of a government indicating in
a way. 

341
00:24:29,400 --> 00:24:32,400
What is fundamentally wrong with
us Institution? 

342
00:24:34,800 --> 00:24:36,800
That is a pretty big 
contradiction right off the bat.

343
00:24:37,000 --> 00:24:38,700
Of course. 
There's also the doctrine of 

344
00:24:38,700 --> 00:24:42,700
eminent domain right, where all 
the land really belongs to the 

345
00:24:42,700 --> 00:24:45,600
state first and then they let 
you hold some of it as well. 

346
00:24:45,700 --> 00:24:49,500
Right, right, and they would 
like to introduce that, of 

347
00:24:49,500 --> 00:24:54,900
course, with respect to all on 
incomes, also that they can just

348
00:24:54,900 --> 00:24:57,900
take your income way. 
There any tips, or any time they

349
00:24:58,600 --> 00:25:01,600
they feel because ultimately, 
they consider some that 

350
00:25:01,600 --> 00:25:04,700
themselves but the owner of all 
of your income, Just let you 

351
00:25:04,700 --> 00:25:09,500
have a certain certain amount 
left over to you. 

352
00:25:12,700 --> 00:25:16,700
Our Guest today is Hans Hermann.
Hop is Professor of Economics at

353
00:25:16,700 --> 00:25:19,900
UNLV and a scholar of the 
Ludwig. 

354
00:25:19,900 --> 00:25:23,900
Von mises Institute. 
You can read his archives at Lew

355
00:25:23,900 --> 00:25:27,000
Rockwell.com, sir in the 
introduction to your book 

356
00:25:27,000 --> 00:25:31,500
democracy, The God That Failed, 
you can trust Woodrow, Wilson's 

357
00:25:31,500 --> 00:25:35,300
democracy which I put in ironic 
close there with the old 

358
00:25:35,300 --> 00:25:38,400
Habsburg monarchy is of Europe 
and you come down on the side of

359
00:25:38,400 --> 00:25:42,200
the Kings, why? 
Yeah. 

360
00:25:42,500 --> 00:25:48,500
This is also one of the great 
myths of modern history that the

361
00:25:48,500 --> 00:25:55,200
transition from old style. 
Mom, article systems to modern 

362
00:25:55,200 --> 00:25:58,300
style. 
Democracies represents some sort

363
00:25:58,300 --> 00:26:04,300
of civilizational progress in a 
way that is easy to understand. 

364
00:26:04,500 --> 00:26:10,200
Why is this this arises? 
Because history is always 

365
00:26:10,200 --> 00:26:16,300
written by the victors. 
A of forces in history just 

366
00:26:16,300 --> 00:26:19,500
added for the Soviet Union would
have come out, successful 

367
00:26:19,700 --> 00:26:25,000
office, Cold War how how 
textbooks would be different now

368
00:26:25,000 --> 00:26:27,800
from what they are. 
So the America being a 

369
00:26:27,800 --> 00:26:30,100
successful, the most successful 
country. 

370
00:26:30,100 --> 00:26:34,200
So to speak date, they write 
history and since America has 

371
00:26:34,200 --> 00:26:40,300
become at least after after 
Lincoln was bigger, typical 

372
00:26:41,000 --> 00:26:45,100
typical democracy. 
They'll present history to us. 

373
00:26:45,100 --> 00:26:49,700
Ask this transition was a great,
great progress. 

374
00:26:49,700 --> 00:26:55,100
And the American 
neoconservatives, will one of 

375
00:26:55,100 --> 00:26:59,300
the Mungo warmongers in the Iraq
case? 

376
00:26:59,700 --> 00:27:05,300
Is they even go? 
As far as to say that with the 

377
00:27:05,300 --> 00:27:08,600
development of a constitutional 
democracy for which they 

378
00:27:08,600 --> 00:27:12,300
consider the United States would
be the best example. 

379
00:27:12,400 --> 00:27:16,500
So we have arrived at the end of
history. 

380
00:27:16,500 --> 00:27:21,000
There is so to speak. 
No ideological institutional 

381
00:27:21,200 --> 00:27:26,500
progress to be made anymore. 
We have, we have constructed the

382
00:27:26,500 --> 00:27:30,700
wisest political system that can
be constructed. 

383
00:27:30,700 --> 00:27:33,500
And if you Alice's opinion, 
then, of course, it is not 

384
00:27:33,500 --> 00:27:37,800
difficult to see how these 
people then also feel entitled 

385
00:27:37,800 --> 00:27:41,400
that they can impulses system to
the rest of the world, because 

386
00:27:41,400 --> 00:27:47,100
they are so certain that This is
the, the end point, but but as I

387
00:27:47,100 --> 00:27:51,400
explained in my book there, so 
this this is fundamental and 

388
00:27:51,400 --> 00:27:56,700
very simple, simple error. 
I would claim for instance, that

389
00:27:57,600 --> 00:28:03,300
if the United States would have 
stayed under King George that, 

390
00:28:03,300 --> 00:28:08,000
the economic progress might have
been faster and better than what

391
00:28:08,000 --> 00:28:11,600
actually took place. 
And the fundamental reasons for 

392
00:28:12,400 --> 00:28:21,300
this simply to be the following.
Akane, if a perfect, the owner 

393
00:28:21,600 --> 00:28:27,200
of the country and he considers 
these, the citizens, as his, as 

394
00:28:27,200 --> 00:28:36,400
his tenants, and his interest 
is, yeah, to preserve the value 

395
00:28:36,400 --> 00:28:41,700
of of the country, because as 
the owner, he can pass it on to 

396
00:28:42,300 --> 00:28:47,200
Future Generations, he is 
interested in preserving the 

397
00:28:47,200 --> 00:28:52,700
Capital stock that is embodied 
in in countries. 

398
00:28:52,700 --> 00:28:57,900
And if you have a democratic 
caretaker, like parliamentarians

399
00:28:57,900 --> 00:29:01,600
ruin prime minister's or 
presidents of people like this 

400
00:29:01,600 --> 00:29:06,500
who are just for a certain 
period of time in charge. 

401
00:29:06,500 --> 00:29:10,800
They are not the owner of the 
country. 

402
00:29:10,800 --> 00:29:15,000
They can just make use of Of the
country during this period of 

403
00:29:15,000 --> 00:29:17,600
time. 
They cannot pass it on to the 

404
00:29:17,600 --> 00:29:20,500
next Generation to whoever they 
wish. 

405
00:29:20,500 --> 00:29:25,400
So they have a short-sighted 
view and because they are not 

406
00:29:25,400 --> 00:29:31,200
the owner of the Capital stock. 
They will increase current 

407
00:29:31,200 --> 00:29:39,500
income at the expense of of 
capital consumption, but this 

408
00:29:39,500 --> 00:29:42,200
their motto will be what I 
cannot. 

409
00:29:42,400 --> 00:29:48,100
Loot within the next four years.
I will not be loot ever again in

410
00:29:48,100 --> 00:29:51,300
the future. 
The example. 

411
00:29:51,300 --> 00:29:55,400
I think that I give my students 
frequently before this is to 

412
00:29:55,400 --> 00:29:57,100
explain, this difference is the 
following. 

413
00:29:57,100 --> 00:29:59,100
Imagine. 
I give you. 

414
00:30:00,100 --> 00:30:04,900
I have a house or two houses. 
And in one case, I tell you, 

415
00:30:05,300 --> 00:30:12,500
you'll I make you the regular 
owner of this house, you can And

416
00:30:12,500 --> 00:30:15,800
sell it in the market, you can 
pass it on this form of 

417
00:30:15,800 --> 00:30:18,700
inheritance and so forth. 
And in the other case, I tell 

418
00:30:18,700 --> 00:30:23,600
you, for four years or six 
years, or whatever time span is,

419
00:30:23,900 --> 00:30:29,500
you can make use of the house. 
You can keep all the income that

420
00:30:29,500 --> 00:30:34,100
you can derive from the house, 
but you do not own the house at 

421
00:30:34,100 --> 00:30:36,600
this. 
You cannot sell the house in the

422
00:30:36,600 --> 00:30:41,600
market and you cannot pass it on
to Future Generations. 

423
00:30:41,900 --> 00:30:44,800
Does that? 
Make a difference in how you 

424
00:30:44,800 --> 00:30:47,700
behave, vis-à-vis your house. 
In the emphasis. 

425
00:30:47,700 --> 00:30:48,700
Of course. 
It's us. 

426
00:30:49,200 --> 00:30:53,300
In one case, your interest is so
to speak, to, for the caretaker,

427
00:30:53,300 --> 00:31:00,300
it is to, to get as much money 
as I can, possibly can out of 

428
00:31:00,800 --> 00:31:04,500
all of this house in the 
shortest possible time, even if 

429
00:31:04,500 --> 00:31:09,800
the house and afterwards lies in
Ruins because the ruins that, if

430
00:31:09,800 --> 00:31:12,200
the Capital stock, I do not own.
I do not. 

431
00:31:12,300 --> 00:31:15,200
Not care for it. 
I only care for the term detail.

432
00:31:15,500 --> 00:31:19,000
Would you do the same thing? 
However, if you were at the 

433
00:31:19,000 --> 00:31:23,500
regular owner of the house and 
the answer is, of course, you 

434
00:31:23,500 --> 00:31:26,000
would not do this. 
You would be interested in 

435
00:31:26,300 --> 00:31:29,900
drawing a current income from 
the house, but you would be at 

436
00:31:29,900 --> 00:31:34,500
the same time interested in 
preserving the Capital stock off

437
00:31:34,500 --> 00:31:37,300
the house. 
The house should be intact and 

438
00:31:37,300 --> 00:31:40,700
stay intact because you just 
want to pass upon in the future 

439
00:31:40,700 --> 00:31:45,300
generation and If you don't keep
it intact, you would notice us 

440
00:31:45,300 --> 00:31:48,200
because the price in the market 
that you will get for the house 

441
00:31:48,200 --> 00:31:53,000
would continuously fall. 
So, in the same sense, I think a

442
00:31:53,000 --> 00:31:56,300
king has more long-term 
perspective. 

443
00:31:56,300 --> 00:32:00,900
He is interested in preserving 
the existing capital and 

444
00:32:00,900 --> 00:32:06,100
Democratic caretakers are people
who are short-term oriented and 

445
00:32:06,200 --> 00:32:10,500
increase their current income at
the expense of of capital 

446
00:32:10,500 --> 00:32:17,300
consumption and capital. 
Cattle destruction that is that 

447
00:32:17,300 --> 00:32:22,900
is one major advantage of of 
monarchies today. 

448
00:32:23,600 --> 00:32:30,700
There's another one this and 
that is an advantage that most 

449
00:32:30,700 --> 00:32:39,900
people initially think of, as a 
disadvantage that is most people

450
00:32:39,900 --> 00:32:42,200
tend to think, isn't it great 
about? 

451
00:32:42,400 --> 00:32:48,400
Democracies that that everybody 
can become a president or prime 

452
00:32:48,400 --> 00:32:56,300
minister were asking on the 
monarchy to become king by 

453
00:32:56,300 --> 00:33:02,500
accident of birth. 
So to speak, in people argue, 

454
00:33:02,500 --> 00:33:06,400
for instance, set in all other 
areas. 

455
00:33:06,400 --> 00:33:11,900
We reason that competition is 
better than Monopoly. 

456
00:33:12,600 --> 00:33:17,700
And isn't democracy and example,
where the exist competition for 

457
00:33:17,900 --> 00:33:22,800
governmental position scorers in
the monarchy case there exists, 

458
00:33:22,900 --> 00:33:27,100
a monopolist will go one guy and
only he can be added whoever he 

459
00:33:27,100 --> 00:33:29,700
determines as his successor to 
can be it. 

460
00:33:30,000 --> 00:33:34,300
But in but in fact the situation
is such that we want 

461
00:33:34,300 --> 00:33:38,200
competition. 
Only insofar as the production 

462
00:33:38,200 --> 00:33:43,200
of goods is concerned that if 
The Earth is dead. 

463
00:33:43,200 --> 00:33:48,500
If we have a monopolist, they 
everyone to have people 

464
00:33:48,500 --> 00:33:51,600
competing against each other, in
order to make sure that the 

465
00:33:51,600 --> 00:33:54,800
quality of this would improve 
symptoms the price of the good 

466
00:33:54,800 --> 00:34:01,100
false, but we do not necessarily
want to have competition when it

467
00:34:01,100 --> 00:34:05,400
comes to the production of bad 
things. 

468
00:34:05,400 --> 00:34:09,300
And this is precisely what 
governments produce? 

469
00:34:09,300 --> 00:34:12,100
I mean you if they attack 
somebody week. 

470
00:34:12,300 --> 00:34:16,300
I cannot say that this is a good
that they do a person. 

471
00:34:16,300 --> 00:34:22,100
They do something bad to a 
person and they can never do 

472
00:34:22,100 --> 00:34:27,199
anything good unless they have 
done something bad before, do we

473
00:34:27,199 --> 00:34:30,400
want to have competition in that
area too. 

474
00:34:30,500 --> 00:34:33,900
And again, there I put very much
doubtless. 

475
00:34:35,500 --> 00:34:40,800
You can say the following look 
in the Monarch gets to his 

476
00:34:40,800 --> 00:34:42,900
position by accident. 
Of birth. 

477
00:34:42,900 --> 00:34:50,000
That makes it possible that he 
is the best guy that they have 

478
00:34:50,000 --> 00:34:53,600
Eustace cannot exclude. 
That he is a bad guy if he is a 

479
00:34:53,600 --> 00:34:58,400
bad guy. 
However, there is his family's a

480
00:34:58,400 --> 00:35:03,900
dynasty who was very much 
concerned about roses. 

481
00:35:03,900 --> 00:35:09,700
This King was this clean, the 
ruins, the position of of the 

482
00:35:09,700 --> 00:35:14,600
dynasty if he is too crazy, the 
She has an interest tool either 

483
00:35:15,900 --> 00:35:19,400
surround them with close 
advisers, who curtail his 

484
00:35:19,700 --> 00:35:25,100
stupidity. 
So to speak and or if it needs 

485
00:35:25,100 --> 00:35:27,300
to be done. 
They might be even going to 

486
00:35:27,300 --> 00:35:30,800
distribute. 
The determine the close 

487
00:35:30,800 --> 00:35:35,600
relatives to kill to kill the 
king in order to preserve to 

488
00:35:35,600 --> 00:35:42,000
preserve the Dynasty on the 
other hand, because he gets us 

489
00:35:42,000 --> 00:35:46,200
to Mission by accident of birth.
He can also be a decent and 

490
00:35:46,200 --> 00:35:48,700
harmless. 
Dilatant can be a nice. 

491
00:35:48,900 --> 00:35:53,300
A nice Uncle Phil to speak. 
At least that is not excluded by

492
00:35:53,600 --> 00:35:56,100
precisely because it is 
accidental that he gets his 

493
00:35:56,100 --> 00:36:00,100
position. 
And now think about how their 

494
00:36:00,100 --> 00:36:05,400
Democratic politicians come into
the improve their position. 

495
00:36:08,200 --> 00:36:13,900
They must be successful. 
They're not dogs. eggs, Liars, 

496
00:36:14,000 --> 00:36:24,100
swindlers, bribers even people, 
possibly with engaged, in many 

497
00:36:24,100 --> 00:36:29,700
cool things in order to rise to 
a higher ranking positions that 

498
00:36:29,700 --> 00:36:37,700
if they have characteristics, 
that that in normal normal, 

499
00:36:39,000 --> 00:36:44,000
normal parts of life would be 
considered to be Um, yeah, I'm 

500
00:36:44,000 --> 00:36:50,700
desirable characteristics for a 
democracy, virtually ensures, 

501
00:36:50,700 --> 00:36:55,400
that only bad and dangerous. 
People will ever rise to the top

502
00:36:55,400 --> 00:36:59,100
flus bad and dangerous, people 
will rise to the top. 

503
00:37:01,800 --> 00:37:06,500
So I think even in this regard, 
monarchies are significantly 

504
00:37:06,500 --> 00:37:12,800
Superior over over democracies. 
Okay, and I interrupt you here 

505
00:37:13,000 --> 00:37:15,500
just to defend you because I 
know that somebody's just tuning

506
00:37:15,500 --> 00:37:18,500
in the audience and turn it in 
on the radio. 

507
00:37:18,700 --> 00:37:21,000
And they don't know, the guy I'm
interviewing here guys is a 

508
00:37:21,000 --> 00:37:26,100
total Anarchist 
anarcho-capitalist and he's not 

509
00:37:26,100 --> 00:37:30,200
for monarchies or democracies at
all, but he's in this. 

510
00:37:30,400 --> 00:37:33,100
Over Sation comparing and 
contrasting, the two and saying,

511
00:37:33,100 --> 00:37:36,100
if you have to have a state, a 
monarchy might be better than a 

512
00:37:36,100 --> 00:37:38,100
democracy for these reasons, 
right? 

513
00:37:38,100 --> 00:37:40,500
I don't want anybody thinking 
that I'm interviewing a royalist

514
00:37:40,500 --> 00:37:43,700
here on the interview show. 
This guy's the most Anarchist 

515
00:37:43,700 --> 00:37:46,300
guy I've ever met. 
I'm reading his articles and 

516
00:37:46,300 --> 00:37:48,000
he's calling Hayek. 
A statist. 

517
00:37:49,300 --> 00:37:52,100
Believe that knowing that is 
important in thinking. 

518
00:37:52,300 --> 00:37:55,000
Yes. 
Markie is only presented. 

519
00:37:55,000 --> 00:38:00,000
So to speak as a second, the 
second best, or the better of 

520
00:38:00,000 --> 00:38:03,700
two. 
Two evils rather than solution. 

521
00:38:03,900 --> 00:38:08,000
And the idea is might be 
interesting to hear the idea 

522
00:38:08,000 --> 00:38:10,500
that I had before. 
I came up with this 

523
00:38:11,200 --> 00:38:16,700
reconstruction of monarchies, 
and, and democracies is very 

524
00:38:16,700 --> 00:38:23,500
similar and analogy, the look at
the system, like, like slavery, 

525
00:38:25,100 --> 00:38:27,700
there, exist, two types of 
slavery, they exist. 

526
00:38:27,700 --> 00:38:30,000
The type that we had in the 
United States. 

527
00:38:30,000 --> 00:38:35,900
Where you Private owners of 
slaves and they exist. 

528
00:38:35,900 --> 00:38:40,000
The type of slavery that we had 
in the Soviet Union. 

529
00:38:40,000 --> 00:38:43,500
Very few people have ever 
considered that to be a Savory 

530
00:38:43,500 --> 00:38:47,100
system. 
But the two criteria of slavery 

531
00:38:47,200 --> 00:38:50,300
applied perfectly. 
Also in the case of the Soviet 

532
00:38:50,300 --> 00:38:54,500
Union that is you could not run 
away. 

533
00:38:56,100 --> 00:39:01,800
If you try to run away they 
would shoot you and And and the 

534
00:39:01,800 --> 00:39:06,900
Communists could assign you to 
certain tasks to to do certain 

535
00:39:06,900 --> 00:39:11,200
work and that is exactly what 
the slave master also can do, he

536
00:39:11,200 --> 00:39:14,200
can prevent you from running 
away and assigned useful to 

537
00:39:14,200 --> 00:39:16,800
certain tasks, but the 
difference between the two 

538
00:39:16,800 --> 00:39:21,900
systems is very similar to the 
idea in democracy and monarchy 

539
00:39:22,000 --> 00:39:25,700
the in one case, in one case, 
globish a flaming Stalin's. 

540
00:39:25,700 --> 00:39:28,400
Of course, they were not the 
private owner of the sleigh, 

541
00:39:29,400 --> 00:39:33,600
that if it could not Sell them 
in the market or solarwinds 

542
00:39:33,600 --> 00:39:36,900
their services out, but they 
could make use of them. 

543
00:39:37,000 --> 00:39:40,900
They put the sign them to 
certain amount of work with the 

544
00:39:40,900 --> 00:39:45,400
privates slave owner. 
Of course, can sell to slave and

545
00:39:45,400 --> 00:39:47,900
Brent. 
Thus the services of this lace 

546
00:39:47,900 --> 00:39:51,800
out. 
And the question is, then if you

547
00:39:51,800 --> 00:39:56,500
only have a choice to be a 
slave, would you rather want to 

548
00:39:56,500 --> 00:40:00,200
be a privately owned slaves? 
Well, would you rather? 

549
00:40:00,300 --> 00:40:04,200
Want to be a slave like in the 
Soviet Union, that is publicly 

550
00:40:04,200 --> 00:40:08,700
owned and there, you notice of 
against the same sort of thing, 

551
00:40:08,700 --> 00:40:15,400
privately, owned slaves by and 
large treated, much better than 

552
00:40:15,500 --> 00:40:19,100
publicly owned slaves or in the 
Soviet Union. 

553
00:40:19,100 --> 00:40:22,400
For instance, the life 
expectancy of people in the last

554
00:40:22,400 --> 00:40:28,700
two decades of the Soviet Union 
fell worse life expectancy for 

555
00:40:28,700 --> 00:40:32,800
for slaves in During periods of 
private State. 

556
00:40:32,800 --> 00:40:36,200
We've generally arose in the, 
obviously, in the interest of 

557
00:40:36,200 --> 00:40:42,700
the slave owner, fertility rates
for privately owned slaves, for 

558
00:40:43,400 --> 00:40:46,400
normal fertility rates, just 
like other people. 

559
00:40:46,400 --> 00:40:52,700
For in the Soviet Union. 
They they declined it was a 

560
00:40:52,700 --> 00:40:57,700
relatively rare occurrence that 
a private slave owner would kill

561
00:40:57,700 --> 00:41:00,900
the slaves because that is the 
ultimate Act of Of capital 

562
00:41:00,900 --> 00:41:03,400
consumption, you have an 
investment in this life. 

563
00:41:03,600 --> 00:41:05,900
You would not just want to waste
it away. 

564
00:41:06,200 --> 00:41:11,800
But in the Soviet Union, where 
you only can can take advantage 

565
00:41:11,800 --> 00:41:15,800
of the labor of the labor force,
but you don't own this. 

566
00:41:15,800 --> 00:41:20,100
You don't understand if millions
of people in peace time, we'll 

567
00:41:20,100 --> 00:41:24,900
wasted away in in various 
industrial projects without any 

568
00:41:25,300 --> 00:41:29,700
without any problem whatsoever. 
That is about the value of human

569
00:41:29,700 --> 00:41:34,300
life in Soviet Union, was it 
infinitely lower than what the 

570
00:41:34,300 --> 00:41:38,100
value of the private slaves, to 
a slave by the slave owner, 

571
00:41:39,200 --> 00:41:42,200
slave owners in the South who 
decided that it was actually, 

572
00:41:42,200 --> 00:41:44,100
now that they go back and do 
their books. 

573
00:41:44,400 --> 00:41:47,300
It's cheaper to go ahead and let
her slave die by new one. 

574
00:41:47,300 --> 00:41:49,700
Then go through the bunch of 
medical care. 

575
00:41:49,700 --> 00:41:53,200
And, oh, yeah. 
Yeah, you see, I'm not saying 

576
00:41:53,200 --> 00:41:56,500
that these considerations can 
never appear, but it is not. 

577
00:41:56,500 --> 00:41:59,700
It is not difficult to see that 
from the point of view of 

578
00:41:59,700 --> 00:42:02,300
sister. 
Of the slave owners in the 

579
00:42:02,300 --> 00:42:04,700
Soviet Union this fall. 
So to speak the standard 

580
00:42:04,700 --> 00:42:08,300
attitude that you have toward 
towards people. 

581
00:42:10,200 --> 00:42:14,800
So all in all I wanted to do 
here is just explain some speak 

582
00:42:14,800 --> 00:42:18,000
a little analogy with doing the 
Democracy case. 

583
00:42:18,000 --> 00:42:25,100
And the monarchy case that I try
to show 11, is the the Lesser 

584
00:42:25,100 --> 00:42:29,300
evil, the monarchy and here of 
two evils of slavery for the 

585
00:42:29,300 --> 00:42:32,600
sleep. 
But slavery seems to meet less 

586
00:42:32,600 --> 00:42:36,200
evil than the public slavery 
that existed in other places. 

587
00:42:37,300 --> 00:42:43,600
And also on the subject of 
monarchies, and democracies you 

588
00:42:43,600 --> 00:42:45,200
brought up the American 
Revolution. 

589
00:42:45,200 --> 00:42:47,900
And I just wanted to point out 
that there were a lot more 

590
00:42:47,900 --> 00:42:51,200
forces at play during the 
American Revolution than just 

591
00:42:51,200 --> 00:42:52,800
economics. 
I mean, there was the whole idea

592
00:42:52,800 --> 00:42:54,100
of the divine, right? 
Of kings. 

593
00:42:54,100 --> 00:42:59,100
And the claim of the Continental
Congress that in fact, everyone 

594
00:42:59,100 --> 00:43:01,600
has that divine right to be 
their own King. 

595
00:43:01,600 --> 00:43:05,000
And so you're not fit to be the 
ruler of us, a free people. 

596
00:43:05,000 --> 00:43:11,900
And that kind of You're so, I 
wonder if maybe we're making the

597
00:43:11,900 --> 00:43:15,300
same mistake as Karl Marx and 
reducing everything to 

598
00:43:15,300 --> 00:43:18,000
economics. 
When, in fact, there's religious

599
00:43:18,000 --> 00:43:22,800
attitudes and all different sort
of things that come into account

600
00:43:22,800 --> 00:43:25,100
besides economics. 
That's a, no. 

601
00:43:26,200 --> 00:43:29,500
I absolutely agree. 
Of course, with economic ideas 

602
00:43:29,500 --> 00:43:36,300
of very important, but but they 
are other things such as 

603
00:43:36,300 --> 00:43:39,700
religion and culture. 
Oh sure, which are as important 

604
00:43:40,000 --> 00:43:46,500
and you will see in my mind, 
democracy book, in particular, 

605
00:43:46,500 --> 00:43:55,900
how sympathetic I am towards the
idea of the session isn't as a 

606
00:43:55,900 --> 00:44:02,400
means in a way to create you 
have to create smaller smaller 

607
00:44:02,400 --> 00:44:09,700
units of more homogeneous. 
Of people there to allow it, 

608
00:44:10,400 --> 00:44:15,600
people of different different 
religion, of different language 

609
00:44:15,600 --> 00:44:22,100
of different culture to live 
together, according to their 

610
00:44:22,100 --> 00:44:28,500
own, to their own lights and 
engage in free trade with other 

611
00:44:29,300 --> 00:44:34,900
with other small territories who
might internally have very 

612
00:44:34,900 --> 00:44:37,100
different religious structural 
linguistics. 

613
00:44:37,200 --> 00:44:39,100
Ballistic structure and so 
forth. 

614
00:44:40,100 --> 00:44:49,100
So I, if I promote as a second 
best alternative. 

615
00:44:49,600 --> 00:44:58,100
Also, the idea of pulse to what 
the our Elites have in mind for 

616
00:44:58,100 --> 00:45:01,500
us. 
That is the ideal of a one-world

617
00:45:01,500 --> 00:45:09,400
State. 
My, my view is Be far better for

618
00:45:10,200 --> 00:45:14,200
for mankind, not only 
economically but also culturally

619
00:45:15,100 --> 00:45:18,500
and socially and so forth. 
If we would have instead, the 

620
00:45:18,500 --> 00:45:23,000
world that would consist of 
whatever, tens of thousands of 

621
00:45:23,000 --> 00:45:29,100
independent, political units, 
and, and free cities engaged in 

622
00:45:30,500 --> 00:45:34,300
in free trade with, with each 
other, but being internally 

623
00:45:34,300 --> 00:45:37,100
quite different from some other 
place. 

624
00:45:37,200 --> 00:45:42,100
Has so a radical 
decentralization of of the world

625
00:45:42,100 --> 00:45:46,300
rather than the current projects
of creating ever more 

626
00:45:46,300 --> 00:45:51,700
centralization and ultimately 
aspiring to create create a 

627
00:45:51,700 --> 00:45:55,000
world state. 
I'm so glad you brought that up 

628
00:45:55,000 --> 00:45:58,800
because really I mean throughout
the 20th century, the leaders of

629
00:45:59,600 --> 00:46:04,100
the movement for the world. 
State have been the permanent 

630
00:46:04,100 --> 00:46:07,100
family establishments in 
America, such as The Rock. 

631
00:46:07,300 --> 00:46:09,000
Tyler's, the harriman's in the 
bushes. 

632
00:46:09,400 --> 00:46:13,500
They're the ones who want this 
world State acting, what they 

633
00:46:13,500 --> 00:46:16,700
perceive to be their own 
long-term interest who also 

634
00:46:16,700 --> 00:46:17,900
obvious reasons. 
Yes. 

635
00:46:18,100 --> 00:46:21,600
I think those people who are in 
command of the American 

636
00:46:21,600 --> 00:46:25,700
government, the hope of course, 
that it will be the American 

637
00:46:25,700 --> 00:46:29,800
government that will play the 
leading role in this future 

638
00:46:29,800 --> 00:46:33,200
world. 
Government incident. 

639
00:46:35,000 --> 00:46:40,000
There is are also intentions to 
to create obviously, a One World

640
00:46:40,000 --> 00:46:43,200
Currency. 
And again, my I'm sure that the 

641
00:46:43,200 --> 00:46:48,900
American leaders expect that 
that they will be the ones that 

642
00:46:50,600 --> 00:46:53,900
are the dominating people when 
it comes to the running of this 

643
00:46:54,400 --> 00:46:59,400
world Central Bank, which issues
one wall, paper currency paper 

644
00:46:59,400 --> 00:47:00,400
currency. 
Yes. 

645
00:47:00,700 --> 00:47:06,200
I think these sorts of 
Tendencies underway, not only in

646
00:47:06,200 --> 00:47:09,400
the United States. 
Days, they have drawn many 

647
00:47:09,400 --> 00:47:15,600
Europeans and Asian's 
influential people into these 

648
00:47:15,600 --> 00:47:19,800
circles to. 
And and it is important that in 

649
00:47:19,800 --> 00:47:23,500
the general public, some sort of
alternative Vision. 

650
00:47:24,900 --> 00:47:30,000
If promoted tools has won World 
Vision, which the which the 

651
00:47:30,000 --> 00:47:33,800
elites present to us. 
What a big part of their 

652
00:47:34,900 --> 00:47:37,100
elitist. 
One World system that they're 

653
00:47:37,100 --> 00:47:40,300
setting up is free trade 
agreements, right? 

654
00:47:40,300 --> 00:47:43,900
NAFTA, and GATT and the free 
trade area of the Americas. 

655
00:47:43,900 --> 00:47:47,100
The European Union, of course 
started off as a free trade zone

656
00:47:47,600 --> 00:47:52,500
and I wonder how you see the 
correlation there between 

657
00:47:52,500 --> 00:47:56,400
opening up all the markets. 
And I mean basically in fact, I 

658
00:47:56,400 --> 00:48:00,500
think this is something I read 
on mises that borders are 

659
00:48:00,500 --> 00:48:03,300
created to keep products. 
That's what they're for. 

660
00:48:03,700 --> 00:48:10,400
And I just wonder you know, if 
we if we Have such open borders 

661
00:48:10,400 --> 00:48:12,900
and free trade with everyone and
everything. 

662
00:48:13,600 --> 00:48:15,800
At some point. 
Are we going to have ten 

663
00:48:15,800 --> 00:48:17,500
thousand tiny little 
sovereignties? 

664
00:48:17,500 --> 00:48:20,800
Or are we just going to have one
big state over the whole planet?

665
00:48:22,400 --> 00:48:25,500
Let me just, that's possible to 
choose, which way it goes. 

666
00:48:26,600 --> 00:48:30,600
Let me talk about the defense, 
the industry trade agreements. 

667
00:48:30,600 --> 00:48:36,800
That mean They are free trade 
agreements. 

668
00:48:36,800 --> 00:48:41,300
Only in name American Waters of 
the North American Free Trade 

669
00:48:41,300 --> 00:48:45,000
Agreement of some sort of 
document or well above 1,000 

670
00:48:45,000 --> 00:48:48,600
pages and the Free Trade 
Agreement. 

671
00:48:48,600 --> 00:48:51,400
Only needs two sentences. 
So whoever wants to send 

672
00:48:51,400 --> 00:48:54,100
something else can send it out 
and brother wants to buy 

673
00:48:54,100 --> 00:48:57,800
something from somebody abroad 
can do so too. 

674
00:48:58,700 --> 00:49:01,300
So have little to do with free 
trade. 

675
00:49:01,300 --> 00:49:07,000
That is more an agreement 
between To give advantages to 

676
00:49:07,000 --> 00:49:12,300
select Industries involved in 
those countries in the European 

677
00:49:12,300 --> 00:49:14,000
Union. 
The European case. 

678
00:49:14,000 --> 00:49:17,000
It is basically the same is 
basically the same thing. 

679
00:49:17,000 --> 00:49:20,300
It has nothing to do with free 
trade, but it has to do with 

680
00:49:20,400 --> 00:49:24,600
with harmonizing the packs and 
the regulation structure that 

681
00:49:24,600 --> 00:49:29,900
exists in European countries and
and makes them that makes them 

682
00:49:29,900 --> 00:49:33,400
so to speak. 
Equally uncompetitive. 

683
00:49:34,900 --> 00:49:38,900
If you have text a in Germany 
and you have text be in France, 

684
00:49:39,400 --> 00:49:43,200
then the European integration, 
make sure that those Germany and

685
00:49:43,200 --> 00:49:47,200
France has both types of taxes. 
You have Germany regulates the 

686
00:49:47,200 --> 00:49:51,700
beer industry and France, 
regulates the baking industry. 

687
00:49:51,800 --> 00:49:56,300
Then the European integration 
consists in Germany, regulates 

688
00:49:56,300 --> 00:49:58,400
baking and beer brewing in 
France. 

689
00:49:58,400 --> 00:50:01,500
Does this say? 
That's free trade. 

690
00:50:01,500 --> 00:50:03,400
Rockefellers. 
That doesn't, that's, that's 

691
00:50:03,400 --> 00:50:06,900
free trade. 
Rockefeller style or whatever. 

692
00:50:06,900 --> 00:50:09,600
But addresses. 
This is not really what? 

693
00:50:09,600 --> 00:50:13,700
What economists usually 
described as as free trade. 

694
00:50:13,900 --> 00:50:19,600
This is an upward harm and 
harmonization of Taxation and 

695
00:50:19,600 --> 00:50:22,400
regulation. 
In, in order to present. 

696
00:50:22,400 --> 00:50:26,300
Basically that people have a 
reason to move from one place to

697
00:50:26,300 --> 00:50:31,500
another, they want to reduce 
competition between the between 

698
00:50:31,500 --> 00:50:33,300
the between the various 
countries. 

699
00:50:33,400 --> 00:50:37,400
And Not by accident. 
Do they complain? 

700
00:50:37,700 --> 00:50:43,200
Especially about your such 
spoilers as Switzerland? 

701
00:50:43,200 --> 00:50:47,200
And Liechtenstein for instance, 
which are not numbers of the 

702
00:50:47,200 --> 00:50:50,900
European community, and have 
lower taxes, and less 

703
00:50:50,900 --> 00:50:56,600
regulations. 
And, and people in put their 

704
00:50:56,600 --> 00:50:59,900
money in those places rather 
than put their money into 

705
00:50:59,900 --> 00:51:03,400
countries of the European 
community, and the European 

706
00:51:03,400 --> 00:51:08,700
community of Of is annoyed at 
this and wants to force them. 

707
00:51:08,700 --> 00:51:13,000
Also, to adopt the same bank 
secrecy laws. 

708
00:51:13,000 --> 00:51:18,700
The same taxation rules that 
exists in integrator Europe. 

709
00:51:18,700 --> 00:51:26,600
So, this is the type of of free 
markets that the, the elites 

710
00:51:26,600 --> 00:51:32,100
have F in heaven. 
Mind, has nothing to do with 

711
00:51:32,100 --> 00:51:35,300
genuine free trade. 
This has just just to do with 

712
00:51:35,300 --> 00:51:40,000
regulating the market in such a 
way that it benefits the 

713
00:51:40,100 --> 00:51:44,900
government connected Industries 
in in the various participating 

714
00:51:44,900 --> 00:51:48,300
States. 
What do you say to people who 

715
00:51:48,300 --> 00:51:50,600
say that the move toward a world
state? 

716
00:51:50,600 --> 00:51:54,200
Is simply a natural course. 
They say, look at history and 

717
00:51:54,200 --> 00:51:56,400
you had tiny little city-states 
and grease. 

718
00:51:56,400 --> 00:52:00,000
And and then the size of the 
countries just got bigger and 

719
00:52:00,000 --> 00:52:01,600
bigger. 
And now we're ready to merge 

720
00:52:01,600 --> 00:52:04,400
North and South America together
and merge all Europe into one 

721
00:52:04,400 --> 00:52:09,100
nation and that we eventually 
have to have a world government 

722
00:52:09,200 --> 00:52:13,200
kind of idea. 
I mean, you can, you can see 

723
00:52:13,200 --> 00:52:17,800
that these Tendencies have 
existed as long as Mankind 

724
00:52:17,800 --> 00:52:18,700
exists. 
So to speak. 

725
00:52:18,700 --> 00:52:22,000
There is this tendency is 
towards centralization and 

726
00:52:22,000 --> 00:52:25,200
tendencies towards 
decentralization. 

727
00:52:25,800 --> 00:52:29,500
The centralizing Tendencies 
happened, the stronger one over 

728
00:52:29,500 --> 00:52:35,400
the Long Haul of of History. 
I don't have a chip in my 

729
00:52:35,700 --> 00:52:39,700
democracy that would to God That
Failed book on this on this 

730
00:52:39,700 --> 00:52:46,900
issue on this issue too. 
And again, we can explain why 

731
00:52:47,000 --> 00:52:51,200
Why? 
That is, look, if you ask 

732
00:52:51,200 --> 00:52:54,800
yourself. 
How aggressive will you be in 

733
00:52:54,800 --> 00:52:59,900
your own behavior? 
And you construct two examples? 

734
00:52:59,900 --> 00:53:05,000
In one case you have to pay for 
your own aggression, out of your

735
00:53:05,000 --> 00:53:07,300
own resources. 
You must buy your own 

736
00:53:07,300 --> 00:53:11,400
bodyguards, you must provide the
ammunition weapons and so forth.

737
00:53:11,400 --> 00:53:16,500
And you must do the fighting. 
And in the other case, you can 

738
00:53:17,100 --> 00:53:20,500
You can take the resources of 
other people, make other people.

739
00:53:20,500 --> 00:53:24,200
Be your bodyguard and so forth. 
That is being the position of 

740
00:53:24,200 --> 00:53:28,500
the text of the taxing State. 
On the what circumstances will 

741
00:53:28,500 --> 00:53:33,500
you likely be more keen to 
engage in aggressive behavior. 

742
00:53:33,500 --> 00:53:37,000
The answer is, of course, if you
have the right to tax, then you 

743
00:53:37,000 --> 00:53:41,000
will be likely more aggressive 
than you would be if you had to 

744
00:53:41,000 --> 00:53:46,100
pay all of all of the expenses 
expenses connected with an 

745
00:53:46,100 --> 00:53:48,300
aggression. 
Out of your own pocket, so it's 

746
00:53:48,300 --> 00:53:53,400
not difficult to explain why 
States aggressive and then they 

747
00:53:53,400 --> 00:53:58,500
come into conflict with each 
other because people move move 

748
00:53:58,500 --> 00:54:00,500
away from one to the other 
states. 

749
00:54:00,500 --> 00:54:06,600
All begin very small. 
And then there is, people vote 

750
00:54:06,600 --> 00:54:11,300
with their feet from, go to 
places that are more moderate in

751
00:54:11,300 --> 00:54:16,400
terms of taxes and regulations 
states. 

752
00:54:16,400 --> 00:54:21,600
Don't like See that happening 
because of their milk cows. 

753
00:54:21,600 --> 00:54:25,300
I'm looking for to speak on on 
other grounds. 

754
00:54:25,300 --> 00:54:30,100
Not, they're not their own, and 
then they get involved in a war 

755
00:54:30,100 --> 00:54:32,700
and the competition between 
States. 

756
00:54:32,700 --> 00:54:39,800
In war, if eliminative not, like
Ford and GM, can all stay in 

757
00:54:39,800 --> 00:54:42,500
existence, even though they 
compete against each other. 

758
00:54:42,600 --> 00:54:45,200
The competition must not end 
with one. 

759
00:54:45,700 --> 00:54:50,400
Must smash the other. 
Other but in a, you know, when 

760
00:54:50,400 --> 00:54:54,200
States get into constant within 
with each other, then their 

761
00:54:54,200 --> 00:54:57,500
result must be one must smash 
the other because you cannot 

762
00:54:57,500 --> 00:55:02,500
have two texting agencies and to
ultimate judges on the same 

763
00:55:02,500 --> 00:55:06,600
territory only once. 
And then you need to explain 

764
00:55:07,000 --> 00:55:10,800
what states will tend to win in 
these wars. 

765
00:55:10,800 --> 00:55:13,500
And what states that the to lose
in these wars. 

766
00:55:14,000 --> 00:55:17,800
And if everything else is 
roughly the same, we can It 

767
00:55:17,800 --> 00:55:23,900
states that are moderates as far
as Taxation and regulation is 

768
00:55:23,900 --> 00:55:30,800
concerned and whoo-hoo. 
Over a relatively prosperous 

769
00:55:31,700 --> 00:55:36,800
population will tend to beat in 
the long run states that are 

770
00:55:39,300 --> 00:55:43,200
this moderate more brutal in 
terms of Taxation and regulation

771
00:55:43,200 --> 00:55:46,900
because they are populations 
grow by by and large. 

772
00:55:47,000 --> 00:55:51,500
HP, poor populations, and in a 
war, you need productive. 

773
00:55:51,500 --> 00:55:58,600
Populations who provide you with
ammunition and soldiers and, and

774
00:55:58,600 --> 00:56:01,600
foodstuff two feet per feed the 
soldiers and so forth. 

775
00:56:02,600 --> 00:56:10,900
So it is a moderate states that 
tend to be the more, the more 

776
00:56:10,900 --> 00:56:14,300
brutal, more brutal States 
because they had a deal, they 

777
00:56:14,300 --> 00:56:16,800
have a more productive 
populations. 

778
00:56:17,000 --> 00:56:23,500
Explains why she like boot Great
Britain became a big superpower.

779
00:56:24,500 --> 00:56:29,400
And then after the Great Britain
by the United States became a 

780
00:56:29,400 --> 00:56:34,200
big, big super power. 
They were more moderate 

781
00:56:34,200 --> 00:56:40,400
internally wealthier internally 
and can can beat other other 

782
00:56:40,400 --> 00:56:44,100
states who are more precious 
internally and also unproductive

783
00:56:44,100 --> 00:56:46,800
internal. 
He's relatively easily. 

784
00:56:46,900 --> 00:56:53,100
It explains even phenomena such 
as why is it that the United 

785
00:56:53,100 --> 00:56:59,200
States for instance was in its 
foreign policies, comparitively 

786
00:56:59,200 --> 00:57:05,300
aggressive as compared to the 
former Soviet Union? 

787
00:57:05,700 --> 00:57:08,400
The Soviet Union. 
So that people don't 

788
00:57:08,400 --> 00:57:11,700
misunderstand me here. 
I have nothing good to say about

789
00:57:11,700 --> 00:57:15,400
the Soviet Union's, the most, 
oppressive, most brutal terrible

790
00:57:15,400 --> 00:57:18,500
regimes that that one. 
And imagine they have from 

791
00:57:18,500 --> 00:57:21,700
firsthand experience from that 
because my parents were refugees

792
00:57:21,700 --> 00:57:27,200
from from East. 
Germany were expropriated there.

793
00:57:27,200 --> 00:57:31,200
So I have no sympathy whatsoever
for that system, but the Russian

794
00:57:31,200 --> 00:57:37,000
leaders knew full well that they
had basket-case economies. 

795
00:57:37,600 --> 00:57:41,500
And they knew full well that 
they would only be able to 

796
00:57:41,500 --> 00:57:44,100
militarily succeed against 
other. 

797
00:57:44,400 --> 00:57:49,500
If those countries, who are far 
smaller than They themselves or 

798
00:57:49,500 --> 00:57:52,700
if they will large, if they 
would engage in some sort of 

799
00:57:52,700 --> 00:57:55,900
surprise attack where you don't 
have to rely for a lengthy 

800
00:57:55,900 --> 00:57:58,200
period of time on a product of 
population. 

801
00:57:58,600 --> 00:58:02,600
So it was as evil as they were 
internally. 

802
00:58:02,600 --> 00:58:07,700
They were of course, rational 
enough to recognize that their 

803
00:58:09,000 --> 00:58:13,500
that their external Ambitions 
could not possibly be fulfilled 

804
00:58:13,500 --> 00:58:16,400
with basket. 
Cake Basket Case, economy's 

805
00:58:16,700 --> 00:58:18,400
what? 
United States you just have the 

806
00:58:18,400 --> 00:58:21,200
opposite. 
You have governments that are at

807
00:58:21,200 --> 00:58:27,000
least comparatively speaking 
moderate as compared with many 

808
00:58:27,800 --> 00:58:31,800
many other places and they're 
terrible as compared to what 

809
00:58:31,900 --> 00:58:35,000
happened in the 19th century, 
but nonetheless relatively 

810
00:58:35,000 --> 00:58:40,800
speaking Still Still among the 
better ones, but they know of 

811
00:58:40,800 --> 00:58:44,300
course if they would come out on
important is almost invariably 

812
00:58:44,300 --> 00:58:46,800
in any type of military 
conflicts. 

813
00:58:46,900 --> 00:58:53,800
Successfully at the not only, 
the superior, size, the economy 

814
00:58:53,800 --> 00:58:58,000
far, more productive. 
So if you know that you will win

815
00:58:58,000 --> 00:59:00,700
in any of these conflicts, of 
course, you will engage in Far 

816
00:59:00,700 --> 00:59:02,800
More conflicts. 
And if you are afraid that you 

817
00:59:02,800 --> 00:59:07,400
will lose, Whether it will be 
very difficult for you to win 

818
00:59:07,400 --> 00:59:09,500
them. 
So it is not an accident. 

819
00:59:09,500 --> 00:59:12,800
I think that the United States 
is involved in all sorts of 

820
00:59:12,800 --> 00:59:16,100
little Affairs, all over the 
world and makes itself enemies 

821
00:59:16,100 --> 00:59:18,400
all over the world in a 
completely. 

822
00:59:18,400 --> 00:59:25,800
Unnecessary way. 
Okay, what let's take a break 

823
00:59:25,800 --> 00:59:29,900
right here and when I get back 
we'll talk about this permanent 

824
00:59:29,900 --> 00:59:33,700
state of warfare that like you 
say, America apparently. 

825
00:59:33,800 --> 00:59:37,800
Can't afford to carry on at 
least for now and where this 

826
00:59:37,800 --> 00:59:42,500
might lead in the future. 
Our Guest today is hands Herman,

827
00:59:42,500 --> 00:59:46,900
hot is Professor of Economics at
UNLV and a senior fellow at the 

828
00:59:46,900 --> 00:59:50,100
Ludwig von mises Institute. 
We are talking about the 

829
00:59:50,100 --> 00:59:55,900
individual, the state democracy 
free economics, and all the rest

830
00:59:55,900 --> 00:59:58,900
of that. 
So, play a little song and take 

831
00:59:58,900 --> 01:00:00,900
a break everybody. 
Stay right there. 

832
01:00:00,900 --> 01:00:06,400
You listening to radio chaos, 
95. .9 FM in Austin, Texas. 

833
01:00:09,800 --> 01:00:11,800
All right, everybody. 
We're back on the weekend 

834
01:00:11,800 --> 01:00:14,000
interview show. 
I'm your host Philip, Drew 

835
01:00:14,000 --> 01:00:15,800
administrator. 
My guess. 

836
01:00:15,800 --> 01:00:20,000
Is on top. 
He is a professor of Economics 

837
01:00:20,000 --> 01:00:22,300
at the University of Nevada. 
Las Vegas. 

838
01:00:22,400 --> 01:00:25,200
Senior fellow at the Ludwig. 
Von mises Institute. 

839
01:00:25,500 --> 01:00:29,600
He's the author of the new book,
The Myth of National Defense. 

840
01:00:29,600 --> 01:00:33,100
And his last one, which is, I've
read the introduction to his 

841
01:00:34,600 --> 01:00:39,200
incredible democracy, that God 
That Failed and you can look 

842
01:00:39,200 --> 01:00:42,600
them up. 
His website phonecopy.com is H 

843
01:00:42,600 --> 01:00:48,000
oppe and also arrives Lew 
Rockwell.com. 

844
01:00:48,000 --> 01:00:51,300
You can find Archives of his 
many articles. 

845
01:00:52,100 --> 01:00:53,100
Let's see. 
Okay. 

846
01:00:53,100 --> 01:00:55,900
So when we left off, we were 
talking about how the Soviet 

847
01:00:55,900 --> 01:00:58,600
Union never tried to take over 
the world because they knew they

848
01:00:58,600 --> 01:01:03,400
couldn't their economy could not
afford to do it and how in the 

849
01:01:03,400 --> 01:01:08,100
country as free and strong as 
America is, we can produce 

850
01:01:08,100 --> 01:01:11,800
enough that that say, for 
example, the neoconservatives in

851
01:01:11,800 --> 01:01:15,100
charge of American policy. 
Now believe that the American 

852
01:01:15,100 --> 01:01:18,000
people have the unlimited 
capacity to overthrow the whole 

853
01:01:18,000 --> 01:01:21,700
world for them. 
And I wonder we seem to be on 

854
01:01:21,700 --> 01:01:25,900
this course, and I haven't been 
seeing many Neo cons getting 

855
01:01:25,900 --> 01:01:29,800
fired lately or anything. 
So it looks like, you know, 

856
01:01:29,800 --> 01:01:34,000
Syria Iran, Saudi Arabia, or on 
the list for this 

857
01:01:34,000 --> 01:01:38,700
Administration, they would very 
much like it to be anyway, so I 

858
01:01:38,707 --> 01:01:42,900
guess What I like to ask you is,
where is this state of Perpetual

859
01:01:42,900 --> 01:01:46,600
war going to lead? 
What is going to happen to the 

860
01:01:46,600 --> 01:01:49,200
core of the Empire as we 
expanded? 

861
01:01:52,200 --> 01:01:57,200
All states, like twice. 
He's twice. 

862
01:01:57,200 --> 01:02:01,900
He's always good in all in order
to tell the old population, that

863
01:02:01,900 --> 01:02:05,700
it's time to give up some of 
their rights and hand them over 

864
01:02:05,700 --> 01:02:09,200
to the government and make the 
government even stronger. 

865
01:02:11,000 --> 01:02:17,600
So, because of that, you can, 
you can predict that we will go 

866
01:02:17,600 --> 01:02:21,100
from one little crisis to the, 
to the Experiment. 

867
01:02:21,100 --> 01:02:25,000
They were happy with with 9/11 
in a way because that gives them

868
01:02:25,000 --> 01:02:28,200
the possibility of introduce 
something like the patriarch. 

869
01:02:29,600 --> 01:02:35,800
The Patriot Act, the people 
rally behind the administration 

870
01:02:37,300 --> 01:02:44,000
when when soldiers fight in 
informed in foreign countries, 

871
01:02:45,100 --> 01:02:49,900
but but of course, all of this 
has to be paid for somehow, not 

872
01:02:49,900 --> 01:02:56,200
only Socially, which we already 
see how difficult this is to 

873
01:02:56,200 --> 01:02:59,000
finance. 
All of these adventurous there 

874
01:02:59,200 --> 01:03:03,900
in Iraq, first to bomb the place
to ground and then and then use 

875
01:03:03,900 --> 01:03:09,700
American taxpayers and taxpayer 
money to rebuild the place to 

876
01:03:09,707 --> 01:03:18,100
build the place back up, but it 
is also expensive in the sense 

877
01:03:18,100 --> 01:03:22,400
that the time. 
I'd come by engaging in this 

878
01:03:22,400 --> 01:03:28,800
foreign policy, increasingly 
loses Goodwill among among other

879
01:03:28,800 --> 01:03:32,500
people. 
I think if you would take a 

880
01:03:32,508 --> 01:03:38,600
survey, the world all over and 
would ask people, you know, if 

881
01:03:38,600 --> 01:03:42,100
you couldn't live in your own 
country anymore and would have 

882
01:03:42,100 --> 01:03:49,200
to seek refuge in The Refuge 
someplace. 

883
01:03:49,200 --> 01:03:53,800
Where would you go? 
I think America would ring by 

884
01:03:53,800 --> 01:03:59,400
far number one and that would be
even far more pronounced. 

885
01:03:59,400 --> 01:04:05,100
So if America would just mind 
its own business, and leave 

886
01:04:05,100 --> 01:04:08,700
other people alone. 
Let other people do their 

887
01:04:09,000 --> 01:04:13,700
nonsense that they want to do. 
They will have to learn 

888
01:04:13,700 --> 01:04:18,600
themselves as long as they are, 
no immediate danger to the 

889
01:04:18,600 --> 01:04:22,800
security of the United States. 
Why interfere there. 

890
01:04:23,400 --> 01:04:29,200
You always interfere only on one
side of the population in these 

891
01:04:29,200 --> 01:04:33,700
countries and you automatically 
make the other part of the 

892
01:04:33,700 --> 01:04:38,300
population, your enemies. 
And there is no need to make 

893
01:04:38,300 --> 01:04:43,200
these to make these enemies to 
ask. 

894
01:04:43,500 --> 01:04:48,700
I think n as the size of the 
territory controlled by the 

895
01:04:48,700 --> 01:04:53,300
United States in. 
Pieces and you will get you all 

896
01:04:53,300 --> 01:05:00,300
to get FL more internal Warfare,
not terrorist, terrorist 

897
01:05:00,300 --> 01:05:02,900
activities, withdrawing from 
inside. 

898
01:05:05,500 --> 01:05:08,100
Well, it also brings up the 
question of whether we can 

899
01:05:08,100 --> 01:05:11,300
afford an economically. 
I mean, we're in a recession 

900
01:05:11,300 --> 01:05:13,600
right now. 
I know the newspaper said that 

901
01:05:13,600 --> 01:05:16,900
we had what 17% growth in the 
last quarter. 

902
01:05:17,200 --> 01:05:20,400
I don't know whose algebraic 
calculations are ya. 

903
01:05:20,600 --> 01:05:24,100
I know I fix the doll. 
So those are probably just sent 

904
01:05:24,100 --> 01:05:27,200
of these numbers and they have 
also something to do with with 

905
01:05:27,200 --> 01:05:34,200
the fact that G&P Hadji and P is
is calculated, for instance. 

906
01:05:34,200 --> 01:05:41,400
Every military expenditure is 
considered to be included in in 

907
01:05:41,400 --> 01:05:42,900
G&P. 
Even though they don't 

908
01:05:42,900 --> 01:05:46,100
contribute anything to to human 
well-being. 

909
01:05:46,800 --> 01:05:48,800
After all. 
They're just tanks getting shot 

910
01:05:48,800 --> 01:05:53,500
down there and standing. 
Around doing nothing to benefit 

911
01:05:53,500 --> 01:05:57,400
any any Americans in anyway, 
nonetheless, you have to pay for

912
01:05:57,800 --> 01:06:03,100
for all of these materials and 
Manpower at the spending for the

913
01:06:03,100 --> 01:06:06,700
Iraq war is going into their 
calculations for the gross 

914
01:06:06,700 --> 01:06:10,100
national product. 
Yeah, yeah. 

915
01:06:12,100 --> 01:06:30,900
Yeah, you see that 440 in order 
to calculate the value of 

916
01:06:31,200 --> 01:06:36,000
government services because they
are not sold and and brought on 

917
01:06:36,500 --> 01:06:41,100
in the market you simply take. 
Whatever it costs to build them.

918
01:06:41,100 --> 01:06:47,600
And then you say this is so to 
speak and valuable valuable 

919
01:06:47,600 --> 01:06:50,700
product valued at such-and-such 
a price because that's the 

920
01:06:50,700 --> 01:06:53,000
amount of money. 
It costs are to cost us to 

921
01:06:53,000 --> 01:06:59,200
produce 24. 
Even even things that are not 

922
01:06:59,200 --> 01:07:04,400
sold and have no buyer. 
I'd have no National seller even

923
01:07:04,400 --> 01:07:07,500
even though things are included 
in gross national product. 

924
01:07:07,600 --> 01:07:10,500
Yes. 
It's still here. 

925
01:07:10,500 --> 01:07:12,900
We are in the middle of building
the world. 

926
01:07:14,300 --> 01:07:18,900
We have seven trillion dollars 
almost of accumulated national 

927
01:07:18,900 --> 01:07:20,700
debt. 
Almost half a trillion dollar 

928
01:07:20,700 --> 01:07:24,700
deficit just this year. 
So then the question is, as 

929
01:07:24,700 --> 01:07:28,500
powerful an economy. 
As America does have, you know, 

930
01:07:28,500 --> 01:07:31,900
with all their funny numbers 
notwithstanding, can we really 

931
01:07:31,900 --> 01:07:36,000
afford to overthrow all these 
Rogue States and bring them all 

932
01:07:36,000 --> 01:07:38,500
into the International Community
at gunpoint? 

933
01:07:39,100 --> 01:07:43,600
No, obviously not. 
I mean, you you already see that

934
01:07:43,600 --> 01:07:47,400
you are on, on a begging spree, 
for money, to go to other 

935
01:07:47,400 --> 01:07:51,200
countries, to just help you out 
in, in Iraq. 

936
01:07:52,400 --> 01:07:57,800
And if these attacks on the 
American occupying forces in 

937
01:07:57,800 --> 01:08:03,600
Iraq continue, you will not be 
able to to withdraw easily. 

938
01:08:03,600 --> 01:08:08,100
Just this will be a permanent 
permanent Financial bird. 

939
01:08:09,500 --> 01:08:14,300
And it is, and contemplating 
going to places like Iran, which

940
01:08:14,300 --> 01:08:19,500
has far bigger population is far
more difficult to control also, 

941
01:08:21,100 --> 01:08:24,899
because of its geography, and 
two forces, almost almost 

942
01:08:24,899 --> 01:08:30,700
Unthinkable. 
So no formula for military 

943
01:08:30,700 --> 01:08:36,100
reasons, they cannot, they 
cannot go on and on and on they 

944
01:08:36,100 --> 01:08:38,700
will have to interrupt and then 
choose. 

945
01:08:39,100 --> 01:08:45,100
Selected selected targets. 
So even the most powerful and 

946
01:08:45,100 --> 01:08:47,899
richest nation in the history of
the whole world can't take over 

947
01:08:47,899 --> 01:08:50,600
the world. 
No, I'm not. 

948
01:08:51,399 --> 01:08:53,800
No. 
I've got played no other Empire.

949
01:08:53,800 --> 01:08:59,000
Could do it know that the United
States cannot if there would be 

950
01:08:59,600 --> 01:09:03,100
two or three front War they 
would already be incapable of 

951
01:09:03,100 --> 01:09:08,100
fighting. 
Let's say, let's say China would

952
01:09:09,500 --> 01:09:16,100
will try to invade Taiwan of the
form of Mosa, put the United 

953
01:09:16,100 --> 01:09:18,800
States, engage in such a thing. 
The answer would be, no. 

954
01:09:18,800 --> 01:09:22,399
They don't have the military 
power to have to be stationed in

955
01:09:24,000 --> 01:09:28,000
Iraq, and at the same time, 
fight fight a war, they also. 

956
01:09:30,200 --> 01:09:43,100
So I think they have the 
impossibility of Adventures. 

957
01:09:43,300 --> 01:09:47,300
Because they seem I mean Taiwan 
and China is a perfect example. 

958
01:09:47,300 --> 01:09:51,500
I think this current group of 
foreign policy people would do 

959
01:09:51,500 --> 01:09:54,000
everything they could to 
intervene in this situation. 

960
01:09:54,900 --> 01:09:59,700
The politicians people who 
sometimes have no concept of 

961
01:10:00,300 --> 01:10:06,400
scarcity, and they are probably 
stimulated in This Feeling by 

962
01:10:06,800 --> 01:10:10,000
being in control of an 
institution to like the federal 

963
01:10:10,000 --> 01:10:13,000
reserve's of can print money at 
will. 

964
01:10:13,800 --> 01:10:16,700
That gives you the results. 
So to speak that you can just 

965
01:10:16,700 --> 01:10:21,000
accomplish whatever you want by,
just printing up the money, but 

966
01:10:21,000 --> 01:10:24,800
the consequence will be just, 
this will be a hyperinflationary

967
01:10:24,800 --> 01:10:29,700
conditions and you will get 
problems internally. 

968
01:10:29,700 --> 01:10:33,200
That is stood, there will be a 
rebellion of the United States 

969
01:10:33,200 --> 01:10:36,400
population if that happens 
because that's what white bulbs,

970
01:10:36,400 --> 01:10:40,300
their Pension funds, their 
plans, for retirement, and so 

971
01:10:40,300 --> 01:10:45,400
forth, so you It's very 
difficult in the Mover to pull 

972
01:10:45,400 --> 01:10:47,300
off. 
Right. 

973
01:10:47,300 --> 01:10:50,000
Well, it's not the TV is always 
going to blame inflation on 

974
01:10:50,000 --> 01:10:51,700
wages. 
Going up instead of the 

975
01:10:51,700 --> 01:10:53,600
government creating money out of
nothing. 

976
01:10:54,600 --> 01:10:56,500
Right? 
Right, right. 

977
01:10:56,500 --> 01:11:01,000
Some foreign speculators who who
do these sorts of things instead

978
01:11:01,000 --> 01:11:04,300
of asking oneself. 
The simple question. 

979
01:11:04,700 --> 01:11:10,500
Who, who is it in the United 
States who can print money and 

980
01:11:10,500 --> 01:11:12,900
who cannot? 
And the answer is there's only 

981
01:11:12,900 --> 01:11:16,600
one institution that can do it 
and everybody else is concerned.

982
01:11:16,800 --> 01:11:24,700
To be a counterfeiter if they do
it earners, they're not the ones

983
01:11:24,700 --> 01:11:27,300
causing. 
It must be the fed. 

984
01:11:27,600 --> 01:11:31,100
And of course it is all the. 
So it is it is all this effect 

985
01:11:32,000 --> 01:11:34,400
because the government is the 
only institution that prints 

986
01:11:34,400 --> 01:11:40,400
money and since they have the 
right to print money, they will 

987
01:11:41,000 --> 01:11:42,700
use of power. 
They will print it. 

988
01:11:43,600 --> 01:11:46,600
I mean, imagine I would I would 
appoint you. 

989
01:11:46,700 --> 01:11:50,200
You to the position where you 
are, the only person in the 

990
01:11:50,200 --> 01:11:55,800
country that can print US dollar
notes and nobody else could 

991
01:11:55,900 --> 01:11:59,800
could do it. 
Everybody else would be labeled,

992
01:11:59,800 --> 01:12:03,700
a counterfeit of, would you 
would you print on us? 

993
01:12:04,100 --> 01:12:05,500
And the answer is, of course, it
costs. 

994
01:12:05,500 --> 01:12:09,100
You nothing to print them and 
then you can go out and buy a 

995
01:12:09,100 --> 01:12:13,600
real things with these things. 
So, of course, you will do it. 

996
01:12:14,900 --> 01:12:16,600
You want to have a new car, you 
want to have to? 

997
01:12:16,800 --> 01:12:19,500
House and you find out that you 
have far more friends than you 

998
01:12:19,500 --> 01:12:22,300
ever thought, they also come to 
you because you have to Magic 

999
01:12:22,300 --> 01:12:29,500
want and I think politicians by 
and large many of many of them 

1000
01:12:30,500 --> 01:12:35,700
believe that with this with this
tool in hand the money creation 

1001
01:12:35,700 --> 01:12:39,300
tool in hand. 
You can you can find almost 

1002
01:12:39,300 --> 01:12:43,400
everything under the sun. 
Well Sir, John Maynard Keynes 

1003
01:12:43,400 --> 01:12:46,300
said that it would make everyone
on earth a millionaire. 

1004
01:12:47,200 --> 01:12:49,000
I guess. 
Almond taking into account. 

1005
01:12:49,000 --> 01:12:51,000
How little a million dollars 
would be worth by. 

1006
01:12:51,000 --> 01:12:54,900
Then. 
He actually, which is not 

1007
01:12:55,600 --> 01:12:59,400
frequently quoted by 
contemporary Keynesian school 

1008
01:13:01,000 --> 01:13:06,900
that he had actually in his 
name's main book on money 

1009
01:13:06,900 --> 01:13:12,900
employment and interest at 
passage where he said that If 

1010
01:13:12,900 --> 01:13:17,600
people would follow his monetary
schemes of is he engaging in 

1011
01:13:17,600 --> 01:13:23,600
inflation that he could abolish 
scarcity within one generation, 

1012
01:13:25,500 --> 01:13:30,500
which is almost a religious 
fanatic, religious belief and 

1013
01:13:30,500 --> 01:13:34,000
has very little to do with 
economics, but it tells you 

1014
01:13:34,000 --> 01:13:38,600
something about canes and it 
tells you something about the 

1015
01:13:38,600 --> 01:13:41,500
20th century that the man was 
these views. 

1016
01:13:41,800 --> 01:13:45,200
Would become the most famous 
economist of the 20th century. 

1017
01:13:46,200 --> 01:13:49,300
Well, I supply side. 
I'm so glad I got an economist 

1018
01:13:49,300 --> 01:13:51,900
on the phone because I think 
I've been trying to work this 

1019
01:13:51,900 --> 01:13:53,900
out. 
I believe I remember learning in

1020
01:13:53,900 --> 01:13:58,800
school supply side and demand 
side economics are just two 

1021
01:13:58,800 --> 01:14:02,900
sides of Keynesian Theory. 
And so when they say that George

1022
01:14:02,900 --> 01:14:08,600
Bush is has a conservative 
economic policy or whatever. 

1023
01:14:09,500 --> 01:14:11,700
They're really still only 
talking about the right. 

1024
01:14:11,900 --> 01:14:14,000
Side of casing. 
Socialism ripe. 

1025
01:14:14,000 --> 01:14:17,900
It's not like the Republicans 
follow nieces Doctrine. 

1026
01:14:18,400 --> 01:14:23,800
No, no that the difference 
between the Republicans and the 

1027
01:14:23,800 --> 01:14:25,300
Democrats. 
In this regard. 

1028
01:14:25,300 --> 01:14:31,900
I think is only is only the 
first under Republicans. 

1029
01:14:31,900 --> 01:14:35,100
The government power grows 
faster than under Democrats, 

1030
01:14:35,100 --> 01:14:39,700
because everybody expects it 
grows less fast, and you get 

1031
01:14:39,700 --> 01:14:41,700
away with actually growing 
faster. 

1032
01:14:42,100 --> 01:14:45,500
And the Democrats, everybody 
expects, it will grow very fast.

1033
01:14:45,500 --> 01:14:48,300
And so they must curtail their 
desires a little bit. 

1034
01:14:48,800 --> 01:14:52,900
But for instance, under Bush, 
the government size could do far

1035
01:14:53,300 --> 01:14:58,100
far more so than under the 
Clinton and under Reagan, the 

1036
01:14:58,100 --> 01:14:59,400
government sighs. 
Boo. 

1037
01:14:59,400 --> 01:15:02,700
Astronomically to the 
Republicans, have far too good 

1038
01:15:02,700 --> 01:15:06,200
and image in all of this. 
And when it comes to the 

1039
01:15:06,200 --> 01:15:11,600
Keynesian aspects, the only 
difference is this the Democrats

1040
01:15:11,600 --> 01:15:18,400
would The Democrats would sort 
of speak in inflate and in-depth

1041
01:15:18,400 --> 01:15:24,300
themselves for the purpose of 
all sorts of social policies and

1042
01:15:24,300 --> 01:15:29,500
the Republicans would do it for 
all sorts of military purposes. 

1043
01:15:30,600 --> 01:15:36,400
This is, this is, this was a big
stick of of Reagan, whoo-hoo, 

1044
01:15:37,100 --> 01:15:41,000
indebted the United States as 
nobody had before. 

1045
01:15:41,800 --> 01:15:46,900
And all of this or large parts 
of it went into the military and

1046
01:15:46,900 --> 01:15:50,200
then we Democrats dreamed about 
that, but the only difference 

1047
01:15:50,200 --> 01:15:52,900
would have been for them. 
So to speak to instead of 

1048
01:15:52,900 --> 01:15:59,100
spending the destroy these loans
that they get from the public on

1049
01:15:59,200 --> 01:16:02,900
or from the banks on a military 
boondoggle. 

1050
01:16:02,900 --> 01:16:05,400
See would spend them on welfare 
boondoggles. 

1051
01:16:07,000 --> 01:16:09,900
Who gets more welfare the rich 
or the poor in this country? 

1052
01:16:14,200 --> 01:16:21,200
That is one have to Define. 
What welfare is the government 

1053
01:16:21,200 --> 01:16:26,900
spending tax money. 
Whether it's whether its food 

1054
01:16:26,900 --> 01:16:30,000
stamps or welfare, check or 
whatever they are, but the 

1055
01:16:30,008 --> 01:16:34,400
beauty, the exists, of course, 
also also welfare policies that 

1056
01:16:34,400 --> 01:16:43,000
consists in in granting a 
certain producer, higher higher,

1057
01:16:43,000 --> 01:16:46,600
import tariffs imposed on his 
foreign competitors. 

1058
01:16:46,800 --> 01:16:49,700
Is that which are not that easy 
to measure. 

1059
01:16:49,900 --> 01:16:54,300
You don't actually give anything
to the American producer, all 

1060
01:16:54,300 --> 01:16:56,700
you? 
more difficult for the foreign 

1061
01:16:56,700 --> 01:17:00,400
competitor to compete against, 
which is no way you can, of 

1062
01:17:00,400 --> 01:17:15,200
course, also call welfare or 
corporate corporate welfare have

1063
01:17:15,200 --> 01:17:23,000
not studied in great detail, but
the basic idea is that most of 

1064
01:17:23,000 --> 01:17:26,700
the redistribution Ins takes 
place. 

1065
01:17:26,700 --> 01:17:30,300
So to speak within the middle 
class, from one group of the 

1066
01:17:30,300 --> 01:17:37,800
middle class to other groups of 
the middle class, but that does 

1067
01:17:37,800 --> 01:17:43,100
not mean that welfare to the 
poor does not play an important 

1068
01:17:43,100 --> 01:17:45,400
role. 
Also it does. 

1069
01:17:45,400 --> 01:17:54,600
I mean look, we have Medicare 
and Medicaid Medicare. 

1070
01:17:54,600 --> 01:17:59,300
Are Provisions, we have food. 
We have food stamps. 

1071
01:17:59,300 --> 01:18:06,800
We have housing allowance. 
Most of those handouts. 

1072
01:18:06,800 --> 01:18:13,600
Of course, do go to poor people,
rather than to, than the 

1073
01:18:13,600 --> 01:18:17,100
relevant to middle class people.
And again, you can see, this is 

1074
01:18:17,100 --> 01:18:21,600
also something that that there 
have that there has to be some 

1075
01:18:21,600 --> 01:18:25,800
redistribution from which to the
poor you Would expect that under

1076
01:18:26,300 --> 01:18:28,700
especially under Democratic 
conditions. 

1077
01:18:28,700 --> 01:18:32,700
Again, I always use this 
example. 

1078
01:18:33,400 --> 01:18:40,600
Imagine we would have one man. 
One vote on a worldwide scale 

1079
01:18:40,600 --> 01:18:46,800
with soap will state what what 
sort of government would be 

1080
01:18:46,800 --> 01:18:50,500
likely to get. 
Now, we would like to get an 

1081
01:18:50,500 --> 01:18:54,000
Indian Chinese coalition 
government, right? 

1082
01:18:54,000 --> 01:18:57,800
Given But they give him the size
of those of those countries. 

1083
01:18:59,900 --> 01:19:05,500
And in order to be re-elected. 
What would these Indian Chinese 

1084
01:19:05,600 --> 01:19:12,400
government Coalition likely 
decide how to deal with the 

1085
01:19:12,400 --> 01:19:18,200
Western World. 
They would Rob them blind. 

1086
01:19:18,300 --> 01:19:21,300
Right? 
I mean, huge taxes on them and 

1087
01:19:21,300 --> 01:19:24,400
say, you have whatever two cars.
Go on vacation. 

1088
01:19:24,500 --> 01:19:28,000
Do this insist nice thing, and 
look how we live here. 

1089
01:19:28,100 --> 01:19:32,300
So massive redistribution of 
income has to be handed over 

1090
01:19:32,600 --> 01:19:34,800
from from the West to these 
countries. 

1091
01:19:35,000 --> 01:19:39,800
So yes, and the same thing has 
also happened within each 

1092
01:19:39,900 --> 01:19:43,400
country within Germany was in 
France within the United States 

1093
01:19:43,900 --> 01:19:48,200
as they gradually expanded the 
franchise, you know, initially 

1094
01:19:48,700 --> 01:19:54,000
the franchise was quite severely
restricted to in terms of age. 

1095
01:19:55,600 --> 01:20:00,000
And also, in terms of property 
requirements, that people had to

1096
01:20:00,200 --> 01:20:05,900
fulfill, because people were 
afraid that, if people who have 

1097
01:20:05,900 --> 01:20:09,100
no property consult, they will, 
of course, built themselves. 

1098
01:20:09,100 --> 01:20:15,500
The property of those people who
do have property and this is 

1099
01:20:15,500 --> 01:20:18,500
after the extent of the 
franchise gradually in the 19th 

1100
01:20:18,500 --> 01:20:22,200
century, practically everywhere 
in the Western Bloc. 

1101
01:20:22,200 --> 01:20:25,300
This is of course, basically 
what Has happened. 

1102
01:20:26,700 --> 01:20:32,500
We have seen in all countries. 
The rise of socialist will be 

1103
01:20:32,500 --> 01:20:34,600
United States called liberal 
movements. 

1104
01:20:36,000 --> 01:20:41,100
I mean, in Europe, Liberals are 
social Democrats and liberals in

1105
01:20:41,100 --> 01:20:45,200
Europe are free marketeers. 
Some of the would be, it would 

1106
01:20:45,200 --> 01:20:50,300
be the right. 
It would be the free market in 

1107
01:20:50,300 --> 01:20:52,400
America. 
They are social Democrats, right

1108
01:20:52,400 --> 01:20:56,000
worth in liberals, in Europe. 
Still the most free market 

1109
01:20:56,000 --> 01:21:00,800
oriented people. 
So, but you see it as a 

1110
01:21:00,800 --> 01:21:04,000
franchise was expanded. 
Socialists horses, became 

1111
01:21:04,000 --> 01:21:08,300
stronger, and stronger, and 
stronger, and classical liberal 

1112
01:21:08,300 --> 01:21:10,400
forces. 
That is also just wanted to have

1113
01:21:10,400 --> 01:21:14,400
minimal minimal government. 
The government dedicated to know

1114
01:21:14,400 --> 01:21:19,200
more than the night Watchman to 
just make sure that nobody beats

1115
01:21:19,200 --> 01:21:23,600
you and the steals from you. 
Those people declined in 

1116
01:21:23,600 --> 01:21:26,900
importance. 
Because the masses were 

1117
01:21:26,900 --> 01:21:31,600
attracted by by the Socialist 
Promises of making them Rich by 

1118
01:21:31,600 --> 01:21:36,200
ripping off people who are in 
better shape than they 

1119
01:21:36,200 --> 01:21:39,400
themselves, are not recognizing 
that in the long run. 

1120
01:21:39,400 --> 01:21:43,800
Of course, you harm yourself the
most by it because the more 

1121
01:21:43,800 --> 01:21:46,400
which people there are the 
better off. 

1122
01:21:46,400 --> 01:21:49,000
We are also the poor people in 
those countries. 

1123
01:21:50,400 --> 01:21:52,900
Most people have no idea how I'm
that. 

1124
01:21:52,900 --> 01:21:56,100
How desperate conditions. 
Will people in other countries 

1125
01:21:56,100 --> 01:22:00,000
have to live? 
The question is how easy it is 

1126
01:22:00,000 --> 01:22:08,500
to get the people live in a 
society where there's 1% own 95%

1127
01:22:08,500 --> 01:22:12,200
of all the property. 
It's not because that 1% is so 

1128
01:22:12,200 --> 01:22:14,800
much smarter and more talented 
than everybody else. 

1129
01:22:14,800 --> 01:22:19,200
It's because their themes to 
know those sorts of things are 

1130
01:22:19,200 --> 01:22:21,500
never as a result of Market 
competition. 

1131
01:22:21,800 --> 01:22:27,700
Note that there is There's no 
one who is set that talented and

1132
01:22:27,700 --> 01:22:32,600
at least and also these these 
talents do not continue to exist

1133
01:22:32,600 --> 01:22:35,200
from generation to the Next 
Generation to the Next 

1134
01:22:35,200 --> 01:22:38,900
Generation. 
So the even if some people 

1135
01:22:38,900 --> 01:22:41,900
accumulate great fortunes very 
frequently. 

1136
01:22:41,900 --> 01:22:45,600
They are also quickly dissipated
again in the following 

1137
01:22:45,600 --> 01:22:50,900
Generations because they draw a 
Playboy's of the father. 

1138
01:22:50,900 --> 01:22:54,200
Father was a successful 
entrepreneur. 

1139
01:22:55,000 --> 01:23:00,800
This conservative attitudes and 
the sun became liberal Playboy's

1140
01:23:00,800 --> 01:23:05,400
and waste money away. 
It's the state, then that allows

1141
01:23:05,400 --> 01:23:08,800
the 1% to continually control so
much of the wealth. 

1142
01:23:09,200 --> 01:23:13,300
It's not the result of what they
call economies of scale. 

1143
01:23:13,300 --> 01:23:15,900
And that kind of thing. 
We're to inaudible remark 

1144
01:23:15,900 --> 01:23:20,000
extent. 
Remember I recall, I mentioned 

1145
01:23:20,000 --> 01:23:25,400
that before that many large 
corporations bows, their 

1146
01:23:25,400 --> 01:23:36,700
existence to legal protection by
the Eight just recall the case 

1147
01:23:36,700 --> 01:23:40,600
of Chrysler, which was a number 
of years ago, on the verge of 

1148
01:23:41,000 --> 01:23:43,900
bankruptcy. 
Why didn't it go bankrupt? 

1149
01:23:44,300 --> 01:23:50,400
Because it was considered to be 
too big to fail and was kept 

1150
01:23:50,400 --> 01:23:53,400
artificially in existence. 
Otherwise, it would have broken 

1151
01:23:53,400 --> 01:23:57,900
up into most likely to smaller, 
smaller components. 

1152
01:23:58,200 --> 01:24:01,900
The same thing does not happen. 
However, to a mom and pop store.

1153
01:24:03,700 --> 01:24:06,700
The disabled, if a mom and pop 
store goes out of business. 

1154
01:24:07,700 --> 01:24:13,200
Nobody will intervene on their 
behalf, most likely because they

1155
01:24:13,200 --> 01:24:17,400
have no lobbyists in Washington,
that that can wine and dine 

1156
01:24:17,400 --> 01:24:21,700
these members on the roles of 
Congress and make these 

1157
01:24:21,700 --> 01:24:26,600
decisions. 
Okay, so, If the state was 

1158
01:24:26,600 --> 01:24:29,900
abolished the left believes 
that, everything will be great. 

1159
01:24:30,000 --> 01:24:32,300
Right? 
The Communists think that once 

1160
01:24:32,300 --> 01:24:34,900
the state is abolished. 
Then the whole world will be a 

1161
01:24:34,900 --> 01:24:36,800
wonderful Brotherhood of 
mankind. 

1162
01:24:37,000 --> 01:24:39,800
And yeah you tend to think that 
when the state is abolished 

1163
01:24:39,800 --> 01:24:42,800
everything will work out. 
All right to but in different 

1164
01:24:42,800 --> 01:24:44,700
ways. 
So and if anyone can explain 

1165
01:24:44,700 --> 01:24:46,100
what you mean and what you 
think? 

1166
01:24:46,100 --> 01:24:48,500
They mean, and the differences 
between the two, I mean you have

1167
01:24:48,500 --> 01:24:54,300
to, As Long As mankind is what 
it is to have to reckon with the

1168
01:24:54,300 --> 01:24:59,700
existence of Murderers and 
rapists, and bullies and and 

1169
01:24:59,700 --> 01:25:03,900
frauds and and evil people. 
In general. 

1170
01:25:03,900 --> 01:25:08,000
This this is very this is part 
of part of mankind. 

1171
01:25:09,300 --> 01:25:14,700
The only thing that we are 
capable of doing things that to 

1172
01:25:14,700 --> 01:25:20,200
set up an institution that makes
life as hard as possible for 

1173
01:25:20,200 --> 01:25:24,700
these types of people. 
Not that we will eliminate them 

1174
01:25:24,700 --> 01:25:27,000
completely. 
People that we make it more 

1175
01:25:27,000 --> 01:25:29,400
difficult for them than it 
currently is. 

1176
01:25:29,400 --> 01:25:38,000
And I think the system that that
I have, in mind, if something 

1177
01:25:38,700 --> 01:25:44,200
would operate something like 
this apart, from apart, from 

1178
01:25:44,200 --> 01:25:47,300
self-defense, apart from safety,
friends. 

1179
01:25:47,900 --> 01:25:54,700
I think the most important role 
as, as peacemakers and as 

1180
01:25:54,700 --> 01:26:00,300
judges, Would be played by with 
the played by insurance 

1181
01:26:01,800 --> 01:26:08,100
companies and it is instructive 
to to compare to the feet, the 

1182
01:26:08,100 --> 01:26:12,200
operation of insurance companies
with the state to see where the 

1183
01:26:12,200 --> 01:26:19,400
advantages and lie of this 
natural natural order to be very

1184
01:26:19,400 --> 01:26:23,100
convincing here because people 
hate insurance companies. 

1185
01:26:23,500 --> 01:26:46,300
So this one 
Not everything that insurance 

1186
01:26:46,300 --> 01:26:49,100
companies would be done. 
If insurance companies would be 

1187
01:26:49,100 --> 01:26:53,900
subject to standard normal 
normal competition. 

1188
01:26:53,900 --> 01:26:57,600
It would not be subject to 
Ridiculous rules imposed by 

1189
01:26:57,600 --> 01:27:05,700
governments on them, but take 
some example, for instance, with

1190
01:27:05,700 --> 01:27:09,400
an insurance company. 
If they wanted to have a client,

1191
01:27:09,700 --> 01:27:14,300
would they be able to get away 
with saying, look, I insure you 

1192
01:27:14,300 --> 01:27:17,900
against damage to your property.
But the first thing that you 

1193
01:27:17,900 --> 01:27:24,700
have to do is hand me your 
weapons, everybody, every normal

1194
01:27:24,700 --> 01:27:26,300
person would Tell you must be 
crazy. 

1195
01:27:26,300 --> 01:27:29,500
What kind of insurance company 
is that that asked me to just 

1196
01:27:29,500 --> 01:27:32,900
hand in hand to the only tools 
that I can use for self-defense,

1197
01:27:32,900 --> 01:27:35,900
over to the insurance company, 
but this is what states 

1198
01:27:35,900 --> 01:27:38,500
typically do, right? 
And in states, in the United 

1199
01:27:38,500 --> 01:27:41,600
States, that is not quite as far
progressed, as it is in most 

1200
01:27:41,600 --> 01:27:43,900
other. 
But that is a temp of all 

1201
01:27:43,900 --> 01:27:47,600
states, to disarm the public 
entirely, which seems to be 

1202
01:27:47,900 --> 01:27:52,700
contradicting the purpose of 
providing protection. 

1203
01:27:53,200 --> 01:27:58,400
Then the next then. 
See State insurance companies 

1204
01:27:58,400 --> 01:28:04,100
would even give you a discount 
in the premium that they charge 

1205
01:28:04,100 --> 01:28:08,600
you if you can show them that 
you are armed and even more. 

1206
01:28:08,600 --> 01:28:13,600
So if you can show them that, 
you know, how to handle arms in 

1207
01:28:13,600 --> 01:28:16,700
the same way as insurance 
companies, give you a discount. 

1208
01:28:16,700 --> 01:28:22,000
If you have a vault at home, 
instead of leaving your jewelry 

1209
01:28:22,000 --> 01:28:25,000
on the kitchen, on the kitchen 
table, this mess likely them. 

1210
01:28:25,200 --> 01:28:29,200
If something happens, and that 
they have to have to pay up. 

1211
01:28:29,300 --> 01:28:34,700
Insurance companies would be 
good at preventing crimes from 

1212
01:28:34,800 --> 01:28:37,100
taking place. 
Not that they can prevent it in 

1213
01:28:37,100 --> 01:28:40,300
all cases, but they have a 
financial incentive to be good 

1214
01:28:40,300 --> 01:28:44,100
at it because whatever they 
prevent, they don't have to pay 

1215
01:28:44,100 --> 01:28:49,300
up because insurance companies 
and indemnify people for damage 

1216
01:28:49,400 --> 01:28:53,200
or states of course, never 
indemnify any so even if it is 

1217
01:28:53,200 --> 01:28:55,100
their fault that something 
happens to me. 

1218
01:28:55,300 --> 01:28:58,300
Don't say I'm sorry. 
And know, I will compensate you 

1219
01:28:58,300 --> 01:29:01,600
for my mistake. 
Insurance companies do this. 

1220
01:29:03,500 --> 01:29:07,300
So, whatever they can prevent. 
They don't have to pay. 

1221
01:29:07,300 --> 01:29:10,800
The state has no such incentive.
If it doesn't prevent. 

1222
01:29:10,800 --> 01:29:15,000
It doesn't have to pay. 
So preventing his means walk. 

1223
01:29:15,000 --> 01:29:17,600
I don't do it. 
The next thing is what people 

1224
01:29:17,600 --> 01:29:20,900
want this, if something has 
happened that I get my stuff 

1225
01:29:20,900 --> 01:29:25,500
back, dilute the stolen goods. 
Insurance companies have Good at

1226
01:29:25,500 --> 01:29:27,200
that, too. 
They have an incentive. 

1227
01:29:27,200 --> 01:29:30,300
Forget you sit what they find. 
They don't have to replace. 

1228
01:29:30,300 --> 01:29:34,800
They don't have to pay for it. 
If you have any experience with 

1229
01:29:34,800 --> 01:29:37,500
the local police, the local 
police doesn't even searched 

1230
01:29:37,500 --> 01:29:42,200
after F stereos and cars and 
things like that when they are 

1231
01:29:43,200 --> 01:29:46,700
when they are stolen. 
And again, they have no 

1232
01:29:46,700 --> 01:29:49,100
incentive whatsoever. 
Their salaries entirely 

1233
01:29:49,100 --> 01:29:54,800
independent of success or not 
success in this, in this area. 

1234
01:29:54,900 --> 01:29:59,900
And then The worst is that 
people want the criminals to be 

1235
01:29:59,900 --> 01:30:04,100
apprehended and punished an 
insurance company. 

1236
01:30:04,100 --> 01:30:06,800
Again, would have an incentive 
to find these people because it 

1237
01:30:06,800 --> 01:30:11,500
could then Force the criminals 
to compensate the victims. 

1238
01:30:11,700 --> 01:30:17,200
Instead of the insurance company
has to have to compensate having

1239
01:30:17,200 --> 01:30:18,900
to compensate the victims. 
First cut. 

1240
01:30:19,200 --> 01:30:21,400
The current system is, of 
course, perverse. 

1241
01:30:23,100 --> 01:30:26,400
So if they catch is the 
Government police catches these 

1242
01:30:26,400 --> 01:30:30,500
people at all, and they are only
successful in capital kind crime

1243
01:30:30,500 --> 01:30:36,000
cases in all others. 
The rate of discovery for are 

1244
01:30:36,000 --> 01:30:38,600
no. 
But if they, if they get these 

1245
01:30:38,600 --> 01:30:43,000
people, what happens to them if 
they are incarcerated, is the 

1246
01:30:43,000 --> 01:30:46,800
victim than compensated by by 
the criminology at us know. 

1247
01:30:46,800 --> 01:30:49,300
As a matter of fact, the victims
and have to pay for the 

1248
01:30:49,300 --> 01:30:53,300
incarceration of the common law 
so that he can play table tennis

1249
01:30:53,300 --> 01:30:59,500
there and eat you sleep. 
And study law and walk out for 

1250
01:30:59,500 --> 01:31:00,500
that. 
He gets stronger. 

1251
01:31:00,500 --> 01:31:04,600
Once he gets out of prison and 
all of that at the expense of 

1252
01:31:06,300 --> 01:31:09,700
the victims. 
So you can see that the entire 

1253
01:31:09,700 --> 01:31:12,600
these different entirely 
different population, from what 

1254
01:31:12,600 --> 01:31:15,700
we currently see. 
You don't you don't think 

1255
01:31:15,700 --> 01:31:18,800
there'll be private prisons and 
people making a lot of money off

1256
01:31:18,800 --> 01:31:22,800
of holding people in cages. 
I wonder not the at the bottom 

1257
01:31:22,800 --> 01:31:24,200
line. 
Who's going to protect the 

1258
01:31:24,200 --> 01:31:26,900
rights of the accused. 
You know what I mean? 

1259
01:31:27,300 --> 01:31:31,100
That's supposedly and I'm not 
saying now that the, that the 

1260
01:31:31,100 --> 01:31:34,200
government is doing a good job 
of it, but if somebody says, 

1261
01:31:34,200 --> 01:31:36,000
hey, that's the guy who did 
something to me. 

1262
01:31:36,700 --> 01:31:40,300
I still want my Bill of Rights 
to make sure that I have plenty 

1263
01:31:40,300 --> 01:31:43,000
of opportunity, to cross-examine
the witnesses against me and 

1264
01:31:43,000 --> 01:31:44,600
everything before they lock me 
in a cage. 

1265
01:31:44,700 --> 01:31:48,600
YouTuber make me pay or do 
anything else you have, you 

1266
01:31:48,600 --> 01:31:50,600
would have courts in the same 
way. 

1267
01:31:50,800 --> 01:31:54,900
The again, the insurance 
insurance companies, you can you

1268
01:31:54,900 --> 01:31:58,400
can imagine enough to see how 
they would be in these in these 

1269
01:31:58,400 --> 01:32:03,700
situations. 
Look you have there are 

1270
01:32:03,700 --> 01:32:08,500
basically three scenarios you 
and I are insured with the same 

1271
01:32:08,500 --> 01:32:13,100
company. 
We both know that we could have 

1272
01:32:13,100 --> 01:32:15,800
a conflict with each other. 
We both Both expect from our 

1273
01:32:15,800 --> 01:32:18,900
insurance company that they have
both Provisions. 

1274
01:32:18,900 --> 01:32:21,400
What they will do in case that 
you. 

1275
01:32:21,400 --> 01:32:26,400
And I have a conflict with each 
other and then when we do, they 

1276
01:32:26,400 --> 01:32:29,300
follow their own rules, they 
follow the rules that we have 

1277
01:32:29,300 --> 01:32:34,500
agreed to and adjustment will be
will be past. 

1278
01:32:36,700 --> 01:32:41,000
The other case is you are 
insured, with one company, 

1279
01:32:41,000 --> 01:32:45,400
uninsured with another again. 
We both know that cases like Can

1280
01:32:45,400 --> 01:32:48,200
occur. 
We both expect our insurance 

1281
01:32:48,200 --> 01:32:52,200
company to have Provisions. 
For this case in its contract, 

1282
01:32:53,500 --> 01:32:57,900
if the insurance companies come 
to the same agreement that if 

1283
01:32:58,000 --> 01:33:01,700
you are guilty, William 
guilties, and then the verdict 

1284
01:33:01,700 --> 01:33:06,400
is and forced just like it is 
just like it is now. 

1285
01:33:06,700 --> 01:33:10,800
And then we come to the most 
interesting case that is you are

1286
01:33:10,800 --> 01:33:13,000
insured with one. 
I'm insured with the other and I

1287
01:33:13,008 --> 01:33:16,000
want insurance companies. 
Do come to disagree in. 

1288
01:33:16,400 --> 01:33:22,900
Disagreements, my says, I'm 
right and you're says, you are 

1289
01:33:22,900 --> 01:33:25,400
right now. 
Would they shoot it out? 

1290
01:33:25,400 --> 01:33:26,800
In this case? 
He has a seems to be. 

1291
01:33:26,900 --> 01:33:28,500
Of course. 
They will not shoot it out 

1292
01:33:28,500 --> 01:33:31,100
because shooting it out is 
extremely expensive. 

1293
01:33:31,100 --> 01:33:33,700
Insurance companies are by 
nature of defensive 

1294
01:33:34,300 --> 01:33:35,900
organizations. 
What would they do? 

1295
01:33:35,900 --> 01:33:37,500
Instead? 
They would just resort to 

1296
01:33:37,900 --> 01:33:41,800
Independent, third-party 
arbitration, but the emphasis is

1297
01:33:41,800 --> 01:33:45,900
on Independent. 
If the arbitrator can Be anybody

1298
01:33:45,900 --> 01:33:49,600
who is a member of insurance of 
your insurance company, you are 

1299
01:33:49,600 --> 01:33:51,200
a member of my insurance 
company. 

1300
01:33:51,200 --> 01:33:53,200
You realize that currently, of 
course. 

1301
01:33:53,200 --> 01:33:57,400
Any arbitration is precisely 
again a member of the same 

1302
01:33:57,400 --> 01:34:02,000
organization to which already 
the first judge belongs for this

1303
01:34:02,000 --> 01:34:05,000
would be very different. 
The arbitrator would also not 

1304
01:34:05,000 --> 01:34:09,900
know whether he will be chosen 
again in the future and he will 

1305
01:34:09,900 --> 01:34:13,900
have an incentive to come up 
with a verdict that is 

1306
01:34:13,900 --> 01:34:16,000
considered to be. 
To be by both insurance 

1307
01:34:16,000 --> 01:34:19,300
companies as fair and just 
verdict. 

1308
01:34:19,300 --> 01:34:23,300
And also by implication, by the 
members of both insurance 

1309
01:34:23,300 --> 01:34:28,700
companies as fair and good 
verdict because otherwise, one 

1310
01:34:28,700 --> 01:34:32,000
or both insurance companies 
would lose clients. 

1311
01:34:32,500 --> 01:34:35,600
And if that were the case, they 
would no longer choose these 

1312
01:34:35,600 --> 01:34:40,300
types of arbitrators in, in 
future, in future cases. 

1313
01:34:40,700 --> 01:34:43,300
So, I say you would have a very 
nice. 

1314
01:34:45,000 --> 01:34:50,000
Arbitration procedure set up in 
some regards similar to what you

1315
01:34:50,000 --> 01:34:55,000
have in some regards, clearly 
Superior and we can see that 

1316
01:34:55,000 --> 01:34:59,400
such a thing actually exists 
already in the world because if 

1317
01:34:59,400 --> 01:35:03,100
you look at the relationships 
that say, the dean a German 

1318
01:35:03,100 --> 01:35:08,300
businessman, and an American 
businessman, do you think that 

1319
01:35:08,300 --> 01:35:10,900
the relationship between a 
German businessman and American 

1320
01:35:10,900 --> 01:35:14,300
businessmen are in principle 
list. 

1321
01:35:14,300 --> 01:35:18,600
Peace? 
Or more conflicts within the 

1322
01:35:18,600 --> 01:35:21,300
relationship between two 
American businessmen. 

1323
01:35:22,100 --> 01:35:25,200
I doubt that. 
I think they have hired large, 

1324
01:35:25,300 --> 01:35:32,400
equally peaceful, and equally 
conflict load, but there is no 

1325
01:35:32,400 --> 01:35:34,300
overarching government in both 
cases. 

1326
01:35:34,300 --> 01:35:37,100
What do they do? 
So the German goes to his German

1327
01:35:37,100 --> 01:35:42,400
Court, the American goes to the 
American court and then either 

1328
01:35:42,700 --> 01:35:47,500
either of the courts agree. 
He and, and force that whatever 

1329
01:35:47,500 --> 01:35:51,500
they agree upon or they don't 
agree, then they go to 

1330
01:35:51,500 --> 01:35:54,900
arbitration and then the enforce
what the arbitration does. 

1331
01:35:55,400 --> 01:36:02,400
So, in on the internet under 
International level, well by 

1332
01:36:02,400 --> 01:36:05,900
definition, so to speak, we live
in a state of Anarchy because 

1333
01:36:05,900 --> 01:36:09,800
there's no overarching world 
government on the international 

1334
01:36:09,800 --> 01:36:11,900
level. 
We actually do with this type of

1335
01:36:11,900 --> 01:36:17,700
arbitration already accepted. 
It is done by, State court that 

1336
01:36:17,700 --> 01:36:22,400
that I'm proposing can be done 
internally in each in each 

1337
01:36:22,400 --> 01:36:23,800
Society. 
Also. 

1338
01:36:25,000 --> 01:36:27,600
Well, what if the two insurance 
companies? 

1339
01:36:27,600 --> 01:36:31,900
Agree that I'm responsible but I
disagree. 

1340
01:36:32,400 --> 01:36:36,800
And you know, there's there's 
cronyism, you know, a lot of you

1341
01:36:36,800 --> 01:36:39,600
hear the phrase, It's all about 
who you know, not what you know,

1342
01:36:39,900 --> 01:36:43,200
and that kind of thing. 
And you know, you can have two 

1343
01:36:43,200 --> 01:36:45,800
guys who are good friends. 
Who work at different insurance 

1344
01:36:45,800 --> 01:36:47,400
companies. 
That agree that they're just 

1345
01:36:47,400 --> 01:36:50,200
going to go ahead and find me 
guilty and transfer this man 

1346
01:36:50,200 --> 01:36:54,300
from here, but the question that
you have to ask yourself in 

1347
01:36:54,300 --> 01:36:59,400
this, It's just only could could
this not also happen under the 

1348
01:36:59,400 --> 01:37:01,700
current circumstances. 
Well, it surely does. 

1349
01:37:01,700 --> 01:37:06,200
I mean it truly does, right? 
And the question is only, is it 

1350
01:37:06,400 --> 01:37:09,500
more likely under the current 
circumstances or less? 

1351
01:37:09,500 --> 01:37:12,100
Like, and I think it is more 
like the another current 

1352
01:37:12,100 --> 01:37:14,800
circumstance. 
Again, he's always been this 

1353
01:37:14,800 --> 01:37:18,900
page, some hard to believe that 
that for every problem. 

1354
01:37:18,900 --> 01:37:22,900
We can we can develop a perfect 
solution. 

1355
01:37:24,800 --> 01:37:28,900
But our goal has to have to be 
as only to deal with this 

1356
01:37:28,900 --> 01:37:33,400
problem of evil bad people in 
the most efficient way. 

1357
01:37:33,400 --> 01:37:37,800
Without without being able to 
exclude that, these things can 

1358
01:37:37,900 --> 01:37:42,500
happen all together. 
And I think these competitive 

1359
01:37:42,800 --> 01:37:45,900
insurance, companies were people
can if they are dissatisfied. 

1360
01:37:46,100 --> 01:37:50,400
Leave one and two inch with 
ourselves with another are 

1361
01:37:50,400 --> 01:37:53,500
better. 
Guarantee that these cases that 

1362
01:37:53,500 --> 01:37:58,800
you For the head in mind fear 
that they do not occurs in then 

1363
01:37:58,800 --> 01:38:03,900
under the current circumstances.
I mean, this is that it's a 

1364
01:38:03,900 --> 01:38:09,600
general experience that I make 
when I talk about these things 

1365
01:38:09,600 --> 01:38:15,400
with with people that they 
realize that there can be still 

1366
01:38:15,400 --> 01:38:18,700
some problems arising under 
these Arrangements. 

1367
01:38:19,000 --> 01:38:25,200
Yes, that can be are the 
problems more likely, less 

1368
01:38:25,200 --> 01:38:29,000
frequent and less severe than 
they are under other 

1369
01:38:29,000 --> 01:38:33,300
circumstances, or are they more 
likely and Through the years and

1370
01:38:33,300 --> 01:38:37,800
under other circumstances. 
That is the only question that 

1371
01:38:38,300 --> 01:38:41,600
that we can address. 
And I think they, as he seems to

1372
01:38:41,600 --> 01:38:45,900
be honest. 
And in favor of having more 

1373
01:38:45,900 --> 01:38:50,500
competition, having people pay 
voluntarily to insurance 

1374
01:38:50,500 --> 01:38:53,000
companies being able to withdraw
from them. 

1375
01:38:54,600 --> 01:38:58,000
Well, what do you expect? 
If you must must remain with one

1376
01:38:58,000 --> 01:39:03,400
frog, As we must know, right? 
We there's only one company that

1377
01:39:03,700 --> 01:39:07,900
the chest, it will do all 
protection if you must stay with

1378
01:39:07,900 --> 01:39:11,700
it and you must pay to it, but 
are you aren't satisfied or not.

1379
01:39:12,100 --> 01:39:16,000
Do you think that this firm will
do more Mischief than if you 

1380
01:39:16,000 --> 01:39:19,800
could simply withdraw from the 
front, of course, you think they

1381
01:39:19,800 --> 01:39:23,200
can do more Mischief, right? 
You cannot withdraw from them? 

1382
01:39:24,000 --> 01:39:28,100
Okay, so you've made very 
compelling arguments against the

1383
01:39:28,100 --> 01:39:31,700
role of the state. 
As protector of the people from 

1384
01:39:31,700 --> 01:39:36,000
foreign enemies and against the 
state, as the Arbiter in matters

1385
01:39:36,000 --> 01:39:42,400
of Criminal Justice or lawsuits.
Those are the two basic most 

1386
01:39:42,400 --> 01:39:45,400
bottom-line functions of the 
American government. 

1387
01:39:45,800 --> 01:39:50,600
And if you just really 
completely destroyed them both 

1388
01:39:51,200 --> 01:39:55,000
pretty much seems like. 
So all that being the case. 

1389
01:39:55,300 --> 01:39:59,200
I have to admit that I'm 
confused about your take on 

1390
01:39:59,200 --> 01:40:01,200
immigration. 
I guess I don't mean to 

1391
01:40:01,200 --> 01:40:05,100
oversimplify but I suppose 
Libertarians basically split 

1392
01:40:05,100 --> 01:40:08,800
into two camps one which takes 
the more conservative clothes. 

1393
01:40:09,000 --> 01:40:12,600
Borders, point of view, and the 
other that says, hey, 

1394
01:40:12,600 --> 01:40:15,500
everybody's an individual and 
there's a free Society. 

1395
01:40:15,500 --> 01:40:20,700
We ought to have completely open
borders and I wish I had a 

1396
01:40:20,700 --> 01:40:24,100
better understanding of your 
reasons for being closed, 

1397
01:40:24,300 --> 01:40:26,800
closed, borders. 
And ARCA said, I'm not sure. 

1398
01:40:26,800 --> 01:40:31,700
Yeah, I think the basic ideas is
again, very simple. 

1399
01:40:31,700 --> 01:40:37,800
Just imagine we have a society 
and natural order in which every

1400
01:40:38,500 --> 01:40:41,000
every Every resource is 
privately owned. 

1401
01:40:41,500 --> 01:40:45,900
So the private streets private 
schools, private private parts, 

1402
01:40:45,900 --> 01:40:49,100
private buildings, private 
Rivers, private Lakes. 

1403
01:40:49,100 --> 01:40:52,800
There's nothing that is publicly
of everything is privately up. 

1404
01:40:55,400 --> 01:40:59,400
Now, what in such a society 
would there exists something 

1405
01:40:59,400 --> 01:41:03,200
like our right for people to 
immigrate? 

1406
01:41:05,700 --> 01:41:10,100
When the answer seems to be no, 
of course not because every 

1407
01:41:10,100 --> 01:41:14,000
private property owner. 
Has of course the right to 

1408
01:41:14,500 --> 01:41:19,600
include or to exclude. 
I can let you on my property or 

1409
01:41:19,600 --> 01:41:22,300
I can expel you from my 
property. 

1410
01:41:22,300 --> 01:41:27,900
That is those are the two, the 
two most important rights that 

1411
01:41:27,900 --> 01:41:31,000
people have with regard, to 
their property, to invite people

1412
01:41:31,000 --> 01:41:35,500
onto it, and to expel them. 
From it. 

1413
01:41:35,900 --> 01:41:39,200
So whatever isn't it. 
Also a natural property, right? 

1414
01:41:39,200 --> 01:41:43,600
Of a human being to travel 
wherever he wants in his own 

1415
01:41:43,600 --> 01:41:46,200
room. 
But if somebody just says, I 

1416
01:41:46,208 --> 01:41:49,900
want to travel right through 
your living room right now, but 

1417
01:41:49,900 --> 01:41:52,700
would you say through my living 
room? 

1418
01:41:52,700 --> 01:42:05,500
There's only one door to mine. 
No, right to trespass. 

1419
01:42:06,900 --> 01:42:09,600
There are many places right now 
that you cannot go to. 

1420
01:42:09,600 --> 01:42:12,800
I mean, wouldn't somebody be a 
prisoner in the middle of 

1421
01:42:12,800 --> 01:42:16,500
Central Texas and not be able to
get to Washington State? 

1422
01:42:16,500 --> 01:42:19,500
If there's, we are normal, what 
normally you would have. 

1423
01:42:21,100 --> 01:42:24,100
First of all, the exists, of 
course, many people who have an 

1424
01:42:24,100 --> 01:42:27,900
interest in providing access to 
their property. 

1425
01:42:27,900 --> 01:42:32,100
Imagine you are old owner. 
Doesn't roll tone, of course has

1426
01:42:32,100 --> 01:42:35,100
an interest in in having people 
on the road. 

1427
01:42:37,200 --> 01:42:40,000
Imagine you are have your the 
owner of the shopping center. 

1428
01:42:40,400 --> 01:42:42,800
You have to interest if people 
come to the shopping center. 

1429
01:42:43,200 --> 01:42:47,000
So they exist both both 
Tendencies among men. 

1430
01:42:47,000 --> 01:42:50,700
You have once you want to 
attract people to come to your 

1431
01:42:50,700 --> 01:42:53,700
things. 
Mostly if you if you are engaged

1432
01:42:53,700 --> 01:42:59,200
in commercial sings and on the 
other end, you also have desires

1433
01:42:59,200 --> 01:43:03,300
in tendencies. 
To distance yourself from others

1434
01:43:03,300 --> 01:43:07,300
and to, exclude others, from 
your property, which you do more

1435
01:43:07,300 --> 01:43:13,300
in your, your your residential 
residential property than 

1436
01:43:13,800 --> 01:43:18,200
commercial property. 
Obviously, both both things are 

1437
01:43:18,200 --> 01:43:21,000
possible. 
What I'm what I'm only 

1438
01:43:21,000 --> 01:43:25,700
advocating is. 
People must recognize again that

1439
01:43:25,700 --> 01:43:30,000
the private property implies 
also the right to discriminate. 

1440
01:43:30,100 --> 01:43:33,600
Terminate at will and I don't 
have to give any justification 

1441
01:43:33,600 --> 01:43:37,400
for that whatsoever. 
And we live in a world where we 

1442
01:43:37,400 --> 01:43:41,100
are permanently outlawed from 
engaging in any type of 

1443
01:43:41,100 --> 01:43:45,600
discrimination. 
That is we cannot say I will not

1444
01:43:45,600 --> 01:43:49,300
take you because you are German 
or because you are not married. 

1445
01:43:49,300 --> 01:43:52,400
Well, because you're homosexual 
your, because this, or that? 

1446
01:43:52,400 --> 01:43:56,800
Or is that even though a private
property owner, should have the 

1447
01:43:56,800 --> 01:44:00,000
right to say that, he must have 
caused also pay the price that 

1448
01:44:00,700 --> 01:44:05,300
With these types of 
discrimination, but all of these

1449
01:44:05,300 --> 01:44:08,200
affirmative action and 
non-discrimination laws, what 

1450
01:44:08,200 --> 01:44:12,900
they have done is forcing people
to live together and to accept 

1451
01:44:12,900 --> 01:44:18,700
as employees or students or, as 
a present apprentices people 

1452
01:44:18,700 --> 01:44:22,000
that they normally would not 
want to like to associate with, 

1453
01:44:22,000 --> 01:44:25,000
and this is not very healthy 
situation. 

1454
01:44:26,800 --> 01:44:30,800
Although I people would argue 
that it actually, We increase 

1455
01:44:30,800 --> 01:44:34,700
the health of the situation 
quite a bit because before there

1456
01:44:34,700 --> 01:44:38,500
was especially in the South and 
the United States, systematic 

1457
01:44:38,500 --> 01:44:42,800
discrimination against anybody 
just for having brown skin, and 

1458
01:44:43,000 --> 01:44:46,900
that nowadays people aren't 
nearly as bigoted as they were 

1459
01:44:47,100 --> 01:44:50,900
because not since they were 
forced to allow blacks to come 

1460
01:44:50,900 --> 01:44:53,800
and sit at the lunch counter. 
They realized that this guy is 

1461
01:44:53,800 --> 01:44:58,000
just some guy just like that. 
Yeah, but you see at that time, 

1462
01:44:58,000 --> 01:45:03,100
the state had lost that unit. 
We prescribed, what sort of 

1463
01:45:03,100 --> 01:45:05,700
discrimination people had to 
engage in. 

1464
01:45:07,900 --> 01:45:11,300
This is, of course, not the type
of discrimination that I have 

1465
01:45:11,300 --> 01:45:13,200
that. 
I have in mind each private 

1466
01:45:13,200 --> 01:45:16,100
property owner determines how to
discriminate and not to 

1467
01:45:16,100 --> 01:45:18,900
discriminate with respect to his
private property. 

1468
01:45:19,100 --> 01:45:22,900
There is nobody who says, all 
private property owners must do 

1469
01:45:22,900 --> 01:45:25,600
that must discriminate in such 
and such a way. 

1470
01:45:25,600 --> 01:45:28,500
But this is the purpose of form 
of state laws, right? 

1471
01:45:28,500 --> 01:45:29,900
They cover. 
So to speak you. 

1472
01:45:30,000 --> 01:45:34,600
You and me, and my neighbor and 
your neighbor and all of us now 

1473
01:45:34,600 --> 01:45:38,300
have to discriminate one. 
This not discriminate in the in 

1474
01:45:38,300 --> 01:45:40,400
the way that the state tells us 
to do. 

1475
01:45:40,800 --> 01:45:44,700
This is this is not the type of 
system that I would Advocate. 

1476
01:45:44,700 --> 01:45:47,700
I would Advocate the system you 
on your territory. 

1477
01:45:47,700 --> 01:45:49,900
You can discriminate in any way 
you want. 

1478
01:45:50,000 --> 01:45:53,700
I on my territory, can 
discriminate in any way I want. 

1479
01:45:53,800 --> 01:45:59,200
And, and this, and this will be 
by and large promoting peaceful 

1480
01:45:59,300 --> 01:46:00,900
peaceful. 
Some scripts. 

1481
01:46:01,600 --> 01:46:06,200
Because if you force people to 
be together or force people to 

1482
01:46:06,200 --> 01:46:08,900
be separated from each other, 
who would like to be two 

1483
01:46:09,200 --> 01:46:13,500
together in both cases, you will
create some sort of conflict but

1484
01:46:13,500 --> 01:46:16,500
we had these cases. 
The busing cases where we've 

1485
01:46:16,900 --> 01:46:20,000
lost a black kids into 
predominantly white 

1486
01:46:20,000 --> 01:46:22,600
neighborhoods, or vice or vice 
versa. 

1487
01:46:23,900 --> 01:46:26,700
Most of the people that I have 
talked talked to about these 

1488
01:46:26,700 --> 01:46:28,500
problems, whether it's black or 
white. 

1489
01:46:28,500 --> 01:46:32,000
They all thought that does allow
the Reprogram, it did not 

1490
01:46:32,000 --> 01:46:38,100
promote better relationships 
between these these groups 

1491
01:46:40,200 --> 01:46:42,800
actually because they felt it 
was forced upon them until 

1492
01:46:43,000 --> 01:46:45,700
probably created even even more 
tension. 

1493
01:46:45,900 --> 01:46:48,600
It did not allow that 
friendships could be built 

1494
01:46:48,600 --> 01:46:52,000
because the people just simply 
live too far from each other and

1495
01:46:52,000 --> 01:46:56,300
you just and you can to meet and
hang out more with people that 

1496
01:46:56,300 --> 01:46:59,900
are in your immediate 
neighborhood made made me. 

1497
01:47:00,100 --> 01:47:02,200
In friendship even more 
difficult. 

1498
01:47:02,800 --> 01:47:07,100
So I don't think any of these 
programs because what they're 

1499
01:47:07,100 --> 01:47:12,100
made for Success becoming see. 
Also say that the problems were 

1500
01:47:12,100 --> 01:47:15,700
really the government's fault in
the first place to what else. 

1501
01:47:16,300 --> 01:47:19,000
It wasn't so much. 
The attitude was the attitude of

1502
01:47:19,000 --> 01:47:23,000
the people but it was the state 
law that encoded it made it. 

1503
01:47:23,100 --> 01:47:23,700
Yes. 
Yes. 

1504
01:47:23,700 --> 01:47:24,800
Yes. 
Yes, of course. 

1505
01:47:25,300 --> 01:47:29,300
And this would, of course not 
exist in the, in natural order, 

1506
01:47:29,300 --> 01:47:33,000
the way I describe it. 
You would have plenty of 

1507
01:47:33,000 --> 01:47:36,100
discrimination, but would be 
very different types of 

1508
01:47:36,100 --> 01:47:41,400
discrimination at very different
types of of places. 

1509
01:47:41,800 --> 01:47:46,200
But the general, the general 
idea, when it comes to 

1510
01:47:46,200 --> 01:47:51,400
immigration, come back to this, 
to this subject has to be. 

1511
01:47:52,600 --> 01:47:57,200
We would want to have people to 
come to the United States that 

1512
01:47:57,200 --> 01:48:04,000
are first invited by some. 
And that is in many, many cases,

1513
01:48:04,000 --> 01:48:07,300
of course not the case at all. 
They are not invited by anyone, 

1514
01:48:07,300 --> 01:48:10,400
by by any stretch of the 
imagination. 

1515
01:48:12,300 --> 01:48:19,200
And we would want to have people
come to a place that by their 

1516
01:48:19,200 --> 01:48:23,600
very presence. 
So, to speak, enhance the value 

1517
01:48:23,600 --> 01:48:27,500
of the village, or town was 
country or whatever. 

1518
01:48:27,500 --> 01:48:30,600
It is. 
We would not want to have have 

1519
01:48:31,700 --> 01:48:38,600
bums from the third world coming
here who lower the value of the 

1520
01:48:38,600 --> 01:48:41,900
property of those who are 
already here. 

1521
01:48:42,700 --> 01:48:48,600
And I think the United States in
recent years have adopted so to 

1522
01:48:48,600 --> 01:48:53,000
speak and affirmative action. 
Immigration policy were they 

1523
01:48:53,000 --> 01:48:59,400
have increasingly given up the 
idea of of looking for people 

1524
01:48:59,400 --> 01:49:07,000
who are Assimilable, who want to
become American and, and who 

1525
01:49:07,300 --> 01:49:13,100
goes and whose presence is good 
for for the country, enhances 

1526
01:49:13,100 --> 01:49:17,500
the value of it. 
Look in the old days naturalism.

1527
01:49:17,900 --> 01:49:20,100
What about each? 
And every one of these 

1528
01:49:20,300 --> 01:49:23,800
immigrants is still just an 
individual and yeah, if you have

1529
01:49:24,300 --> 01:49:28,700
an individual, if he hasn't, he 
hasn't been beaten, but you see 

1530
01:49:28,700 --> 01:49:31,600
like individualism case. 
A small role currently either, 

1531
01:49:31,600 --> 01:49:36,000
you know, scam exposed. 
What's the in a greater interest

1532
01:49:36,000 --> 01:49:40,400
of America wasn't a better 
betterment of society. 

1533
01:49:40,400 --> 01:49:44,500
And and I don't see how anyone 
is supposed to be able to judge 

1534
01:49:44,500 --> 01:49:47,100
that, you know, you never know 
the guy. 

1535
01:49:47,100 --> 01:49:50,600
The illegal immigrant who comes 
to pick strawberries might be 

1536
01:49:50,600 --> 01:49:53,700
the guy who invents the new 
unified field Theory, or 

1537
01:49:53,700 --> 01:49:57,300
something someday or his son 
might, or who knows what is 

1538
01:49:57,300 --> 01:49:58,900
going to be the betterment of 
the country? 

1539
01:50:00,400 --> 01:50:05,100
But he has to be invited by 
someone and said, many of them 

1540
01:50:05,100 --> 01:50:10,600
are not invited. 
And the other, the other ideas. 

1541
01:50:10,900 --> 01:50:13,000
Again, look what? 
What? 

1542
01:50:13,700 --> 01:50:18,100
What this country's in the past 
sometimes do with their, with 

1543
01:50:18,100 --> 01:50:22,400
their criminals. 
They 50 Cent to America and 

1544
01:50:22,400 --> 01:50:25,000
Central America. 
The symptom away, Australia, to,

1545
01:50:25,000 --> 01:50:28,700
to uninhabited territory, just 
to get, get rid of them because 

1546
01:50:28,700 --> 01:50:31,100
they thought that their own 
country would so to speak 

1547
01:50:31,100 --> 01:50:32,200
suffer. 
If they would. 

1548
01:50:32,700 --> 01:50:38,800
If they would stay there. 
It seems to be an idiotic policy

1549
01:50:39,900 --> 01:50:48,600
to get to import to import 
people of who, you know, if we 

1550
01:50:48,600 --> 01:50:51,500
can easily predict. 
That the overwhelming bulk of 

1551
01:50:51,500 --> 01:50:54,500
the population would be opposed 
to their immigration, to the 

1552
01:50:54,500 --> 01:50:59,800
United States, because they are 
people that qualify as people 

1553
01:50:59,800 --> 01:51:03,200
that that are dangerous 
individuals to be here. 

1554
01:51:06,500 --> 01:51:09,400
Well, let's see. 
I guess I'm thinking of a 

1555
01:51:09,407 --> 01:51:12,600
comparison point of view. 
Mike, bednarek who's running for

1556
01:51:12,600 --> 01:51:15,400
president or running for the 
libertarian nomination. 

1557
01:51:15,400 --> 01:51:18,400
Anyway, right now for running 
for president. 

1558
01:51:18,600 --> 01:51:22,400
He, I'm not quoting him. 
I don't remember exactly how he 

1559
01:51:22,400 --> 01:51:26,100
put it, but I think the analogy 
was something like, a giant wall

1560
01:51:26,100 --> 01:51:29,600
with a wide-open door so that, 
you know, there's a bouncer 

1561
01:51:29,600 --> 01:51:34,200
checking IDs to make sure that 
nobody is convicted felon from 

1562
01:51:34,200 --> 01:51:36,200
whatever country they're from on
the way into the country. 

1563
01:51:36,700 --> 01:51:40,300
But other than that, come on in 
that, give us your poor and 

1564
01:51:40,300 --> 01:51:44,100
you're tired and your huddled 
masses, and let them find a 

1565
01:51:44,400 --> 01:51:48,300
place to go and build the 
American dream for themselves 

1566
01:51:48,300 --> 01:51:50,700
and come on. 
And this is the land of liberty.

1567
01:51:52,600 --> 01:51:57,800
He has no welfare. 
If you know, of course, there is

1568
01:51:58,800 --> 01:52:01,800
water available to resolve. 
The problem is, our fault for 

1569
01:52:01,800 --> 01:52:05,000
being social is not their fault 
for being tired old man. 

1570
01:52:05,100 --> 01:52:09,200
That's right, but you have to 
deal of course, with the 

1571
01:52:09,200 --> 01:52:12,400
question. 
Now while the welfare state is 

1572
01:52:12,400 --> 01:52:15,000
in effect. 
You cannot just say, look, the 

1573
01:52:15,000 --> 01:52:18,600
welfare state is bad. 
While the welfare state is in 

1574
01:52:18,600 --> 01:52:20,700
effect. 
We let these people come 

1575
01:52:20,700 --> 01:52:25,000
regardless and then we hope that
the welfare state. 

1576
01:52:25,100 --> 01:52:31,400
Eventually break apart will 
collapse, but if it collapses, 

1577
01:52:32,600 --> 01:52:35,800
what is that in place? 
Then you might have such a 

1578
01:52:35,800 --> 01:52:39,600
massive amounts of such a 
massive inflow of foreign us 

1579
01:52:39,700 --> 01:52:43,500
coming into having come into the
United States that you will get 

1580
01:52:43,500 --> 01:52:46,700
Civil Wars. 
Imagines, a smaller states that 

1581
01:52:46,700 --> 01:52:49,900
say, Switzerland would say 
everybody who wants to come to 

1582
01:52:49,900 --> 01:52:54,100
Switzerland and can afford the 
fare can come to Switzerland, 

1583
01:52:54,100 --> 01:52:56,900
and he is inside. 
Told to all welfare handouts in 

1584
01:52:56,900 --> 01:52:59,400
Switzerland, the Swiss people 
are entitled to. 

1585
01:53:00,000 --> 01:53:02,400
What do you think? 
What happened to that? 

1586
01:53:02,400 --> 01:53:26,500
Be a disaster? 
Operation sweats, but even that 

1587
01:53:26,500 --> 01:53:29,100
even then you think he was 
living on the street in 

1588
01:53:29,100 --> 01:53:31,600
Switzerland. 
This is more comfortable than 

1589
01:53:31,600 --> 01:53:37,400
working 50 or 60 hours in India 
to eat out of the garbage cans 

1590
01:53:37,400 --> 01:53:39,000
is more comfortable. 
There. 

1591
01:53:40,800 --> 01:53:43,400
You would be overrun in any 
case. 

1592
01:53:44,500 --> 01:53:49,000
And and when the welfare state, 
then collapses, you will have a 

1593
01:53:49,000 --> 01:53:54,200
civil war on your hands. 
I think that it's a very unwise 

1594
01:53:55,200 --> 01:54:00,300
policy to just think that you 
create a catastrophic situation 

1595
01:54:00,600 --> 01:54:04,800
first and then all of the 
catastrophic situation like this

1596
01:54:05,500 --> 01:54:10,100
Phoenix, out of the ashes is so 
satisfying, solution will arise.

1597
01:54:10,100 --> 01:54:12,000
I don't think this is going to 
wrap. 

1598
01:54:12,300 --> 01:54:14,000
Okay. 
Well, if we could repeal the 

1599
01:54:14,000 --> 01:54:17,500
welfare state first then, would 
you be for a wide-open door? 

1600
01:54:18,100 --> 01:54:21,700
Is it, is it the fact that the 
welfare state will Up to us and 

1601
01:54:21,700 --> 01:54:23,900
Destroy America with 
immigration. 

1602
01:54:24,000 --> 01:54:29,600
Then those symptoms would be in 
favor of decentralizing the 

1603
01:54:29,600 --> 01:54:33,000
power to determine the selection
as much as possible. 

1604
01:54:33,500 --> 01:54:35,600
For instance. 
Why should it be the government 

1605
01:54:35,600 --> 01:54:38,100
that the federal government that
determines its about the 

1606
01:54:38,100 --> 01:54:40,700
immigration policy? 
Why should it not be a community

1607
01:54:40,900 --> 01:54:42,400
in Switzerland? 
For instance? 

1608
01:54:42,600 --> 01:54:47,200
It is the community where you 
want to reside that determines 

1609
01:54:47,200 --> 01:54:49,800
whether you will be accepted as 
a citizen or not. 

1610
01:54:51,100 --> 01:54:53,800
The fountain said that not sound
like a very unreasonable 

1611
01:54:53,900 --> 01:54:56,900
solution to me. 
That's where I want to live. 

1612
01:54:57,300 --> 01:55:00,100
And these people who live there 
will decide whether they want to

1613
01:55:00,108 --> 01:55:03,300
have me or dealt because they 
have already made a major 

1614
01:55:03,300 --> 01:55:07,200
investment in this place. 
And I benefit as an immigrant 

1615
01:55:07,200 --> 01:55:10,200
from the already existing 
investment. 

1616
01:55:10,500 --> 01:55:17,200
And these inhabitants might have
for Justified to claim saying 

1617
01:55:17,200 --> 01:55:21,700
that the immigrants should just 
somehow Translate compensate 

1618
01:55:21,700 --> 01:55:25,300
them for all the already 
existing Investments is at that 

1619
01:55:25,300 --> 01:55:26,600
price. 
I mean, they have a hospital. 

1620
01:55:26,600 --> 01:55:28,600
They have schools, The Immigrant
has nothing. 

1621
01:55:28,600 --> 01:55:32,900
Put nothing contributed to this.
So he puts on and for instance, 

1622
01:55:33,100 --> 01:55:37,600
that people who get permission 
to emigrate so that has a large 

1623
01:55:37,600 --> 01:55:41,000
number of form workers, but they
are not citizens. 

1624
01:55:41,300 --> 01:55:44,000
I think that dude large number 
of foreign workers in almost any

1625
01:55:44,000 --> 01:55:46,300
other country. 
You will be 20 percent or so of 

1626
01:55:46,300 --> 01:55:49,800
the labor force, but it is very 
difficult to become a citizen. 

1627
01:55:51,500 --> 01:55:55,200
And the citizens typically 
insisted somebody wants to 

1628
01:55:55,200 --> 01:55:58,300
become citizens, must be 
compared to C. 

1629
01:55:58,300 --> 01:56:02,700
Well, C must make a donation to 
The Community to compensate for 

1630
01:56:02,700 --> 01:56:06,900
the fact that the community has 
accumulated, since in the past 

1631
01:56:06,900 --> 01:56:10,200
to which the Immigrant did not 
contribute, but now he has to 

1632
01:56:10,200 --> 01:56:15,100
pay his fair share. 
So, in some, in some localities 

1633
01:56:15,100 --> 01:56:18,600
in Switzerland, you have to pay 
millions of dollars in order to 

1634
01:56:18,600 --> 01:56:22,800
just become a citizen. 
Yeah, I think that seems to be a

1635
01:56:22,800 --> 01:56:26,900
far wiser strategy to complete 
the individual communities. 

1636
01:56:26,900 --> 01:56:31,400
Determine what their admission 
standards are and then you will 

1637
01:56:31,400 --> 01:56:34,400
see for some places. 
The admission standards will be 

1638
01:56:34,400 --> 01:56:37,500
very high. 
And for some places, the 

1639
01:56:37,500 --> 01:56:45,000
admission standards will be very
low, but all I'm advocating is 

1640
01:56:45,300 --> 01:56:48,900
only people should be allowed to
have their own admission 

1641
01:56:48,900 --> 01:56:53,100
standards and they Do not have 
to be uniform in any way. 

1642
01:56:54,500 --> 01:56:58,200
Yeah, that's the funny thing 
about the idea of Liberty. 

1643
01:56:58,200 --> 01:57:01,100
It seems that it's so consistent
all the way across the board. 

1644
01:57:01,100 --> 01:57:04,100
You can apply the same principle
of individual liberty to pretty 

1645
01:57:04,100 --> 01:57:07,600
much every question. 
And it really turns out that's a

1646
01:57:07,600 --> 01:57:10,600
state of solution. 
Just doesn't measure up to the 

1647
01:57:10,600 --> 01:57:15,200
free one approved. 
I think, I think that's really 

1648
01:57:15,200 --> 01:57:19,400
just the bottom line. 
Yeah, I think we are almost done

1649
01:57:19,400 --> 01:57:26,400
with all our interview, right? 
If you have closing comments or 

1650
01:57:26,400 --> 01:57:29,700
anything you'd like to sum up to
get across to people before I 

1651
01:57:29,700 --> 01:57:33,400
let you go. 
Yeah, I love what I can sum up. 

1652
01:57:33,400 --> 01:57:37,700
This just, this is just, of 
course, the conversation that is

1653
01:57:38,200 --> 01:57:44,400
not entirely systematic. 
If it could be and many 

1654
01:57:44,400 --> 01:57:49,500
questions that have Arisen, I 
probably did not address in 

1655
01:57:49,500 --> 01:57:53,000
full, but if you want to know 
more about these things. 

1656
01:57:54,400 --> 01:58:01,000
Go to my website on for / H A 
and S H OPP e.com. 

1657
01:58:02,800 --> 01:58:08,000
You will find some reviews of my
latest two books. 

1658
01:58:08,000 --> 01:58:13,800
You can also order the books 
from from their various comments

1659
01:58:13,800 --> 01:58:22,600
on on the books and so forth and
you can if you have something 

1660
01:58:22,600 --> 01:58:25,000
good to say you can also Email 
me. 

1661
01:58:26,600 --> 01:58:28,200
Thank you. 
Great. 

1662
01:58:28,200 --> 01:58:30,100
Hey, I want to thank you very 
much for coming on. 

1663
01:58:30,100 --> 01:58:33,000
Everybody. 
Listen to an interview of Hans 

1664
01:58:33,400 --> 01:58:36,500
Hermann. 
He is Professor of Economics at 

1665
01:58:36,500 --> 01:58:40,600
UNLV senior fellow at the 
Ludwig, von mises Institute of 

1666
01:58:40,600 --> 01:58:43,500
Austrian economics. 
He's the editor of the Journal 

1667
01:58:43,500 --> 01:58:46,900
of libertarian studies. 
And he's the author of a few 

1668
01:58:46,900 --> 01:58:51,700
books, but most importantly, 
democracy, The God That Failed, 

1669
01:58:52,100 --> 01:58:55,400
and the myth. 
With of National Defense. 

1670
01:58:56,700 --> 01:58:58,900
Thank you very much for coming 
on the show today, sir. 

1671
01:58:59,200 --> 01:59:01,600
I really appreciate it. 
Thank you for having me. 

1672
01:59:02,000 --> 01:59:02,500
Goodbye.