six
and professor robbie blocks up one of my favorite economists on earth the guy who
uh... literally a decade ago maybe a little more than that malaise song where
we are right now
but rub welcome bouts several of them in fact and he's the n_t_s_b_ has been
preaching this on for a long long time and
skip must be
the bittersweet dark about trent let me just finish the interaction here and
i'll ask it i he's professor of economics at southern methodist
university internationally literally internationally best-selling author of
numerous books including greenspan's fraud andy new golden age two of my
favorites you can read all about him in his work at his website ravi batra are
avionics
batra dat or a dot com and a professor batra welcome back to our program
beckel outcome playing a game
always always an honor it must be bittersweet suzhou
have
predicted
uh... disaster and then have it happen
or activated it could be a color or purple the
who are working to that provided softer on duffy work happening there
the eighteen to twenty million american job look for
four years
can you believe that people here
it pretty terrible arpaio and uh...
but uh... maybe something good will come out of it uh... indian defence that
women
get turned off the cloning captain of the one thing for all
well and
let's let's talk about that uh... and that's the topic the united doctor bob
but much in the past it's been more kind of macroeconomics
how do you find crony capitalism
and what have been the times in america's history when we've then
basically a crony capitalist state as opposed to any you know what the
alternates regulated capitalism was a fair capitalism let's let's do some
uh... you know i kind of as you know
econ one oh one yourself
but recording cabinet and of there
of big business landing c_e_o_s
came by uh... but the politicians and have the politician
passlow indebted to have a
uh... laws regarding tax saying that the day and uh... uh... of banking
regulations a of buying uh... talked a lot of info on
women who are not happy in their favor
and then they claim that they had everything in an intimate between market
and a
it in the back then flipped up everybody
but note that the world
for the advantage of the character that uh... the the the bigger that the view
of the above the palm of that
b_d_o_ that guy woman at the u_n_ working very hard
uh... but with a big did that feel and not working that harding thinking a lot
of money and turned off
uh... fadeley and bought a pair of it
though that going to have to do them and uh...
it will uh... that had been there have been prime minister knew that it became
a strong
followed by one want to declare that they want to go on in the eighteen at
ninety and clinicals exp strong
there and then maybe the victorian or nineteen forty
but uh... after nineteen eighty
the the p introductory influence there are all
and concoction corrupting the politicians she says
sing the we refer to those times with positive as it is
that the gilded age the roaring twenties the go-go eighties and nineties
why would that be
of the global dot wanted to double modern people live promoted at the right
thing about working with a pilot program
but is it seems that i'm glad that the
no-load protein-protein but we can open it with a pity i don't think i didn't
put it right and and and what we have a temporary narrow the compiled intended
in the parliament to power than that i didn't approve of the seven
and the treadmill all forty years and then people up to the jobless millions
of double jobless and
on top of the day of the world
that preclude could indeed mean the our economy than in the hope that
because nobody
if you plan to challenge a de pablo telephone cloning capping the third and
that
maybe new movement that productive started that that that that he probably
will be yeah the ox by wall street opens and or the ninety nine percent movements
but decision and
your thoughts on that i know you wrote a very very interesting piece about this
and and what government should do to fix it
uh... muddle ticketless
but
went forward to
show that uh... that look at that moment i'm going to pick he'd do it for
children call her but i mean a byproduct uh...
after all people are going to a different idly by
there and they are unemployed for four or five years and that they had no hope
for their going to finding the challenger
be that big business uh... type people
my procrastinated luxury the other game intellectually demand
from the government like we fixed this economy
uh... one and for all
and pull i ordered pizza
uh... compete in the bill
and uh... more people on the uh... and lift off for
the pain that have happened in the packet thirty years
that have been part of american job that he would do people are talking job every
decade
mcmillan no more progressive
wanted to follow up with all that and i came up with the length of about
nine different thing
that have happened
uh... or the fact that feedback eight that i think doctor after they go into a
co-worker that then we had been
problem that they are not going away
yeah and thus but other
but bill clinton elected the
uh... the nineteen eighty-one the in compact car that occurred in nineteen
eighty one
backports started it all because
that women who attacked that problem that the
and then go to a lot of money from that went to individual inc
but then
the trade and about the deficit shot up
landowner in the new united faith granada login borrow money from
trying and apparent
before they had to
they were pumping up market deficit
and not really the role of the project review all of our tactics allen
there because the main go back for that part of a part of that they prepare by
provided in the all-out attack to all of them
so i don't recommend up and ready sharply
for him to go to detect jumped
self-employment tax it would be needed to get the people who might take a peek
prepared
in nineteen eighty three
well they don't uh... that is all about acting under if out
made but it's related to elevated
uh... made that it to the chip and and started to
a distressing small-business there had to be a very high tech
right mislaid on c_ small businesses
represented in the shopping center smalls in downtown streets of american
imo or lack of the properly arbitral propranolol followed wanted it but don't
knock wood pineda
back in part
under a lot of anti-trust laws which are the especially anti-monopoly log
please make sure that uh...
but everybody profitable martin didn't condone combine dark monthly because of
the cold ecard competition
lieutenant coughlin trophic the but everybody out prophet
that eloquently propelled by the government had to report them
and it's top ten to fourteen dole entitled lol
ultimately optimality
that uh... well right now in the parliament building up the often that
they were wiped out ad
the big uh... worldwide
into block up the poll
company
and laid off
live millions of people in the past
and a cabinet member and they didn't have them all
the country will probably mean
tobacco second ah... ah... shooting companies when they become
one they don't need to sales department say don't need to accounting departments
they don't need to uniform a blank stares as lotsa stuff they don't need to
uh...
um... i wrote about this a chapter
i titled in praise of inefficiency
but as i said to you as you know if i i really think anything this is a certain
amount of inefficiency the system is a very healthy thing and and in this case
we see fish insists increase efficiency is just
seasons the partisan politics is the fact that continues the firemen come up
but is in the living standard offends nothin bout the five eastern this
because the bizarre thurgood loss of innocent office and that's it
stick around us and i thought the boxes with something back
tests