The National Anthem i mean america is the culture that people love and were going to get into this comparing this to robin hood app traders but you know i want to show you what i bought in black friday and that was a mini max it did sit on the shelf for quite a while but most people didnt realize many macs actually stood in for you for a few episodes during lockdown and nobody even noticed so it was worth the 599. 00 not 599. 00 but 5. 99 i paid for this many macs know that outsold elf on a shelf for 3 christmases i wrote before christmas got cancelled because of the car Council Culture and the generation and this also justice i got a calculator only paid 6 bucks for a member back of the 19 170. 00 s. I bought one for 800. 00 so that was a good one the 1st of quite a bargain this is a i have no idea what this is but it looks like a keyhole but its attached to nothing. So you on lock the present knowing not into the safe of vault of nothingness you put the key here and answer the void s
Since the end of world war ii stop joining conversation by former defense secretary james mattis. For more Schedule Information at booktv. Org or consult your program guide. Including the evolution of everything and the rational opposite. This new book, primary focus of our conversation today, is the how Innovation Works. He has been a member of the house of lords. Good to chat with you today. Guest thanks, jim. Great to be with you. Host i noticed from doing events and podcasts, listeners love when i read so ill read a few sentences i cobbled together from your book, as a lead any question, i you rate. Innovation is the most important stat missed loose understood. The reason that most people today live lives of pros apart and wisdom compared with ancestor. Theres freedom to change, experiment, imagine, invest and fail. Liberals argued that since at least the 18th century that freedom needs prosperity but it would argue that they have never found the connection by which one causes the
Covering the facts that you know hes directly responsible for this erosion of price discovery of you know free speech essential is hes like the tyrant of the markets he doesnt allow Free Speech Free price discovery free markets thats absolutely right he is censoring the machinations of capitalism which weve doubt the weak hands and gives us only the winners so that we may become glorious in our quest to dominate the Global Economy but because of the printing thats going on in the bailing out. Of the we can still weakest the monks just in Corporate America what happens is the vibrant new small to Medium Enterprises are pushed aside they dont have access to credit and the worst behaved myths the albatross the no good mics are flooded with cast to do more bad things exactly so here he is warning the Small Business is going to be doomed of course investors love that because just like Warren Buffett he likes most he likes only copleys he only invest in those like if if you could force the p
Statistic referring to Zombie Companies is very telling me you know its its really the pictorial graphic representation of something weve been saying on this show or ive been saying on the shelf for some time now is that money printing doesnt cause a rebound in inflation it in fact causes deflation and you have no statistic that proves that more than the rise of Zombie Companies right this is why money printing doesnt fight the flesh and it causes deflation because youre pouring money into companies that are zombies that have inability to function as ongoing enterprises but because they are friends of the central bank and because Steven Knutson and donald trump in the all those folks in washington believe it strategically important to keep their donors these are donors thats who are being kept alive here are the. Corporate donors into Trumps Campaign are being flooded with cash even though their underlying businesses are not viable and no longer able to sustain themselves and they end
Matt innovation is one of the least understood. Is the reason most people say, live in prosperity and wisdom. In the main ingredient in the secret sauce in these innovations is freedom. Freedom to exchange experiment in imagine invest in fail. Liberals have argued that from the 18th century that freedom means prosperity but i would argue if never found the neck mechanism to drive change in which one causes the other pretty innovation is that drug chain, the missing link. Innovation is a child of freedom and the parent of prosperity. Matt, you think you have written a contrarian book in 2020. There seems to be a growing belief. Living standards have been stagnant for decades, both only helps the elites rated and innovation comes from smart planners implementing industrial policy carefully chosen sectors. Matt this is a contrarian book. It is because i said that innovation is the product of free people exchanging ideas freely. And yes we are experiencing innovation although, i do argue f