A lot of people who are doing well had worked hard and have succeeded economically they what it themselves want medicaid or food stamps and i can understand that but how about the environment i wake up and i look and its kind of foggy. Uld and there were certain smells around the place. And sometimes my eyes woulding i stink if i was in west lake. This is a Chemical Center very proud to say it was the buckle of Americas Energy belt more companies being lured in incentive money in order to use the cheap natural gas produced by fracking. There was something in the air. Look at people were drinking bottled water. And lets look at the environment here. I didnt go there with that in mind it was unavoidable i discovered that the parish which is in the one in the south west of louisiana as a center of this Chemical Industry was among 2 . Most polluted in the country. And yet there was no discussion of the need to regulate and in fact peopleng were voting for people who said nothing about poll
Fabulous book. Guest thank you. Host ive known Alan Greenspan for many, many years, and we worked together closely when i was his vice chair, and hes a complicated man, and these were complicated times, and i think you got it about right. But lets start at the beginning. You wrote interestingly about the influence of his parents. Could you talk a little bitt about that on his career choices . Guest yeah. Alan greenspan had an unusual upbringing in the sense that raised in the 1930s, he was the child of a single mom. His father left his mother when alan was only 3 and then was this sort of distant figure, unreliable, who would sometimes say he would come and see his son and then not show up. In and i think that probably reinforced a talent alan had to live inside his own head, and that was further reenforced by his mother. First of all, were talking about the 30s, the depression, so she had to earn a living. Ng wasnt so easy. She worked in a Department Store in manhattan, so he was left
Fabulous book. Guest thank you. Host ive known Alan Greenspan for many, many years, and we worked together closely when i was his vice chair, and hes a complicated man, and these were complicated times, and i think you got it about right. But lets start at the beginning. You wrote interestingly about the influence of his parents. Could you talk a little bitt about that on his career choices . Guest yeah. Alan greenspan had an unusual upbringing in the sense that raised in the 1930s, he was the child of a single mom. His father left his mother when alan was only 3 and then was this sort of distant figure, unreliable, who would sometimes say he would come and see his son and then not show up. In and i think that probably reinforced a talent alan had to live inside his own head, and that was further reenforced by his mother. First of all, were talking about the 30s, the depression, so she had to earn a living. Ng wasnt so easy. She worked in a Department Store in manhattan, so he was left
In your book, you write that the risk capitalism is so ancient that they likely predate even language in the development of civilization. Well, yes. People have been exchanging goods and services for a long time and people have been making things they will exchange and other things. That is what market capitalism is about. Its about voluntary exchange between two individuals or a group of individuals and so i was say market capitalism, fundamental aspect of voluntary exchange for everybody is better off predates the roots of anything else can certainly press government clears close go would you say if you made . Guest i would say certainly. All you got to do is look at a couple 2yearold and see if they trade stock and i will tell you they will. They may trade something your 2yearold is driven to another world for something they shouldnt be trading because youve got been a 50 something in their trading it for 3 pokemon. People exchange. They have been in a debilitating and innate instin
Economy, and defending liberty and, professor, in your book, you write that the roots of capitalismen ancient. So ancient in fact they likely predate language in the development of civilization . Yes, i mean, people have been exchanging goods and services for a long time. And people have been making things that theyve then exchange for other things that other people have and so thats really what market capitalism is about. Its really about voluntary exchange between two individuals, or a group of individuals, and so, i would say that market caps is a fundamentalal aspect of it, a system of voluntary exchange where everybody is better off, predates the many roots of anything else. Certainly, perhaps government as well. Would you say its innate . I would say, certainly. All youve got to do is look at a couple of two year olds and see if they trade stuff. And they will. And it might be theyre trading to another twoyearold and they shouldnt be trading. A 50 book, theyre trading it for a 3