or the government s call. and that we serve ourselves and what we all need to acknowledge which is that the integrity rit can i of pricing, period has put a huge facilitator with a huge incentive to do that. . peter, jimmy, thank you. susan, karen. thank you. coming up, no nasa, no problem. the sput of american space travel happening right now. can i get a ride on that bird, after this.
obama s campaign message. karen, susan and jimmy, we ll get into the merits and lack thereof of private equity and capital and capitalism a little later when peter shiff is heard, but in the meantime, politics is as clean as politics can be, and you have to have your guys saying the right stuff, don t you, jimmy? well it s not fun if they don t say the right stuff. if you can t say anything nice, keep your mouth shut, right? that s what my mama used to say. look, when you re a surrogate for the campaign of the presidency, you tend to stick to the talking points. mr. booker did not stick to the talking points, however, the great irony is a lot of people agree with mr. booker. apparently just not the obama campaign. there s a problem with that. if you re going to talk about him, you need to stick to the campaign talking points. i don t have a problem with what cory booker said. what he said was the same thing obama said in 2007- 08.
capitalism where risk is retained and invested by the principal individuals and extractionism where, effectively, other people s money is used under the language and auspices of capitalism but for very different purposes. private equity borrows other people s money. are their incentives the same for somebody who invests their own money? history in mathematics would tell us they are very different things, yet the distinction of retaining your own capital, your own partnership at your own bank or firm and using other people s money, let alone the ability to use the money of the state, creates a total distortion from an opportunity-seeking culture that invents and creates things for society to a risk transfer culture whose only incentive is to manufacture and transfer risk to somebody other than themselves. peter schiff joins the table