With the headlines. About 11 in cardiff. Now on bbc news, its hardtalk. Still on the chilly side. Into friday evening then, that area of cloud and rain slowly clears off towards the east, hello and welcome to hardtalk. So under those clearing skies, have a look at the blue colours, im shaun ley. That indicates quite a cold start to your weekend, in fact, subzero temperatures for many of us, particularly in the north first thing saturday, but really wherever you are, you could well wake up to quite we use random trials to test whether medicines make a difference. A sharp frost. Why not use the same method to find effective treatments for poverty . After that chilly start to saturday, the experimental trials in africa and india, run by professor esther duflo and two colleagues, have won them the nobel prize for economics. More cloud and rain work among theirfindings food aid isnt helping the poor and the poorest kids dont need more books, in from the west through the day, they need more
Demanding a radical overhaul of the government. Of new report on the downing a malaysian aiairliner o over easterukukraine inn 2014 finds a strong link between top russian officials and separatist rebels. We begin in gaza, where a fragile ceasefire between israel and the Islamic Jihad seems to be holding despite rocket fire. A barrage of missiles fired into israel hours after the ceasefire was declared to end two days of intense fighting. Four palestinians have been killed in israeli airstrikes including three women and eight children. Mourners attended a funeral procession for eight members of the same family killed in one of them. The single deadliest moment in 48 hours of fighting. Destroyed airstrike this house in central gaza, killing a members of the same family, including five children. The target was an Islamic Jihad commander. No warning. Usually they do. This time they kill the whole family. Its not right. The mass funeral followed, eight buried, thousands on the streets. The
Is the attraction then why do we have so many millennial zz and so many people attracted to this idea that so many of them have no historical knowledge of whatsoever go ahead thomas in baltimore was mostly because people like David Henderson and myself have been snuffed out of the academic world there are still hundreds of classical liberals in american academe but were outnumbered by hundreds of thousands of others and the young people are taught what economists call the nirvana fallacy they pose socialism as some sort of utopian ideal and compare that to the real world and of course the real world always comes up short when you compare it to utopia and thats basically the methodology thats used and its even used widely in the economics profession with all the theories of socalled market failure and so even if you take economics you dont really get well grounded in how markets work and the importance of private property and private enterprise. Was in most economics departments in my o
Return fire with rockets. Oh in the welcome the. Specter of socialism 30 years after the fall of the berlin wall socialism is now remarkably popular what explains this how to explain why so many successful and even privileged people with the socialism to solve social problems maybe its because liberalism itself is failing. Socialism im joined by my guest in new york hes an economist and writer as well as a Senior Research fellow at the American Institute for Economic Research his research focuses on policy and technology in baltimore we have. Thomas de lorenzo is a professor of economics at university of maryland in baltimore as well as a senior fellow at the mieses institute his latest book is the problem with socialism and in monterey we cross to David Henderson he is an emeritus professor of economics with the Naval Postgraduate School in monterey as well as a Research Fellow with the Hoover Institution at Stanford University he is author of the joy of freedom and economists honestl
Talking millennial socialism im joined by my guest mexico in new york hes an economist and writer as well as a Senior Research fellow at the American Institute for Economic Research his research focuses on policy and technology in baltimore we have thomas de lorenzo hes a professor of economics at Loyola University maryland in baltimore as well as a senior fellow at the mieses institute his latest book is the problem with socialism and in monterey we cross to David Henderson he is an emeritus professor of economics with the Naval Postgraduate School in monterey as well as a Research Fellow with the Hoover Institution at Stanford University he is author of the joy of freedom in economists honestly are gentlemen crosstalk rules in effect that means you can jump in anytime you want and i always appreciate thomas let me go to you 1st in baltimore i dont i dont really think on this program we need to speak about the failings of socialism i think were all on the same page on that here my poi