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
Im just going to read a few sentences i cobbled together from your book. As i lead into my first question. You might in the book innovation is the most important fact of the modern world but one of the least well understood. It is the reason most people today live lives of prosperity and wisdom area and the main ingredient in the secret sauce and indeed innovation is freedom and freedom to exchange, experiments, imagine, investment fail. Liberals have argued since the 18th century that freedom needs prosperity but i would argue that they have never persuasively found a mechanism that drives change in which one causes the other. Innovation is that drives change, that missing link. Innovation is the child of freedom and apparent prosperity. Matt, do you think youve written a contrary and book your in 2020 because there seems to be a growing belief we havent innovated since the apollo space program. Living standards have been stagnant for decades and growth only help the elites, growth ki
Worst. Yep. Talking about the coronavirus. Which the needs now tells us cannot be contained. And thats really why the dow plunged another 879 points today. S p 3. 3 , and the nasdaq 2. 7 on top of yesterdays hideous losses the dow has now lost 1,911 points in a row. Thats a decline of 6. two days now, you dont need me to tell you that this is serious stuff, especially if the director of the National Center for immunization and respiratory diseases told us this afternoon to now expectist significant disruption in our lives. Instantly that became conventional wisdom, thats the reason we told off so hard of course it is more complicated than that, right the stock market is following the much larger fixed income market where buying yields are currently hitting record lows. All sorts of maturities. The ten year is at 135 . The stocks got crushed the market is screaming that this pandemic will cause dramatic decline in Economic Activity both here and around the world. When the bond market sp
I guess sometimes i am but i said nothing which would mean that you havent fixed the printer german culture of looking at the stereotype classics but in years think the future of the country that i know not the time. Newton seen everything in a scrum on their own you know its all about ok bob no im a joke join me to meet the jetman sunday w. Post. South africa tries to tackle its legacy of Domestic Work abuse support groups saying some employers still feel free to use and abuse live in domestic stuff. A must in all of production learns about the effects of Climate Change or future harvests. And electric cars could cause. Germanys automotive jobs it could take advances bring. Lights to business forced to live in squalid conditions beaten and then fired at will thats still the reality for some of the 1000000 Domestic Workers in south africa during apartheid black South Africans were banned from residing in cities to avoid the long and dangerous commute from the townships many women emplo
Im chris cuomo. As the worlds biggest economies come together this week to sign a phase one trade deal details are emerging of the pax to end a conflict that has roiled World Markets chinas chief trade negotiator vice premier league has arrived in washington for the signing reports say china has agreed to buy billions of dollars and u. S. Energy products farm goods and services. Sought chinas exports edge half a percent higher in 29. 00. Im joined by my colleague Clifford Coonan here in the studio what more can you tell us about these reports that china is to buy much more u. S. Stuff but its been a busy few hours in the in in the newsroom here were getting some details through the chinese pledge by nearly 80000000000. 00 in manufactured goods from the u. S. Over the next 2 years to be 50000000000. 00 more in Energy Supplies and probably about 35000000000 more in services which is actually one area where there is a trade surplus at the moment so were getting the details are coming thro