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And part of this hesitance is that younger people dont really know much about markets or wall street except cartoons, right but markets are so valuable. They are. A gift to us and we think of them as a gift. But if we go way over to the left away from wall street socialists think of the markets as a gift too because theyre logical proposition is given colon a 20 or 30 trillion dollar economy. We will spend the money thus and thus and redistribute it the market the money the wealth is assumed by everyone. But markets are like souls the economy is like a soul. Theyre like humans and they can make a choice a market. Can choose to come back or it can choose to stay away and that . That problem the fragility. Of markets that the decision to stay away. Thats our problem. Nationally. We have to keep the markets here and we have to keep the markets happy. Um, whats an example of that . Ill just mention one example, because again, all live among caricatures. An example is saturdays off. We thin ....
And part of this hesitance is that younger people dont really know much about markets or wall street except cartoons, right but markets are so valuable. They are. A gift to us and we think of them as a gift. But if we go way over to the left away from wall street socialists think of the markets as a gift too because theyre logical proposition is given colon a 20 or 30 trillion dollar economy. We will spend the money thus and thus and redistribute it the market the money the wealth is assumed by everyone. But markets are like souls the economy is like a soul. Theyre like humans and they can make a choice a market. Can choose to come back or it can choose to stay away and that . That problem the fragility. Of markets that the decision to stay away. Thats our problem. Nationally. We have to keep the markets here and we have to keep the markets happy. Um, whats an example of that . Ill just mention one example, because again, all live among caricatures. An example is saturdays off. We thin ....
Dr. Zupans book look at the sources of national decline. Typically when people think about the sources of national decline they often look outside of government at specialInterest Groups that try to coopt government for their own benefit. However dr. Zupan takes a different approach and looks at the sources of national decline that come from inside government , from government insiders and it may cause even more harm to countries and civilizations than the harm that comes from outside of government we are really looking forward to hearing from dr. Zupan today. The way we will be framing todays book forums first we are going to hear remarks from dr. Zupan and then we will have comments from both Lindsay Cutshall from the Brookings Institute and myself. First i would like to introduce dr. Zupan. Dr. Zupan begin his ....
Adam smith is probably the second best thing to come out of scotland. The first isnt golf. But you man know about his famous book, the wealth of nations. You may know he was a free trader and he may have heard of the invisible hand. What i want to talk about tonight is smiths other boat, the theory of moral sentiments i want to give you an insight into his economics and apply them to modern life. What i want to do tonight is give you an idea of what adam smith can teach us about ourselves and the world around us. I want to start with the story, i was in london last week, i think it was last week. It was this year for sure. It was a whirl wind trip. Had a great time. Never been in london before. I gave a talk at a place called the will society of arts. The Royal Society of arts is very old. The use to be called the Royal Society for encouraging manufacturing, the arts and commer ....