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You have a nice tenured job. we are in the biggest recession since the great depression. the downtown in the economy has nothing to do with resource scarcity. of course, it has everything to do with resource scarcity. you go and spend $150 a week filling up your car. try and put corn and food on your table when you have record prices for corn. get rid of the eartha until subsidies. i m not even talking about ethanol. i am. talking about food in general. nearly all-time highs. i will make you a bet you can pick five commodities and i inflation adjusted price of the market basket of those five commodities will fall over the next ten years. i will make you a $5,000 bet. of course, i will make you a bet. john: do we have this bet here. you can pick any commodity you want. well, you pick five commodities. copper, oil, corn. ....
For most of the time hardly any growth. they had all this planning. 100% of the economy was planned. only when they recognized private property and individual initiative did the chinese economy boom. it is not planning. it is freedom that helped them boom. yes, i agree. freedom did help them boom. i agree. if you look at the chart from a slightly different scale you will find that they were growing prior to 1990. not near early as fast. so no argument there. planning doesn t work. they used to say japan central planning. and i don t want to live like chinese. like the chinese. i don t like them. that is why i say war. i love north america. john: last word. we are about out of time. the world s population has grown substantially. what happened to the police of recourse prices they will continue to fall as economies like china back more productive. john: thank you don and steven. coming up, will they soon pass ....
Try fixodent cleanser plus scope ingredients. john: china s economy booms while the american economy stag nates. will china soon overtake us? should we be afraid? testeven leeb says be afraid. he says china s growing ....
I habe a cohd. and i toog nyguil bud i m stild stubbed up. [ male announcer ] sorry, buddy. truth is, nyquil doesn t un-stuff your nose. what? [ male announcer ] it doesn t have a decongestant. really? [ male announcer ] you need a more complete cold formula, like alka-seltzer plus liquid gels. it s specially formulated to fight your worst cold symptoms, plus relieve your stuffy nose. [ deep breath ] thank you! [ male announcer ] you re welcome. that s the cold truth! [ male announcer ] alka-seltzer plus liquid gels. oh what a relief it is! two of the most important are energy security and economic growth. north america actually has one of the largest oil reserves in the world. a large part of that is oil sands. this resource has the ability to create hundreds of thousands ojobs. at our kearl project in canada, we ll be able to produce these oil sands with the same emissions as many other oils and that s a huge breakthrough. that s good for oucountry s energy security and our econo ....
For most of the time hardly any growth. they had all this planning. 100% of the economy was planned. only when they recognized private property and individual initiative did the chinese economy boom. it is not planning. it is freedom that helped them boom. yes, i agree. freedom did help them boom. i agree. if you look at the chart from a slightly different scale you will find that they were growing prior to 1990. not near early as fast. so no argument there. planning doesn t work. they used to say japan central planning. and i don t want to live like chinese. like the chinese. i don t like them. that is why i say war. i love north america. john: last word. we are about out of time. the world s population has grown substantially. what happened to the police of recourse prices they will continue to fall as economies like china back more productive. john: thank you don and steven. coming up, will they soon pass ....