BUNK! Why Most of Robert Reich’s Ideas Are Just Wrong

Former Labor Secretary Robert Reich and I both make videos about economics.
But there’s one BIG difference: He’s wrong about almost everything!
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Reich makes ridiculous claims.
He says the government’s big spending didn’t cause inflation.
He says billionaires should be banned.
“There are only five ways to become a billionaire. And they're all bad!” he shouts.
But that’s not true. Most billionaires get rich by making all of us better off.
Reich trashes global trade.
But trade lets people specialize, which creates jobs and makes everything more affordable.
He claims inequality is bad.
Again, not true. It’s simply what happens when people are free.
Here’s our new video debunking some of Reich’s ridiculous claims.

[@melvingibson4525]

Robert Reich has made millions for himself by whining about millionaires

[@jamesdrake2378]

So has Paul Krugman.

[@DragonMasterRH]

Robert reich has a poor name (reich means empire in german)

[@bige2012]

Sound like the democrat socialist in DC.

[@niclash]

Unlike the average entrepreneur, he hasn't made his fortune from providing goods and services that others desire, but simply being part of the theft machine known as government.

[@JohnDoe-ht2bd]

I'm from China and I wanna thank Mr.Stossel for calling out Mr.Reich. Mr. Reich bleats long-debunked talking points that sometimes used in economic textbooks as typical bad policies. On top of that, Mr.Reich strikes people even with just rudimentary understanding of economics and how society runs as naive, childish and painfully shallow. It just shows you that a lot of technocrats in the governments got their position not necessarily by exceptional ability, but quite often by being at the right place, at the right time, and the least atrocious candidate.

[@pjdepaolisii]

He's a bum, always has been.

[@Slim-Pickens]

He's an honorary member of the elite, he is, although I think they just keep him around for entertainment value.

[@oneFreetinker]

If Robert didn't have a soap box to stand on, no one could see him.

[@peterlewellyn2389]

Now that was witty and funny

[@shawnmason8543]

Robert Reich’s net worth is between $4-$5 million. 😂😂😂 Guy it’s bad to make money unless you are spewing liberal BS.

[@MarkushaX]

Just like Bernie, he is only against billionaires, but absolutely fine with millionaires.🤣

[@jjd-lx5vr]

That’s kind of a pathetic net worth for a guy who did the jobs he did. Maybe he’s a bit salty that he squandered his life’s income.

[@mtbtrailrider6653]

so is john stossels net worth about the same.

[@toddtravis2596]

​@mtbtrailrider6653 is he complaining about people making money?🙄🤡

[@shawnmason8543]

@@mtbtrailrider6653 maybe but he doesn’t blow liberal smoke up the hard working people’s rumps. 😂

[@dodgeman4360]

I always felt Reich was just a whiny child. And we all know how ignorant children are.....

[@GarthGoldberg]

No working man could afford Reich's house in Berkeley.

[@TK-zj7cl]

Yeah and that's the stuff he criticizes... He wants to change the system so working people can afford stuff like that too.

[@toddtravis2596]

​@@TK-zj7clyeah. Thays going to happen.

[@ianmacdiarmid1249]

​@@TK-zj7cl sure he does.

[@max1mus737]

Glad someone’s calling this pundit out

[@aliadeeb6859]

I forgot Taylor Swift was a billionaire. I wonder if the next leftist that talks about banning billionaires will show her picture in the upper right corner of the screen

[@Red_Four]

He must have taught AOC's "economics" class, which would explain why she says the same stupid shit.

[@cwkay6847]

I always find it ironic that he talks about the inequality of ceo to worker pay, but never talks about his pay compared to his students.

[@Cyrus992]

Or even high government employee salaries

[@timmytrex3316]

RR reminds me of Bernie Sanders. Doesn’t mind making their wealth off of capitalism but wants to tell you that capitalism is wrong. Clowns. Only a fool believes both of them.

[@M0rmagil]

RR is the like a doll with a pull string that just says “Corporate greed! Corporate Greed!”

[@cl5619]

“Trickle down economics bad” Now let’s take everyone’s excess wealth, put it in the hands of a few (government), and have it trickle down to ya’ll

[@angryzak4389]

It's kinda funny hearing a guy complain about rich people also happens to be a millionaire who charges 45k to do a speech on a college campus

[@terrysweitzer6772]

Hypocrisy is the cornerstone of the left!!!🤣🤣🤣

[@laikanbarth]

Yes!! He wants to redistribute everyone’s wealth but not his money. A shame that he gets to spew his lies to college students.

[@rulerofthemoon]

Someday a smart scientist will be able to identity the disorder that causes people to think like RR.

[@Despiser25]

Its called SOCIALISM.

[@codebloke2200]

It's called greed. He is capitalizing on a market of impressionable people and being paid by subsidized universities.

[@oneFreetinker]

Robert's ideas always come up short....

[@ELCLAVE300]

😂😂

[@yoojin-oi8ij]

VERY !

[@shj2000]

😂

[@SilverSmurfer-fn5pr]

Robert Reich always comes up short.

[@melissadeloach8503]

Teehee 😂

[@JoeMama-bk7rd]

That's what she said

[@ELCLAVE300]

Robert Reich is the biggest liar of our time.

[@AflacMan13]

Reich's last name fits his ideology.

[@GuldeScott]

He's not German. He's ethnically Jewish.

[@shawnmason8543]

Trump doesn’t trash trade! He wants America not to get screwed in the trade like we always do.

[@TedSchoenling]

Trump absolutely trashes trade.. all the time. He does that because he knows is economically illiterate base eats it up. He is a populist who will say anything to get a vote... he is no different than any other politician and it is sad so many have fallen for him

[@melissadeloach8503]

​@@TedSchoenling I agree with the OP. Trump got voted in because ... HE'S NOT A POLITICIAN.

[@DarthMalevolence66]

If he was smart, he wouldn't make things worse with tariffs and trade wars that cause prices to increase. The only solution is deregulation.

[@ledzeppelin1212]

I buy things from foreign companies all of the time. How exactly am I getting screwed?

[@ledzeppelin1212]

@@DarthMalevolence66 I agree. I like that he cuts taxes, but then when he raises tariffs, he's just screwing me in a different place!

[@robot336]

We are not forced to give millionaire's money like we are forced to give the gov money .

[@yoojin-oi8ij]

WORD !!! (Do the kids still say that ? Oh, F' the kids !)

[@chrispowell1224]

I like to say, "If you want to destroy Amazon, simply stop shopping with Amazon" No one has taken me up on the offer.

[@Tagishlicht]

I've heard it is a fool proof strategy. Then again I still see Amazon packages showing up at the home of the family that has an 'eat the rich sign.'

[@Mostlypeaceful896]

Sometimes there are books that I can only get on amazon. Other than that I don't need amazon.

[@JamesBLonde0059]

I’ve been saying something similar about Tesla. The people who hate Musk buy his cars. The people like Musk DON’T buy his cars. Ironic isn’t it?

[@noisjero]

lmao brain dead take, imagine killing worldwide-spread corporations by not using them

[@yoojin-oi8ij]

@@Mostlypeaceful896 ....... When you've finished reading them, please give them to RR to sit on so that he can see over the steering wheel.

[@mattharmon3838]

He's a socialist.

[@jjman533]

Yup he's angry height wasn't distributed equally to him.

[@Despiser25]

of the Nazi variety. He thinks he is Oskar Schindler.

[@tomf9292]

I watch RR videos to get a feel for the other point of view. Here’s a guy who’s wealthy by whining about wealthy people and people actually agree with him. Elizabeth Warren is another one. Crazy

[@ralphp3057]

@@tomf9292 It is actually an illness !

[@ledzeppelin1212]

If you don't mind, I'm going to hijack your comment to create a list of whiny people that got rich doing so. I'm going to add Bernie Sanders, AOC, and Ibram X Kendi. Anyone want to add some more?

[@tomf9292]

@@ledzeppelin1212 LOVE IT!

[@darthhodges]

Reich has a Bachelor's in History, a master's in Philosophy, Politics, and Economics, and a Doctorate in Law. His job history is in legal roles for the government, as a political appointee, and as a teacher prior to being on social media. He is not devoid of economic experience/training, but he is far from an expert. Also, when he worked in the Clinton administration he advocated for positions he now rails against.

[@KontoVonMir]

All that education, but he clearly hasn't learned much to understand how the world functions.

[@calysagora3615]

Nothing makes people stupider than a life of academia.

[@terrysweitzer6772]

So no actual experience in building a business, or anything else for that matter!!!🤣🤣🤣 But he's gonna tell us all about it!!!😊😊😊 That's pretty standard issue for these types!

[@jonathanjones3126]

​@calysagora3615 after working around doctors and nurses I swear the more education a person gets the more common and brain power they lose

[@cl5619]

He’s just another communist academic

[@natalliaf6387]

Bring back dwarf tossing

[@yoojin-oi8ij]

........ yes but first, please open the window.

[@Slim-Pickens]

Robert Reich is "in the club" so he can do/say anything without scrutiny. The end.

[@Johannes58934]

It's not enough to be short, but wrong too!

[@jjman533]

Look at pictures of him standing next to Bill Clinton.

[@dralscustomcolures1095]

Reich talks, I stop listening.

[@viveviveka2651]

When Reich talked about "reining in" Elon Musk, it really hit me. Who does he think he is? Along with his cohorts, he's going to control and manage Elon Musk? And other people? You and me? All of us? Society in general? What an arrogant, deluded, ego-ridden, grandiose little loudmouth. He's not in charge of us, and he isn't in charge of our freedom.

[@mellochord]

I did not know he wasn't an economist. I might have guessed. He wears that title like a fancy suit that's way too big for him.

[@bobby-ov9qn]

And Jill Biden isn't a Doctor either.

[@vipero00]

RR at one interview post Clinton said that it is alright to lie in political situations. To him everything is a political situation.

[@gorillapermacuture]

You are the man Stossel! Thanks for all of the hard work you do! Aloha

[@rossryder944]

My guess is that this video will not get Reich to respond to your request for an interview.

[@angryzak4389]

Absolutely not. He never goes into a hostile environment. He only goes to media personalities that praise him and spread his false ideas

[@terrysweitzer6772]

He can't, his ideology is indefensible!!!🤣🤣🤣

[@raysharplessjr]

"You know, I'm something of a scientist myself" -Willem DaFoe

[@robmiller5721]

That's one angry lib.

[@dkeith45]

All you gotta do is spend a few days reading up on what became of Zimbabwe, then Venezuela, once they started taking over local industries and printing too much paper money to realize ppl like RR are completely FOS.

[@msromike123]

After the 1970s, neo-Marxism in the United States saw a shift towards Critical Theory and Cultural Marxism. These movements emerged from the Frankfurt School and gained traction in American universities. Critical Theory focuses on critiquing and changing society as a whole, rather than merely understanding or explaining it

[@n9wox]

Robert Reich is not an economist but plays one on TV.

[@luckyedwards4870]

The problem with billionaires is not wether they deserve the money, it's the power that money gives them, and the evil shit they do with that power..

[@ledzeppelin1212]

As long as they keep it out of the government lobbying and don't tread on people's rights, then I don't care. I know many of them do, unfortunately.

[@84Actionjack]

Keynesian; the real voodoo economics.

[@Fowlweather24]

Almost those Left PMCs love Amazon.

[@LoavesofBread]

Government deficit spending causes inflation every time

[@BryonLetterman]

Even the word "inflation" refers to the amount of money that's printed by the government, reducing its scarcity and it's value. Things are only valuable if they're scarce

[@mindful6095]

Folks can say the same thing about Reich, only reason he got where he is today is because of the rich. It’s insulting he thinks we are dumb enough to believe his lies.

[@VAMobMember]

If BILLIONAIRE were not allowed to keep their money YOU would not have the computer device you are using to watch this video.

[@JrGadd-zo7xj]

John I will take you any day of the week and twice on Sunday over anything rieschhhhh has to say. You absolutely make perfect sense

[@12qwe349]

Reichenomics: Forgive student loans and import unskilled labor.

[@samadiddle]

Correct and objective reporting without spin; thank you Mr. Stossel.

[@mbdeza]

"As of March 2024, Robert Reich's net worth is estimated to be $5 million. Robert Reich's job as a professor of Public Policy at the University of California-Berkeley earns him a salary of $242,613." .. but you know, rich people are bad for the country.

[@yoojin-oi8ij]

Remember,.... Robert Reich is not "short" he's "LOW".

[@MichaelDamianPHD]

I can't stand Reich.

[@FruitNDoggie]

How would global trade be bad? Agriculture is a clear example of why global trade is incredibly important, with nations that can produce more than they need selling excess to other places that need it.

[@cato451]

I’ve offered Bobo daily a free one way ticket to France so he can live his dream. Still waiting for him to take my offer. He’s a fraud.

[@phukyerpheefees]

My only complaint about this video is the trade section. No mention of slavery or tariffs? The current global market isn't as simple, and nowhere near as clean as John is making it out to be. Would it be better if trade were free between nations and nobody was forced to labor for others under threat of violence? Yes, of course. But that isn't the reality. In reality, other countries seek a competitive financial advantage by enslaving people or by creating trade imbalances. If there was no slavery or tariffs in the world, I'd agree completely with the video, but as it stands, John comes across as utopic and idealistic instead of realistic and pragmatic.

[@robbobtheplucker3082]

Problem with trade is we aren't getting better products. We are getting a bunch of throw away JUNK!!!!!!!!!!!!!!!!!

[@blueshattrick]

Stossel: "Leave billionaires alone!"

[@BryonLetterman]

Should billionaires be attacked for being billionaires? Who made them billionaires? The people who freely gave them money for the products or services. I think for as amazingly convenient as Amazon is, Bezos deserves to be very rich for starting it

[@foxhound34]

Anyone who refuses an interview to defend their ideas knows deep down that they are full of hot air and do not want to be called out on it and made to look stupid.

[@jjman533]

Reich is as much of an economist as he is above 5 ft tall.

[@DerykRobosson]

He's an example of, "Hatred of the good, for being the good."

[@connor_flanigan]

I disagree with the assertion that Robert Reich has ideas

[@mrdbooks7285]

KamaLiar is talking Sheeeet but only in round about and round about and round about ways without actually stating a policy.

[@romulus9990]

This is a massive oversimplification of a major economic debate

[@ken.matinale]

I thought that Robert Reich was an economist. Now I know that he's just plain wrong.

[@GarthGoldberg]

Amazon has a monopoly in, what, exactly?

[@michaelhahn4589]

Thank you, Stossel. I have enjoyed your high quality content and dedication to truth over the years.

[@TheLazyLiberal]

Robert Reich spreads a lot of logical fallacies

[@SomePerson-d3z]

I’ve always said that Robert Reich is the politician version of Rob Reiner.

[@WorfG]

To be considered an economist, one typically holds at least a bachelor's degree in economics or a closely related field. Many professional economists, especially those in research, government, or academic positions, often have a master's degree or a Ph.D. in economics. Higher-level roles generally require advanced degrees, as well as specialized knowledge in economic theory, econometrics, or applied economics.

[@WorfG]

Yes, Robert Reich holds a degree in economics. He earned his undergraduate degree from Dartmouth College, his Master of Arts from the University of Oxford (as a Rhodes Scholar), and his Juris Doctor (J.D.) from Yale Law School. Though his primary degree is in law, he has focused extensively on economic policy throughout his career.

[@Missalissalissa]

Lol, a degree in PPE (Philosophy, Politics, and Economics) from Oxford is NOT a degree in economics, but rather more of an interdisciplinary public policy degree. In fact, the majority of PPE students drop one of the main subjects for the second and third years of the course. John Stossel is correct: Robert Reich isn't an economist at all.

[@mugglescakesniffer3943]

I didn't ask to have my grocery bill skyrocket." Better for some not for all." (The handmaid's tale) Yeah and how are they helping the poor?

[@mybjj9643]

Spot on! Reich is a fool

[@bat2293]

Robert Reich responding? Forcast for hell freezing over - not anytime soon.

[@jscottupton]

As soon as Clinton hired him and Reich started to talk I realized he didn't know what he was talking about.

[@JMUK]

My uncle received his Economics degree from San Francisco State University. He is a democrat and impossible to talk to.

[@ElValuador]

And always have been.

[@RetroTechUSA]

He's also under 5 feet tall.😂

[@ShadoSpartan44]

i noticed he showed up on my home page recently and thought his points sounded nice but when he tries to go into detail, it didn't make much sense

[@ARUSApacecarHAMPTON]

He sure likes hanging out with the Billionaires and going to their parties and secret meetings.

[@oscarwindham6016]

Robert Reich may not be the brightest bulb on the tree, but he's a lot more fiscally aware than John Stossel has ever been.

[@JanPBtest]

It's the standard problem: the guy lives in a bubble. In Reich's case it's a double-walled bubble: Berkeley _and_ academia. I should know, I was at UC Berkeley, although, mercifully, at the mathematics department.

[@nicholasburkholder8584]

Best point made is when prices do go down, it’s not like the billionaires are more generous. A lot has to do with inflation and supply and demand.

[@johnbuchanan6045]

Baby Adulf doesn’t has the guts to be interviewed

[@wildmouse5888]

Robert Reich is the mad scientist in a 1950s horror movie. He wants to do his experiment even if it destroys the world.

[@chrism9037]

Reich has gone off the rails. What a goofball

[@n9wox]

Robert Reich's net worth is $4M

[@oooshafiqooo]

We got Stossel negative (Robert *Reich*) before GTA 6

[@BryonLetterman]

His Twitter feed is also full of absolutely absurd takes on the world

[@jozeleznick589]

Reich is a typical pinko. Folks of his ilk see citizens outside of the gov't goons as commodities. Disgusting.

[@donnie843]

never heard of Reich.. he seems to be a marxist

[@Clownlife432]

Some have went as far to say that his ideas always seem to fall short of the mark.

[@purebloodstevetungate5418]

If Amazon had stayed an online book club it would of never lasted but Bezos knew he had to expand and that expansion after 10+ after the original idea it became profitable.

[@jasonbrown-gq1qe]

Thank you for having the courage to call him out.

[@The_Dudester]

Back in the day of the Rush Limbaugh TV show, Limbaugh would show Reich from mid forehead and up (Reich is 4' 10") while Reich spoke.

[@georgeclarke2258]

I have often told leftists who use him as a source, that he has never been correct about anything ever. Thanks for the video

[@dashnja.9202]

I love when people show his completely opposing messages when his team does something he has criticized before

[@mellusk9194]

Robert Reich and Paul Ehrlich would make perfect bed fellows.

[@jackjrabbit]

Reich is right. Trade is bad even since prehistoric times. I think it's a great tragedy that the first people to make the wheel shared it with the rest of us.

[@michaellowe3665]

His ideas always come up short.

[@ziprun2005]

Corporations didn't raise prices ahead of what their actual prices increased by? I've heard multiple times that a portion of inflation was 'corporate greed' and based on how many have found a way to lower prices lately, I bet there is something to that. You haven't convinced me.

[@sheilah4525]

I am glad someone of higher stature is finally taking on this…………. Fill in the blank!

[@sharonsomers]

Surely one of the last common sense journalists around. They should all be like this.

[@cateclism316]

Robert "Third Reich" is almost laughable when you compare his diatribes with actual facts.