🔴 Ep. 278: Ben Shapiro Exposes Cenk Uygur's Economic Ignorance

[@2vnews902]

Over 240 years after "The Wealth of Nations" and the world still has not learned the basic lessons of economics.

[@vandertuber]

So True. So Sad!

[@2vnews902]

vandertuber, Very true and very sad.

[@brandonbakhtiar7451]

2VNews Adam Smith and Locke were advanced thinkers but their ideas, as advanced as they were, didn't anticipate things like the negatives the activity our economic modality causes. Or just that the planet has a finite carrying capacity and economic models that don't take this basic fact into account aren't sustainable. The signs are already appearing. Poverty and debt are climbing, the middle class is disappearing, pollution is worse traffic is worse....our government isn't getting shit accomplished yet the debt ceiling approaches etc etc etc. The film Moving Forward gives the details. Start at chapter 2 40minutes in. It's free on KZbin and Netflix. The shortcomings of the ideas of Smith and Locke are made clear.

[@2vnews902]

Brandon Bakhtiar, nonsense. The problem is government. The Problem Federal government has the open checkbook of multiple generations of Americans, with no real restraint. Uncontrollable federal government spending is a major problem and most Americans have no knowledge about it. Politicians talk a good game about fiscal responsibility, but the facts speak for themselves. We have a national debt nearing $20 trillion which comes to about $158,730 per household if paid in one lump sum. $20 trillion in debt proves that entitlements and safety nets should not be in the hands of the federal government. The national debt keeps increasing because of deals, aka compromises, between Democrats (social programs and entitlements) and Republicans (corporate welfare and defense). The main thing extending judgement day is the world’s faith in the US economy, its ability to pay and the worldwide demand for the US dollar. But this is not limitless. The Solution There is only one way to restore accountability at the federal level, we have to pass an amendment that forbids the federal government from being in the benefit/entitlement/subsidy business. Everything else is just a bandage. Benefits, entitlements and subsidies can be done in the states that choose to do them. States will have to prioritize. States have the checkbook of the current generation, but they also have real budgets and real restraints with real consequences. States could offer all the benefits voters can dream of, but they would have to tax their voters to pay for it. There would be no borrowing from China, Japan or monetizing of debt to pay for it. This probably will not happen until there is a big enough crisis and all the bandages have been tried. This amendment will be the solution after all other things fail. Leave defense to the federal government and safety nets to the states. Hard lessons about socialism should be learned in the states not at the federal level. Fixing other federal problems will be easier after this amendment. Abolishing the IRS should quickly follow. Focus will then be on defense spending, excessive regulation, government surveillance and the Federal Reserve.

[@brandonbakhtiar7451]

2VNews Agree with your problem assessment. But let's say we do like you say and change or abolish government. How does that enable sustainability, address the basic fact that we can't have a smaller & smaller group controlling more & more of the wealth and expect the rest to remain peaceful/civil. Abolishing the IRS doesn't address that either. Just try to see the film man.

[@vandertuber]

The fact that Cenk cut of the microphone on Peter Schiff speaks volumes about the illegitimacy of Cenk's ideology. Cenk's ridiculous arguments during the Shapiro debate simply further prove this point. As usual, great podcast Peter.

[@thedarkwatcher]

The way he continually tried to back-up his weak arguments by pandering to the crowd with empty rhetoric was, by the end, embarrassing. The icing on the cake was the 'USA, USA, USA' chant that he tried to start...

[@BKofficer23]

Excellent lesson today Mr. Schiff.

[@michaelhanover941]

Oh my gosh, my two favorite political commentators: Peter Schiff (#1) and Ben Shapiro! I watched the debate, and thought "...if only Peter Schiff was there".

[@mimiseeyou]

Starting over and grabbing a notepad. At 32, this information is very helpful to quickly show how taxes cripple the economy. Thank you, Peter!

[@SabbathSOG]

Peter, one of you best podcast. Thank you.

[@bayarearaider7753]

Schiff giving a big shout out to Ben Shapiro!! Game Recognize Game

[@JJJHendrixxx]

wasn't that big of a shoutout in all fairness, but a shoutout nonetheless

[@jeanphilippe8733]

@@JJJHendrixxx he may be exaggerating, but either way, no need to shut him down

[@maciejwarda1974]

We love you Peter, keep up the great work!!!!!! Keep the podcasts coming!!!!

[@112brandon]

I second your sentiment!

[@donaldhester159]

Amen

[@TheDrouyn]

Peter bringing the true news.

[@peapod8]

as a small business person with a street-level store in NYC, who not only doesn't get any government subsidies but is robbed blind by the government.... I truly love your thoughts and words.... I enjoy every post. 💛💛💛💛

[@mattsnavely9212]

Well done. That is the Schiff we all hold up high!

[@2vnews902]

Abolish the income tax, payroll tax, 16th Amendment and IRS, stop the self-imposed insanity.

[@vandertuber]

If only the people were smart enough to undertand you 2VN. Unfortunately, the bulk of US Citizens get their education from a socialist education system run by people with a Marxist philosophy.

[@justinbailey1756]

you realize that rhetoric qualifies as treason?

[@2vnews902]

Justin Bailey, Nope

[@vandertuber]

How is suggesting ways to *improve* the USA treason? Justin, you may want to lookup the definition of treason.

[@Nicefswagg]

2VNews end the fed. Simple.

[@edwaggonersr.7446]

Peter, run for president.

[@slayerment]

This is the topic Peter knows and explains better than just about anyone.

[@adventurecapitalist5001]

Sound economics are so rare and Mr. Schiff is so astute in them that he should start an academy. 'The Schiff Academy', I will be a student and promoter of this academy. Tens of thousands of Americans will be blessed by such a thing. We will change the world.

[@EricSmyth4Christ]

This is the best episode of the best financial podcast ever

[@jackmcslay]

The real price of the type of education you get in today's school is the price of a smartphone and internet access. Nothing you learn at school is something you can't figure out with a basic search.

[@AruSharma04]

I learnt more economics in 35 minutes than I did in a 3 year honours degree in economics

[@larsrosenfeldt2300]

Got The honnor to be up vote #2,000... Peter Schiff is THE best...

[@lawrencegladwell163]

I would pay to come over from the UK to watch that debate. You would embarrass him so badly Mr Schiff.

[@cokechang]

in terms of economics, peter definitely makes a better debater than Ben Shapiro, but Shapiro is an absolute beast on social issues

[@supernatural5354]

He's an idiot on social issues 😂 thats a WAP

[@pippyanne2580]

@@supernatural5354 he’s a beast on most social issues, and I agree WAP is a disgrace but he looked like a total idiot talking about his wife’s vagina.

[@supernatural5354]

@@pippyanne2580 He's really not. He just talks really fast. He tries to use "logic" to justify his homophobia, transphobia and racism, it's pathetic.

[@AR-ey6gn]

@@supernatural5354 you’re wrong.

[@travisrhodus1362]

@@AR-ey6gn True. Ben Shapiro is a hate mongering sophist w/ less respectability & rational ability than Alex Jones.

[@khaley1661]

Schiff said "the 1950s didn't happen over night". Yes they did: They started just after Dec 31, 1949. Sorry, I couldn't help myself.

[@2vnews902]

We have to pass an amendment that forbids the federal government from being in the benefit/entitlement/subsidy business. #20Trillion

[@felixthecat4584]

lol, good luck. Assholes wont even arrest illegal immigrants.

[@steve410]

28 trillion now lol

[@xelgav]

Excellent podcast Peter

[@anthonydimartino8960]

His best video yet.

[@steve410]

This should have millions of views

[@rayrodrigo4053]

This is great education from someone who knows his stuff. God bless Peter!

[@AndresDominicci]

Peter since you have been living here in PR for a while now; you should run for governor and straight this mess out.

[@jothe3inv]

Peter, I sincerely wanted to thank you for what you are doing. And you're absolutely correct when you say it is possible to educate a "liberal/leftist" with facts, logic and common sense. I can personally testify as a person who has had his views shifted almost 180 degrees by listening to people like you and other libertarians/conservatives over the past year. All I needed was an open mind. And this change has really opened up the possibility for me to really 'grow up' in a metaphorical sense and take individual responsibility for my life instead of the pathological idea of expecting the government to 'look after' society and in the process intrude into the personal liberty of the individual. Again, thank you for your work, and please keep it up. Education opens the door to real empowerment.

[@MSEEViking]

Great totally awesome speech, so insightful and so deeply and profoundly accurate!!! Blown away.... Wow

[@thefamedhater684]

If the world was fair, Peter Schiff on the Joe Rogan show would have 10 million viewers

[@markdavid1262]

Right on Peter.

[@minihackerme]

Why even argue with Cenk, just agree with him. He's got 3 million subscribers vs. 174k for Peter. Under Cenk's system, since he is one of the KZbin 1%, his ad revenue should be taxed at 90%. And given to the KZbin 99%, like Peter.

[@hunterfaughnan8637]

I enjoyed the last few minutes of the podcast, you made a great case for privitization of schools

[@uiffbkttg3945]

I CANT WAIT UNTILL YOUR NEW JRE INTERVIEW! We need your advice. So glad you are going on again!

[@rexscott3888]

It was a great debate.

[@coryg121]

God bless you peter!! Your one hell of a speaker/debater! your understanding on free market economics seems unmatched!

[@PaleandPastey]

You can't argue someone out of an idea that they weren't argued into.

[@nipnipnip7508]

Taking money from people who earned it and giving it to people who didn't.

[@melevan15]

If you are going to reference a debate or other resource of some kind, you should include a link to the resource in the description. That's all. Thanks for the podcast. I'm a big fan.

[@bigscience171]

I will pay money I saved to see this debate!

[@ChristBrother1954]

Thank you Peter Schiff. I alway Learn more and more after listening to you.

[@edwardgibbon2557]

Love the podcasts, thanks a lot. Would love to see you interviewed by Shapiro, Lionel Nation, Crowder, and its always great seeing you on Molyneaux...

[@Roger-yu9ql]

Peter you are a god!!!!

[@darrenrenna]

Peter--have you ever done a podcast on the Bretton Woods Conference? That would be a good piece of the puzzle to focus in on which doesn't get much attention.

[@FreedomIsAChoice777]

Great summary. Probably your best yet. Shared.

[@2vnews902]

Free: sacrifice quality, availability and innovation; along with a never ending increasing cost to taxpayers.

[@JoshSideris]

Stop.

[@rgcounts]

Hey Peter! I've had dinner with you before in New Orleans (thanks Walter Block), and I've been a fan yours for years. I think you have the best chance of any libertarian to get those 2.5 million views. No other true political and economic libertarian in the Ron Paul type tradition has his own voice in today's culture wars, and I hope that I see you competing more with Shapiro, Crowder, Milo and all the other that are sucking up all the air. I've been seeing your content more, and I'd bet others have too. Engage in these internet media battles more. Good luck. Subscribed.

[@plastifiedmetal5682]

Peter beats anyone in an economic debate.

[@TemplarYogi]

Excellent analysis !

[@tominpuertorico1689]

Agree on everything. Great podcast!

[@vorrzaaa]

Thank you great podcast!

[@striker890trewq7]

Im pumped for Joe Rogan and Peter Schiff. Will you be partaking in the Marijuana Peter?

[@raitiC1]

I'm waiting for Peter Joe Rogan podcast more than for McGregor Mayweather fight. ;)

[@aliencitizen1670]

Correlation does not equal Causation

[@2vnews902]

Liberate the paychecks of hard-working Americans from the convoluted tax code and dictates of politicians on how to save for retirement.

[@chris0000924]

2VNews Bitcoin or offshore accounts

[@2vnews902]

$20 trillion national debt proves that subsidies, entitlements & safety nets shouldn't be in the hands of the federal government. #20Trillon

[@AllodialTitle]

One of your best..... Thanks for sharing..

[@uniaesthetics]

Awesome. I'll use some of these points when I debate my liberal friends about school system

[@NichoTBE]

well said

[@2vnews902]

Middle class is a byproduct of a market economy without excessive regulation, it isn't manufactured by government redistribution of wealth, minimum wage laws or a politician's tax gimmicks.

[@2vnews902]

Peter, how is it that you are not on Trump's economic council?

[@TryX420]

Because Trump never wanted to fix the economy the correct way to being with.

[@losttale1]

because trump is a socialist moron

[@prac2]

and you know that how?

[@SmashBrosBrawl]

Trump is still a Keynesian at heart.

[@nathandaniel6540]

Arising-Tale trump a socialist? Man you are beyond stupid.

[@KB-vv8gr]

Peter you gotta bring back your call in show someday

[@cyclicvibrations4420]

Excellent presentation - From Egypt

[@BTChanOSRS]

"You go back to the 1950s, and what it was to be middle class, and you were the typical guy, you graduated in college or you maybe graduated on highschool, you could get a job and you could get married and your wife didn't had to work. You COULD SUPPORT YOUR WIFE. And non only that and you COULD SUPPORT YOUR KID, even have two, three or more!"

[@BTChanOSRS]

WITHOUT CREDIT CARD!!!

[@chris0000924]

Dave P NO NOT THE INTERNET wtf NAFTA and other broke trade deals plus tax hikes coupled with overregulation killed our economy

[@chris0000924]

Truth You had credit but it was used mainly for business

[@nevropatholog]

I assure you that i buy almost everything with cash.

[@brucec43]

US consumers who buy foreign made goods are also culpable. US employers who hire immigrants because they work cheap are culpable. Voters who let these people get away with it are culpable.

[@williamj.greene5682]

Peter, The thing I love about you the most is your modesty!! You are soooo modest!! LOL!! No, really, You are my GO TO MAN!! Yes, Sir without doubt or reservation. I hope I get to meet you in person some day!! With all the $hit that is going on these days, I don't know what some of us would do if (there is just a handful of you guys out there) we didn't have you guys to unruffle our feathers. We feed off you guys. You give us strength and convince us there is hope. Continue to fight the God Damn fight!!! We love you even if you are modest!! : ) Thanks for everything you and the others like you do. Have a good weekend!! I think we all deserve it after a week like this.

[@michaeldoss8687]

I LOVE these kinds of podcasts peter!!

[@TryX420]

The evolution is from thinking with your heart, to thinking with your head. - I really like this quote.

[@davidchaney9100]

After WW II, many of the weapons factories were converted manufacturing facilities for consumer products. This helped generate wealth too.

[@franciscomodesto6305]

Brilliant explanation of taxes and the economy. Just brilliant

[@648531]

Thank you peter for your podcast!

[@highdesertutah]

I went shopping for work boots yesterday. Saw Georgia Boots made in the Dominican Republic. Saw Carolina Boots made in China. Timberland Boots made in the Dominican Republic. Saw other brands of boots made in Bangladesh, Cambodia, and Vietnam. I couldn't find anything made in America.

[@pooperscoop54321]

I started paying attention to politics when I was 14, and became conservative when I was 20.

[@MikeWilliams-cq8lq]

I would love to see that debate. I agree you would mop the floor with him.

[@coltennabers634]

When Peter Schiff was on the TyT and got kicked off, I was in love with TyT and hated Schiff. Then I got to college and now I agree with Schiff and hate TyT

[@justinbailey1756]

I was a socialist when I was a kid, then I grew up, started listening to Schiff and I realized how stupid I was.

[@niilespunkari8832]

0% income tax and 0% sales tax, that for sure would help the working class.

[@DisabilityExams]

Very true - I lived in England in 67-68 as a boy. Never saw so many exotic cars - Jaguars, Aston Martins, Ferraris, etc. Top tax bracket was 99% but a business vehicle wasn't taxed. So, all the top executives got a very expensive car instead of more pay. Perverse incentives work!

[@Cyphlix]

Cenks idea of a well reasoned debate is yelling the loudest and cutting the mics of dissenters

[@michaelthatcher3825]

Common sense flows like a high tide.

[@ashwadhwani]

Superb mop up.

[@andyottito1]

I love that Peter had to go back and edit his pronunciation of Cenk Uygur. :)

[@cobyboeder9879]

Peter's return to jre is long overdue. We look forward to your intelligent and honest commentary

[@rareairal]

this time peter schifff put me to sleep with this podcast

[@mysteriousstranger8224]

Cenk would be a valuable addition to the Venezuelan government. A real team player.

[@Brad-Harris]

Is it me, or did the audio sound weird everything Peter said Cenk Uygurs name?

[@sinisxer470]

Ben absolutely slaughtered Cenk 😂 Loved it.

[@soundofmoney6125]

Ahh that welcoming music

[@Oetti]

extremely entertaining podcast as always. slam-dunk!

[@fsmoura]

lolol destroyed the _Chunky Yogurt_

[@krisb33333]

Peter, I always enjoy your podcasts. I wanted to ask for your thoughts on 'Natural Monopolies' Here in London, what is becoming more and more common is the '£5k club' where people spend over £5,000 per year just to get to and from work via trains. Each private train company operates certain train lines we are left with what we consider the most expensive and worst train service in the world. If someone wants to travel from London to another city and back, it can often be closer to £200 per ticket. Do you think in certain scenarios such as this, the government should step in?

[@Gilmourist]

The point made at 21:45 was a GREAT point !! this point needs to be made more often! This idea that spending money on dumb shit is what builds this country's wealth is just the idea our government adopts.

[@jmctigret]

There were lot of write offs with the high taxes back then...after write off they paid 50% and only about 3000 people in U.S was under the 91%

[@EricSmyth4Christ]

If the private sector made roads today, there would be competition for who got the privilege to pave them, as they would be paved with advertisements

[@rickmalone270]

Cenk is a perfect example of the Dunning-Kruger effect.

[@LeonVanDyk]

masterfully argued!

[@petersintic2021]

Awesome! ! ! By the way - your assessment of government's delivery of health care is 100% accurate. I have extensive experience with health care in Canada and it is garbage. I wish we had free market healthcare :(

[@theblackharted]

Must have been saying Cenk Uygurs name wrong for the original recording because its obviously re-inserted throughout the podcast haha

[@forresthurlbut8266]

im confused why the 1950s was so good if the tax was 91%

[@Monopolist91]

Would love to see Peter collaborate and have a discussion with Ben Shapiro!!