Thomas Sowell - Obama's Economic Policy

[@GNHawkBA23]

I love how he started out as a Marxist but changed. This shows that he was well educated and really understood what he was be taught. I've been watching videos of Thomas Sowell and Dr. Ben Carson for the past couple hours. These guys are amazing!

[@Zorro9129]

I've heard of a lot of people who were originally Marxists becoming anti-communist activists, but never anyone who was a free-market advocate becoming a Marxist. That fact shows a lot.

[@nicolast.davinci1561]

@@Zorro9129 you are so right! I was a Marxist in my 20s, then became more of a socialist with moderate views. I am in my 60s. After working 40 years, reading close to 2,000 books and having raised a family, I am a moderate with some conservative views. I have seen others travel a similar path like myself, but like you mentioned, I do not know of any case of a Conservative in their youth becoming a Marxist later in life. You are correct, it is an important fact which clearly demonstrates that wisdom, experience and knowledge wins out in many cases and people understand the hidden dangers of socialism. It comes to us like the apple in the story of Snow White - all pretty, shiny and delicious on the outside, but inside is hidden a deadly poison.

[@actualideas8078]

Joe maybe you should listen to me, i was taught Marxism by the public school system and grew up with Liberal parents and i was NEVER a Marxist. I guess im smarter than Thomas Sowell...

[@actualideas8078]

Zorro9129 haha yeah once people finally understand Free Market (which requires an epiphany in many cases), you can never unlearn it. Most people think that Government “produces” stuff like Welfare and Health Care lol

[@actualideas8078]

Nick Filazzola socialism is a conversation i will have, as long as we agree to have ZERO IMMIGRATION (that includes zero “legal” immigration too... thanks LBJ). Im only 27. Maybe society is progressing, but i could tell that Communism was stupid since 5th grade. And i didnt have any Conservatives holding my hand. I can also do Calculus so maybe that helps in understanding economics

[@LittleHatori]

@5:02 "Surrounding yourself with highly intelligent ppl is no guarantee of anything. Except in some cases the Brilliant ways for rationalizing the reasons for failure."

[@LittleHatori]

@@ariesmusa2709 agreed. Someone uploaded the entire basic economics book on KZbin. So I'm working thru that. Might be my second favoritie book after Mere Christianity by Lewis.

[@gatsbylight4766]

And surrounding yourself with highly intelligent doctors is no guarantee that you'll live through the surgery. Yeah, so? That is a _clever-ism_ that Mr. Sowell employs often. It's such an obvious, and unintelligent, premise which if said in a certain manner makes it _"sound"_ intelligent. So, what's the alternative - surround yourself with *un* intelligent people? Surround yourself with no one?! The *reality* is that you have a significantly and statistically better chance at a better outcome when you surround yourself with a team of intelligent people. If you're looking for _"guaranteed outcomes"_ , you should examine your own intelligence - or lack thereof... There are no guaranteed outcomes.

[@TerryTateOfficeLinebacker760]

Gatsby Light I smell a strawman...

[@gitmehere1]

@@gatsbylight4766 You were just trying to be spiteful in your statement. He said exactly what you said using less words so apparently his intellect is far superior than yours. But you are probably busy huffing your own farts.

[@gatsbylight4766]

@@gitmehere1 - You misspelled a word. _'Accurate'_ is not spelled "s-p-i-t-e-f-u-l". And if you feel that Sowell _"said exactly what I said,"_ you may want to consider remedial reading comprehension. You are speaking from a place of emotion, clearly; not intellect.

[@petrolo72]

“In politics it matters not what the facts are, what matters is what the people believe”. 💯

[@BingChilingEnjoyer]

@The Big1 well, that leads to US nowadays. Appealing the masses

[@msi8311]

Because people vote on what they believe, and not on the basis of what the facts are. Probably most all people do this, left and right.

[@tgkramesh]

exactly what Socrates said indirectly about Democracy.

[@steve0281]

"Brilliant rationalizations for failure." That has to be one of my all-time favorite lines!

[@therealwilliam1776]

Sowell’s genuine laugh brings a smile to my face every time. This man is my hero.

[@marcusporciuscatotheyounge5795]

Sowell is thoughtful and relevant even today.

[@josifmaracine5526]

Watch Milton Feidman videos if you like Sowell, he almost discribes today's situation.

[@Frisbinator]

Josif Maracine I always felt that Friedman was better at responding to interviewers' questions and overall superior in the verbal category while his writing is not as easy to grasp for the layman. Sowell to me is the opposite , he is not quite as sharp verbally but is a phenomenal writer, i can't get enough of the refreshing things that he writes and how he communicates them.

[@flow8605]

Trenton Van Ooteghem I completely agree with your perspective! I currently have Milton Friedman's book Capitalism and Freedom and Thomas Sowell's Basic Economics, and I plan to read more of their works when I obtain the chance. Now, there are factors to include, such as Basic Economics having nearly three times as many pages to read and the overall message of that book (its name explains everything). However, with or without those two factors together, I still had a far easier understanding of Sowell's book than Friedman's, and I required myself to pay closer attention to Friedman's views in his writing. Hence, I agree that it's exceptionally easier to read Sowell's works.

[@matthewgillespie2835]

Every time I listen to a 6-7 minute clip of either Sowell or Friedman, the time goes by so fast.

[@kb4777]

The man is simply amazing, what a gift his mind is to the rest of us mortals.

[@espada9]

"Education is a weapon, whose effect depends on who holds it in his hands and at whom it is aimed." - Joseph Stalin

[@StreetFighter2010]

I hear you brother. I just got turned on to Dr. Sowell a short time ago. Now I can't get enough of his words and wisdom.

[@chippledon1]

"Most men, when bowled over by the truth, get up and brush themselves off just as if nothing had ever happened" - W Churchill. Dr. Sowell seems to be an exception!

[@kevinmcnamara8758]

what matters aren't what the facts are but what people believe - no truer words EVER SPOKEN, this man is required reading. Genius.

[@ReinoldFZ]

Dr. Sowell has such a vast intelligence prowess. Listening to him is noticeable not only natural gifts for intellectual work and a precise observation of reality, but also a discipline to study what I surmise have to be an horrendous number of works in his formative years.

[@dekubaner]

no one has commented here in a long time. it goes to tell you how things are out there.

[@LittleHatori]

I find a lot of these old school intellectual videos r quietly tucked in undisturbed cracks of KZbin. I have no idea how. KZbin shows ppl like crtv is popular. The algorithm KZbin has should be pushing these Sowell videos higher in ppl's feed!

[@gatsbylight4766]

_Or_ ... I'm guessing that enough people have become at least intelligent enough to know intellectual fakery when they see it. Nothing in this video but false ego run wild.

[@romancandlefight1144]

@@gatsbylight4766 were you preoccupied by your reflection in the screen?

[@gatsbylight4766]

@@romancandlefight1144 _"reflection in the screen?"_ *That's* the best you got: _"reflection in the screen?!?"_ Go ask your mommy to help you with this homework - then come back later when you've got something better than that. [I swear some of these young folk are gettin' stupider and more stupid with every generation.]

[@acropolisnow9466]

@@gatsbylight4766 You've got a bad case of Dunning-Kruger effect.

[@philipclock]

My hero!

[@tedoakley5600]

Dr Sowell might be the most profound thinker of the modern day. What he said about facts not mattering in politics, only what people believe is about as real and honest as it gets. Much respect to this brilliant man...oh and he needs to have a conversation with Jordan Peterson at somepoint!!!

[@judyarvy3702]

Why isn't MR. Thomas Sowell in office in government, we need him!

[@seibrav]

Seriously, I'm getting a tattoo of this guy on my shoulder. Love the man.

[@LAStreetPreacher]

Dr. Sowell is brilliant. I remember seeing him on the panel with the late Milton Friedman during his "Free To Choose" series during my college days.

[@boro4316]

The difference is 1 group wants to live off the toil of another group, by force if nessasary. That is the core problem of all things going on in the US and the world. The second is over-population of non-producing people.

[@imavileone7360]

Unaccountable private concentrations of power is Corporate tyranny.

[@williamhagen2792]

Sowell, the articulate genius.

[@johnc1014]

The only time the government should be involved at all is if people's rights are threatened.If someone tries to harm you, there's law enforcement and a judicial system to punish them.If an outside entity attacks America, the military defends the people.After that the government shouldn't be involved.If the Stock Market crashes, let it recover on it's own.If we are in a recession, let the free market fix it.Government, butt out!

[@nicholasjoost5111]

Exactly right. Right? I mean what you just said -- at least much of it if not all of it -- is the basis of American life. The idea of private property; the right to purchase land, not because it belongs to the government or some king or dictator. The idea that our freedom and rights are inseparable from our human nature. That our lives are shaped by our own choices -- whether we fuck up miserably or create a life better than we could have imagined. That's the trade off of our American civilization, or “the cost of freedom" some call it. Because the idea of a life of liberty, even if you fuck it up with poor choices, is infinitely more rewarding than living in the world of the anointed rulers.

[@JordanWindhamBenford]

My rules for how government should operate is asking 1. Does this law benefit an overwhelming majority of America? 2. Does this law prevent an injustice? 3. Does the benefit outweigh the cost? Let's take building roads. No matter who you are everyone benefits off of a road. Thus forth government intervention in roads and other public infrastructure is good. Welfare on the other hand only benefits a very select few people. Poverty is not any business of the government whatsoever in a free market society.

[@johnc1014]

Half-Nerd Half-Something Else "1. Does this law benefit an overwhelming majority of America? 2. Does this law prevent an injustice? 3. Does the benefit outweigh the cost?" 1) Benefiting the majority does not justify the harming of a few. If murdering you benefits everyone else, that still doesn't just murdering you because you still have the right to your own person. 2) It is just for people to own their person/property. Injustice would be to violate these basic rights of others. That would then be legitimate cause to raise legal action against them. 3) Benefit vs. cost doesn't concern me. I'm not even sure how that would be applied in a practical manner. . . . . "Let's take building roads. No matter who you are everyone benefits off of a road. Thus forth government intervention in roads and other public infrastructure is good." I disagree. Someone who stays at home and doesn't drive doesn't benefit from roads, though those people would be few in number. And, of course, not everyone benefits from all roads. A person in California may never have any benefit from a road in New York. No, the people who use the roads should pay for them themselves. A store wants customers to be able to get there. They can pay for the infrastructure around their locations. There are plenty of toll roads and private roads already. There are plenty of free market solutions to paying for infrastructure. Government doesn't, and shouldn't, get involved. By the way, private contractors already build the nation's infrastructure. It's just that government pays for it through tax dollars and is very wasteful and inefficient in accomplishing this task. Right now, our infrastructure is falling apart. I say to remove the middle-man and put it in the hands of private individuals. They would manage it far more cheaply and efficiently than government ever could. . . . . "Welfare on the other hand only benefits a very select few people. Poverty is not any business of the government whatsoever in a free market society." Here, we agree completely. Government shouldn't be involved. There are plenty of private organizations that already help the poor. Getting government out of the economy would lead to massive economic growth, thereby decreasing the number of poor people. Those remaining may seek voluntary assistance from those around them (family, friends, religious/secular charities, etc.)

[@JordanWindhamBenford]

John C Why I used roads as an example was to say that anybody can benefit off of it. Even if I never see a road it's a benefit to have it built if I ever had to go so far as to use it. Trucks also have to navigate to those roads to get goods and services to me. The road pays for itself no matter who pays for it. Welfare on the other hand only benefits the bottom rung of society. I would never use welfare and many people will live their entire lives and never know what a welfare application even looks like. When solving an injustice would fall under the lines of protecting the Constitution. Cost vs. Benefit is something that does matter in government policy. There's a reason we are hype to have a war in the middle East and not against North Korea. Merely transporting the troops would be a waste of time, energy, and tax dollars. Meanwhile infiltrating and occupying the Middle East is beneficial in its own way, notice how gas isn't $14 an hour.

[@chippledon1]

John C: People who don't drive and stay at home do benefit from roads. They're called ambulances! Fire trucks! Police arriving at a crime scene! Relatives visiting to care for you! etc...

[@boxcarent.3147]

An awesome genius.

[@maguilla]

Dr.Sowell brings the facts that’s the reason why I’m studying his writings

[@Trump145]

He said it all in a couple of sentences..... in politics what matters is not what the facts are, what matters is what people believe because people vote on the basis of what they believe and not on the basis of what the facts are.

[@omasombogrady514]

This man is really one of my heroes

[@EliezerTseytkin]

The man is simply brilliant.

[@shawnwall5]

People should be looking up to this guy as a role model.

[@alejandrocrespo7633]

Jesus, sowell is absolutely brilliant... keeping the milton friedman school of economic thought alive

[@speggeri90]

Please remember no blasphemy.

[@m0shene]

Great video. On a sidenote, can you please tell me from witch song did you take the intro and ending? Thank you.

[@ohbrother3792]

witch should be spelled w-h-i-c-h ..... just an FYI

[@m0shene]

@@ohbrother3792 OK.. thank you for the correction.. but I hope you realize most people are not native English speakers, right?

[@draskang]

How many times do we have to hear "our plan WOULD have helped if.." before we realize the plan was bad?

[@jakenicholaides3214]

WISDOM

[@edwardbenes5015]

" Brilliant rationalizations for failure " ... lol .... great quote - Thanks .

[@dipakmishra7699]

okay criticising hoover on hoovers institution! man got some guts

[@Takingthethem..]

And no Politicians listen to this great man

[@inachu]

Business during COVID cried for monetary support but when it came to their employees they were like, No they do not need that money at all.

[@neverstopgrowing728]

This man is a true gift. We need more men like him.

[@mepemcl]

And most importantly because he values freedom & individual liberty, and doesn't assume any government program will automatically (auto-magically) achieve its proposed goals without any trade-offs or cost

[@PhantasyGod]

@butte1 # Myron S. Scholes # Michael Spence # Milton Friedman # Lawrence R. Klein # Kenneth J. Arrow # James F. Buchanan # James A. Mirrlees # James J Heckman # John F. Nash # James Tobin # John R. Hicks # Joseph E Stiglitz # Jan Tinbergen # Harry M. Markowitz # Herbert A. Simon # George A. Akerlof # Gary S. Becker # Gerard Debreu # George J. Stigler # Gunnar Myrdal # Friedrich Von Hayek # Finn. E. Kydland # Franco Modigliani # Edmund S. Phelps # Edward C. Prescott # Douglass C. North

[@TornadoOfSouls777]

Dr. Sowell is a true American Treasure!

[@guy_bello]

How long is the full interview with this man sef??

[@zxcv73]

If Morgan Freeman were an economist.

[@Cornampoo]

@z4nizzle Is that so? I didn't know that. But don't you think Ron Paul's political views are closer to Sowell's than any other presidential candidate's? Or who would you vote for?

[@GMoolah0]

This guy is brilliant.

[@garymorrison4139]

If the anyone is unhappy watching other people go without it is a comfort to be reminded by Mr Sowell that starvation is one of the mechanisms of evolution for putting wealth at the command of rich who are chosen by nature to discipline the rest of us. Anyway his point is well taken, an unrestricted free market is the best way for guys in neck ties and taylored silk shirts to keep the rest of us in line.

[@TheDenseDonkey]

You sir, are absolutely correct!

[@51MontyPython]

This man is giving me a braingasm. I can't take this much common sense wisdom in just 6 1/2 minutes. It's just too much to handle.

[@LPFan33]

absolutely based

[@michaellyonn2384]

God bless Thomas Sowell

[@ASeventhSign]

It's like deja vu all over again.

[@Blogrich55]

Dr. Thomas Sowell is the man I personally wanted to be president. Yes, I am a Sowell man.

[@MrDanielfff777]

Great vid, thanks 😊

[@carld2796]

I love that music. Can anybody out there tell me what it is, please?

[@lightningchegg4823]

This is vital

[@harrisonmuecke6633]

Like I said... collectivism. Collectivism of any sort immediately turns blame into us vs. them, rather than me vs him, me vs society, or me vs myself.

[@AlexLopez-nj2sj]

I keep on laughing every time Thomas Sowell say crash. Great video though.

[@musickman01]

He makes too much sense! I didn't think people like this existed haha! I wish he would run for president

[@testmark1]

@Blogrich55 Interesting point. I'd have to look into it. But, I don't think you should think that what they say in college reflects the population's belief in general. The only purpose of university is to get at thinking critically about ideas as you encounter them in the future. Most of the concrete and direct abstract notions can be forgotten. What's important in the long run is that you learn how to research, develop an argument and persuade others.

[@flavadave3943]

Love this man

[@Myndir]

(1) If I remember correctly the US debt dropped very slightly in the later Clinton years. (2) Reagan's tax cuts didn't start the deficit rolling. They actually raised tax revenues due to the Laffer Curve. The problem was that Reagan was a big-government conservative who spent a LOT on arms, fighting the drugs trade and funding the drugs trade.

[@maxwell2231]

You can say “big-government Republican” but “big-government conservative” makes no sense whatsoever

[@UtopiaMinor666]

We need more experts within congress, and less lawyers.

[@ivancampbell8123]

No, what I wrote was that other countries like China, India, Brazil their workforce are well train and capable of doing high skill jobs for cheaper labor that will cost to produce or develop in the USA. therefore it an opportunity for americans companies to incrase their profit margin. Read about the company Apple case for example

[@EasyEs]

Well Social Security is already in place and Americans don't want single payer health care. They want lower prices on health care products and services. As to your first post. I am happy billionaires kept their money.. they don't just count it.. they invest it and it creates jobs. The problem comes when you can not control spending. Or you try and get money from rich people in ways other then taxes..like say forcing banks to give loans to bad credit risks..

[@1Victorinus]

I can assure you that everything that occurs to you has already occured to Dr. Sowell.

[@PravahanSalunke]

I tend to agree. In his words the unemployment rose after protectionism laws were passed during Hoover's term. Blaming Roosevelt then for creating the problem doesn't hold ground. He may say that FDR could have reduced unemployment by addressing the protectionism problem, but then that was pertinent to the politics of that time. FDR may have just done what was then politically agreeable and not suicidal. Similarly, Obama has done what was politically possible.

[@chemicalsweet13]

you're one of those people Sowell just spoke of, who create brilliant rationalizations for failure.

[@mouseman6942]

I'm not sure what you are talking about, and I don't think you do either! The main reason most highly skilled or highly educated workers are sent or seek work out of the country is because their skills are not available in some places. It is financially rewarding for those that go, but that type of outsourcing is miniscule compared to the low skilled, high output type of jobs that are needed to supply high demand products. Unions and the U.S. government helped send those jobs there. Agree?

[@leobenjamin6031]

No way that was 6 mins. wow!!

[@wargumbyx]

what people to this day fail to realize is that, the politicians in their ignorance didnt ignore smarter people, they knew exactly what would happen, knew it that was the result they wanted and went through with it

[@celtic4301]

I wish there was more elaboration. How does government intervention "increase" unemployment?

[@user-ep1et1pg8s]

Government intervention in tariffs increases the price of foreign goods by essentially adding a tax to the consumers, not the company importing goods. This tax is added costs per purchase of foreign goods. This makes domestic goods more price competetive to the domestic market, which Hoover thought allow domestic businesses to increase profit as they are chosen as the alternative, and they'd theoretically reinvest into more jobs, helping the unemployment. Catch 22 is that the other governments can simply do the exact same to the US in retaliation, creating a trade war, which makes the businesses less cost competetive in overseas markets, ie, the other 98% of the consumers. Applying a little bit of math, the additional fraction of the 2% of consumers you've just won over are a drop in the bucket to the 98% you've just lost, so ergo, you lose profitability, tighten the belt and increase unemployment. Yeah, but that's just a problem for businesses that actually export goods, right? No. Actually, they have it a bit easier due to economies of scale making each unit of input more cost effective making outputs more profitable. Cutting inputs doesn't quite impact them fully. It's small businesses that have to worry. The knock on effect of the unemployment means less people with money to buy your goods in the domestic market, and creates fear of job insecurity that incentives saving money rather than spending it. For businesses that break even or don't have tons of efficency, which is most businesses, (edit: this is a very big problem, you have to cut back yourself or simply go out of business) which feeds into the issue and uh oh, you've got a big sad.

[@eustacebagge3869]

@@user-ep1et1pg8s brilliant explanation, ty

[@Domasiukas]

I need his timeline of the crisis written out with proof. The story brings a whole new perspective on my economic education of 1930s. But I am skeptical of its reliability.

[@IntronDepot1]

"correlation does not imply causation. " I never thought i'd hear these words applied in such a stupid way. You do realize what that means right? That correlations in things do not not necessarily mean one causes the other. What Mr. Sowell was trying to say is that the Obama administration is taking advantage of the economic crises in the US right now to push for their brand of political control, while the American people are worried and hungry for some kind of solution.

[@ivancampbell8123]

The percentage of workers belonging to a union (or "density") in the United States peaked in 1954 at almost 35% and the total number of union members peaked in 1979 at an estimated 21.0 million. Membership has declined since (currently 14.8 million and 12% of the labor force[2]). Private sector union membership then began a steady decline that continues into the 2010s, but the membership of public sector unions grew steadily (now 37%).[6]

[@z4nizzle]

@Cornampoo They actually disagree on foreign policy, notably Iran.

[@jeronimotamayolopera4834]

HEIL THOMAS SOWELL.

[@pieter0kirsten]

Can we not learn from the mistakes and experience of others?

[@dignerds]

everyone starts to sound crazy,even you,with your superior youtube intellect.

This is so true, in 1945 the Attlee government was elected in the UK and Churchill said they would need a gestapo like organization to pull off their nationalization policies. But in actual fact they did have it, thanks to WWII the government already had emergency powers, and so had that gestapo type organization to do what they did which in retrospect was enormous harm, as things like the NHS have taken on religious like status, despite being total failures. Yet they kicked out of office by the people that you think benefited the most the working class but the real beneficiaries were the bureaucrats they got to run the show and the working class who were fed up with austerity, because at least the then socialists did believe in balanced budgets so the working had to do without their pre-war luxuries, yet the following Tory government didn't reverse the policies for fear of losing future elections,. its a conundrum that plagues the UK to this day, the working class want freedom to spend their own money and have someone else pay for their health care, the bureaucrats pretend they can have it.

[@Vodka2389]

GWB was a big government guy, while Clinton was restrained by a Republican congress. The Clinton era was more to the right when it came to public policy than the GWB era.

[@connyherno5564]

i also like Adam Smith he was the first :D

[@imavileone7360]

Adam Smith was an anti-capitalist, and would be a Marxist if he was alive today.

[@eustacebagge3869]

@@imavileone7360 this is so not true. he is all about individualism, and that individual effort is always for the good, and in the case it isnt, it will be punished by the people around him. Of course, read his books if you want the insight.

[@Acordabostilento]

Tradução em português

[@Contra7311]

Buena suerte con eso

[@qeoo6578]

MR. BARITONE.

[@jeffiek]

"unrestricted free market " There is no such thing. There may in the future be markets unrestricted by men with weapons ( a.k.a. government ), but that is not the same as unrestricted. There are an immense amount of restrictions in the free market. 1) You can't threaten your customers with weapons 2) You can't drag them into your store. 3) You can't send your product to Bill and the bill to Sally 4) You actually have to have a product. Oh, hell, books have been written on the restrictions.

[@mouseman6942]

It has to be political. The government is responsible for businesses leaving the U.S.. Politicians are the ones who make the regulations and set the tax structure for business to operate under. If the regulations were sensible and the corporate tax rates favored the business community, they wouldn't go anywhere to build products and hide money! The government that keeps taxes high and over-regulates businesses can expect to have jobs leaving for those countries that are more business friendly.

[@fzqlcs]

@NavarroAdam2 obviously, you got the government school version of the Great Depression. Try reading Murray Rothbard's book.

[@mouseman6942]

Mainly the clothing business has squatters rights in Asian countries and some sub-third world countries, but this stuff has been going on for years. Hard core, popular business brands like Lauren, Nautica, Brooks Bros. etc., have been in the far east as long as they have been in business. The American clothing business is gone compared to 35 years ago and cheap labor is one of the main factors. What you leave out, is those type of businesses were never skilled, high paying job in this country.

[@CGPDTrio]

@wahr1 yeah cause military spending is the only spending problem we face give me a break

[@rory2558]

national treasure

[@usnate1]

CONTD: Its human nature to do what your parents did regardless of race. Its also human nature to take something free that will support your family, especially when you haven't gotten the skills to make more money with a job. Welfare in this country..just housing and food(not even including Medical) is a substantial living when compared to other nations. We don't have epidemic levels of hunger in the U.S...Obviously we have some, but its laughable compared to Easter Europe or Africa.

[@Rob-fx2dw]

You could never had him as President - you have to be joking !! - He is too smart - he would make most of the politicians in congress look as stupid as they are !!

[@terryogletree2128]

This man is too smart to want to be president

[@larkydozer]

And putting words into your debate opponents mouth is a sure sign of dishonesty in the process of open inquiry.

[@EarlRegent]

@pretorious700 Absolutely right! Thankfully, people as strong and enlightened as Sowell don't give a rat's behind what these small minded people think.

[@pretorious700]

@Blogrich55 Actually, dismissing any black man who doesn't think as he's "supposed to" is racist in itself.

[@mouseman6942]

Well, I finally got you to agree with me!! Where are you from?? Have a good day!

[@roguedrones]

In politics what matters is what people believe, not what the facts are. people vote on what they believe. Case in point, the communists would not have been able to defeat the Nazi's if they moved democratically.

[@vladislavbogorov9922]

roguedrones The communists killed about 150 million people, the Nazi - about 20 million. Source: Rummel, Death by Government. The other sources, like the Black Book of Communism, give smaller numbers, but they are all unanimous that the communists were much more deadly than the nazi. So what is your point?

[@roguedrones]

...but point out that many of those bolsheviks were jews who hated christians (russians too!) then you're a nazi. Go figure.

[@larkydozer]

If you don't think Ron Paul's foreign policy view is profoundly confused, then you must have not read enough of Sowell. All of this would be well know to you had you done so. Again, to repeat my statement for the final time... Sowell wouldn't waste time talking about THE BILDERBERG GROUP because they don't merit discussion.

[@brucec43]

Smoot Hawley destroyed the US economy in 1930 because, at the time, the US was the biggest exporter in the world. That is not the case today, nor did they have globalism to deal with then. As the biggest customer for imported goods in the world today, we call the shots. Tariffs hurt exporters. We're not net exporters now, by a long shot.

[@Cornampoo]

@Blogrich55 vote for Ron Paul 2012. His views are almost identical.

[@ivancampbell8123]

Some of the things that U mention are true but the reality is that coporations are looking for ways to save cost in developing a product or providing a service that is one ot he most articulate ways that companies can predict profits. I know that govnerment over regulated in a lot of areas the Financial industry, in manucatured becuase EPA but that it is not the main reason why some companies left the country it was becuase the cost to ptoduce a product or a service

[@Ezekial88]

Why is it we still haven't been able to reach these political pundits and change the main thought and theory of economic away from broken windowed keynesian back to the free markets and teachings of Adam Smith which allowed us to prosper and become so great