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>> right on your phone. to get that through the agency took two and a half years and cost them hundreds of thousands of dollars. all the while it could have been in use and ultimately it was approved. it is that kind of delay and multiple inquiries coming from the agency on ridiculous things many times that really hurts the american public. >> john: and there is a bias in the reporting and we in the media mess this up because if something does go wrong we make a huge story about it and your fellow lawyers get rich suing a company that made a mistake. but when they delay it for two and a half y...

Paying. at virginia tech they advertise dining hall serves lobster and london broil. at arizona state they brag about their two 20,000-foot community center with a movie theater and pools. colleges have become country clubs because we are too generous with taxpayer money. >> well, okay, fair enough. but we don't want the other side to happen, right. we don't want it only to be the super affluent kids affording those schools. work hard, pay your debts responsibly. >> john: pay your debts responsibly. >> and maybe we will reward you by giving a little help along the way. >> john: the reward come...

>> listen, cheerly individual responsibility is an important value here in kids and you will notice i'm not coming out to forgive every single nickel of student loans. i think we need to take a new look at this thing. >> john: i propose the opposite of that as a new look. how about saying we have been loaning all of these kids money, many shouldn't even be in college because we loaned this money college costs are way up. in fact, we have a graph of that. because of all these government handouts and easy loans, the cost of college has gone up at four times the rate of inflation. we complain abo...

To the extent they adopt free market capitalism which they are moving toward they he will find ways to create more resources around get more out of existing resources. i have no doubt that resource supplies in the secular trend will be upward over the next few decades, centuries. >> i think you are betting on a technology god. it may have happened in the past. >> john: technology god. i like that. >> i'm betting on human ingenuity. >> where that's been the last 12 years? you are saying there is growth. where is the growth in the u.s. economy when we have 9.1% unemployment. >> this is a recessi...

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 ou...