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You for coming on to discuss monopolies suck. Its a very timely book because the issues you write about in the book, the power of dominant companies in the u. S. Economy and the impact on workers and consumers and citizens is really a very hot topic in economics and policy making right now. And we will see but could play a big role in the incoming Biden Administration. So i thought we should begin with sort of the big picture about, that you lay out in the book. I think when people hear the title they might say of course, no one likes monopolies, no one likes dealing with monopolies. The relig...

But brad, welcome, its good to see you again. Great to see you. Thanks for having me. I wonder as a tech investor what you make of the nasdaq and that sector the last few days. Is it a simple correction or something more you probably saw last night i tweeted, pullback . What pullback . Precovid the multiple on the soft way growth index was about ten times sales it peaked about a week ago today were at 13 time sales were still 30 higher valuationses in software than we were before the paechbd. The same is true for growth internet precovid about 23 times next years ebitda. We peaked at about 35 ...

Blew up in a few people make billions and billions of dollars because they cooked the books and they grabbed all that cash and we had cars reports said you know what this exact same thing is going to happen again in 10 to 12 years and guess what here we are 12 years later and stacey and it continues to happen the last time in the 2007 to 2008 financial crisis we had cd those collateralized debt obligations and Mortgage Backed securities and credit default swaps and these things and then lo and behold the Global Financial system collapsed and lo and behold our Central Banks that done with a lot...

And remember how the wall street people were you know conspiring and then it all blew up in a few people make billions and billions of dollars because they cooked the books and they grabbed all that cash and we had cars reports said you know what this exact same thing is going to happen again in 10 to 12 years and guess what here we are 12 years later and stacey and it continues to happen the last time in the 2007 to 2008 financial crisis we had a cd those collateralized debt obligations and Mortgage Backed securities and credit default swaps and these things and then lo and behold the Global ...

Usual bag of tricks that back in 2008 Global Financial crisis and remember that movie the big short and remember i was obvious that everything was going to blow up and remember how the wall street people were you know conspiring and then it all blew up in a few people make billions and billions of dollars because they cooked the books and they grabbed all that cash and we had cars reports said you know what this exact same thing is going to happen again in 10 to 12 years and guess what here we are 12 years later and they said and it continues to happen the last time in the 2007 to 2008 financi...