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A lot of people who are doing well had worked hard and have succeeded economically they what it themselves want medicaid or food stamps and i can understand that but how about the environment i wake up and i look and its kind of foggy. Uld and there were certain smells around the place. And sometimes my eyes woulding i stink if i was in west lake. This is a Chemical Center very proud to say it was the buckle of Americas Energy belt more companies being lured in incentive money in order to use the cheap natural gas produced by fracking. There was something in the air. Look at people were drinki...

Fabulous book. Guest thank you. Host ive known Alan Greenspan for many, many years, and we worked together closely when i was his vice chair, and hes a complicated man, and these were complicated times, and i think you got it about right. But lets start at the beginning. You wrote interestingly about the influence of his parents. Could you talk a little bitt about that on his career choices . Guest yeah. Alan greenspan had an unusual upbringing in the sense that raised in the 1930s, he was the child of a single mom. His father left his mother when alan was only 3 and then was this sort of dist...

Fabulous book. Guest thank you. Host ive known Alan Greenspan for many, many years, and we worked together closely when i was his vice chair, and hes a complicated man, and these were complicated times, and i think you got it about right. But lets start at the beginning. You wrote interestingly about the influence of his parents. Could you talk a little bitt about that on his career choices . Guest yeah. Alan greenspan had an unusual upbringing in the sense that raised in the 1930s, he was the child of a single mom. His father left his mother when alan was only 3 and then was this sort of dist...

In your book, you write that the risk capitalism is so ancient that they likely predate even language in the development of civilization. Well, yes. People have been exchanging goods and services for a long time and people have been making things they will exchange and other things. That is what market capitalism is about. Its about voluntary exchange between two individuals or a group of individuals and so i was say market capitalism, fundamental aspect of voluntary exchange for everybody is better off predates the roots of anything else can certainly press government clears close go would yo...

Economy, and defending liberty and, professor, in your book, you write that the roots of capitalismen ancient. So ancient in fact they likely predate language in the development of civilization . Yes, i mean, people have been exchanging goods and services for a long time. And people have been making things that theyve then exchange for other things that other people have and so thats really what market capitalism is about. Its really about voluntary exchange between two individuals, or a group of individuals, and so, i would say that market caps is a fundamentalal aspect of it, a system of vol...