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to keep us happy. but we are all going to be richer. john: and say that they pay for themselves, but they don't. >> time after time they said that they would get revenue and it didn't happen. >> i think the thing that it has been studied so much. john: economist like you have explained it. they have eight home games a year. >> that is not a positive comment. that is saying that they are being placated. >> i think that sports are
the currency has lost its value. it takes $23 to buy today what 1 dollar could back in 1913. john: and had to go all the way back, paul krugman would tell you that inflation is 2%. but this isn't a big mystery. they started paying interest on the extra reserves. if that actually gets went out, then we will see higher prices. >> it is a serious issue. you can get a return on your money anymore for savings. that is precisely what we are discouraging. john: let's go back to the rome
washington. that is one of the reasons that is the great thing about america. the federal government did not create this with the state. >> reaction that they had to collecting the taxes was tax farmers. it was so bad that in one revolt -- john: we do nothis on the show. >> it was a 40 year war. but it was clearly a serious tax revolt. >> to your point, when you asked me what 1% was, when we created the federal income tax back in
some people are eager to turn a profit even on blessings from the gods. it urges us to set a limit. >> i hate when people use greed to explain something. it is constant and always there. it doesn't work like that. john: one solution some people say what the government playing with the currency. it didn't really work. >> the problem is for the libertarian audience, how many of you own gold? either actual gold or investment. just about everybody.
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when inflation comes, then what will the government do? ronin issued wage and price controls. >> the united states government has are redundant. a decade of high inflation in the 1970s and price control under nixon. nixon was kind of a softy compared to the roman emperors. he made it punishable by death. the products not coming together. john: and they would let you change jobs either. constantine said anyone who violates this may be bound with chains and reduced to eight servitude condition.
the arrogance of executive power taking over our country. but i do think we have a chance to stop it. >> i believe that their similarities with the fall of rome and the republic they are in engagement of political leaders and so on. i see some of that. john: corruption, etc.? >> it is sort of under the table corruption. but it doesn't bother me as much as the over things. for instance, the roman constitution had a to permit limited to one year and people just kept voting for this unconstitutional leader. john: now we have congress passing laws that haven't read. >> that's right, we had presidents of both parties saying that i am not for certain
>> that but social awkwardness is not a sin in defense of liberty. john: i am socially awkward as well. i overcome it if i have to. but what is it about many of the people who like to analyze the opposite? is a personality type? >> economists would argue that everything we do when we fight for freedom and show up at rallies, when we care about the future of our country, economists will say that is irrational. the we happen to think it is the best thing to do because we care not only about our country, but her future, our kids future, that is not normal in this country. that is what we have to face. >> it is part of our culture and part of our entrepreneurs.
and steve moore is with us from "the wall street journal." so rome had high tax rates? >> not always. efforts were about 400 years they had no real direct internal taxes. because they looted their neighbors. john: we are not advocating that. [laughter] >> even that wasn't enough. so they had dramatically higher taxes. taxes started with tariffs. constantine had the first one. property taxes, people were actually abandoning their
>> it was one in a long succession. john: and equates the use those of you that don't know, an internet form of currency that is limiting protection against devaluing dollars. >> it is a currency for the digital age. >> the most plausible things will they allow me to extend of anyone in the world in central africa even if you don't have the ability to exchange the money. no, that won't happen. john: on that note, thank you both. coming up, roman emperors spent