Dr. Larry Schweikart

Is there a place where we can live?

Once the whole body of people—remember, more than half of these people

travelers who came to america we all call them the pilgrims but more than half of them were not separatists they were just others who wanted to come over and they were known by the term strangers and they fished and they hunted and they gathered and they did whatever they could to stay alive for those weeks it's quite amazing um odette will take us out one of my favorite songs what a beautiful voice from 1959 the battle hymn of the republic and

Written titles and deeds.

And that's so important.

There's parts of Africa to this day that do not deal in written titles and deeds.

It is a key aspect.

of economic growth, because if you want to use, you know, there's there's a guy named who did the book The Mystery of Capital.

OK, I'm forgetting his name right now.

But anyway, he did this book, The Mystery of Capital, and he looked at what was missing in all of these nations that have some form of capitalism, but they're still extremely poor.

And one of the leading elements is that many of them still do not have written titles and deeds.

So if you want to grow your business and get a loan from a bank,

You're going to have to put up collateral.

And when you put up collateral, you're going to have to have written titles and deeds to whether it's your house or your car, whatever else it is that's securing that loan.

If countries don't have that, and Hernando De Soto, I think, is the guy who wrote Mystery Capital.

He looked at several of these regions, and they don't have that.

And it would take between 150 steps just to get something registered.

I mean, I filled out a car registration yesterday in 10 minutes.

So this is a very important key element of America's past that we just glide by because it's so common to all of us these days.

But there's parts of the world still struggling with this.