Jared Kushner

It was people coming in to

know show gratitude for the freedoms and liberties that they enjoyed and then you know you know do their best to kind of you know help others have those same opportunities that they had and then they'd go back and live their lives and so um so i think that there's a lot of opportunity with our government of people with more business mindsets who are going to think about things from a solutions perspective go and serve is that

So we don't have enough time on this podcast to go into it, but it's... Look, there's a lot of aspects that work as well, right?

But I do think we've gotten too big.

You know, Neil's book that you mentioned, you know, one of the things that I took from that, I read it, I think, in 2012, right kind of in the middle of the great financial crisis was...

He was talking about how government regulation often was put in place to deal with old crises, right?

So it was never going to solve future problems.

It was more to kind of create, to solve for problems that had happened in the past.

And I remember thinking about that.

One thing I was very proud of, of the work of the Trump administration was that you had four years consecutively where there was a net decrease in the cost of regulations, right?

So to give you a context, in the last year of Obama in 2016, there were 6 million man hours spent by the private sector complying with new federal regulations.

And that's not really what the intent of our government was, right?

If we have rules or regulations, those should be legislated by Congress.

They shouldn't be put in by bureaucrats who are basically saying, I want to follow this objective.

So using kind of the power of the pen in order to do that.

So the deregulatory effort

was actually very critical to Trump's economic success that happened at the beginning of the administration.

And then what I saw with regulation was anytime either there was legislation or regulation coming, the people pushing for it were usually the people who would benefit from the regulatory captures.

You had these, you know, you look at, you know, the great financial crisis where you had this big banking reforms.

Well, what happened during the big banking reforms?