Nick Gillespie

Then, you know, the financial crisis hits large, I would argue, is largely because of government actions or is heavily abetted by government actions.

Then, you know, the financial crisis hits large, I would argue, is largely because of government actions or is heavily abetted by government actions.

This is, you know, public choice economics talks about how like we think people want to think of the government as acting somehow differently than the private sector, but it's oftentimes completely captured. by the interest that it's supposed to regulate, or it is also just trying to build its own empire. So it's going to try and regulate more and more stuff.

This is, you know, public choice economics talks about how like we think people want to think of the government as acting somehow differently than the private sector, but it's oftentimes completely captured. by the interest that it's supposed to regulate, or it is also just trying to build its own empire. So it's going to try and regulate more and more stuff.

Not necessarily remove it completely, but minimize its attempt to rig the system in favor of particular outcomes, whether that's for the little guy or the big guy or whatever. And let the natural order.

Not necessarily remove it completely, but minimize its attempt to rig the system in favor of particular outcomes, whether that's for the little guy or the big guy or whatever. And let the natural order.

Yeah, I don't. And I say this again, this is coming from my father was born in Hell's Kitchen in the 1920s. He did okay. I did much better than him. But what I'm getting at is the idea that I actually think that capitalism offers more opportunities specifically for people to rise up from the lower classes and the middle classes.

Yeah, I don't. And I say this again, this is coming from my father was born in Hell's Kitchen in the 1920s. He did okay. I did much better than him. But what I'm getting at is the idea that I actually think that capitalism offers more opportunities specifically for people to rise up from the lower classes and the middle classes.

Yeah. Or like a super regulated market where you're only getting into schools because of what family you come from and all of this kind of stuff. Right.

Yeah. Or like a super regulated market where you're only getting into schools because of what family you come from and all of this kind of stuff. Right.

Absolutely. No. And nothing is perfect, right? Nothing is perfect. But we came out of the financial crisis with, oh, now we know we're not going to do anything too big to fail, right?

Absolutely. No. And nothing is perfect, right? Nothing is perfect. But we came out of the financial crisis with, oh, now we know we're not going to do anything too big to fail, right?

and it's like in fact the financial industry uh the financial sector is more um you know is more concentrated than it ever was and everybody in it knows that like oh no we're too big to fail which also means we can around and find out how that's right just watch us it is a very tricky thing and once you start thinking like okay the government can control stuff and make good outcomes like it it does until you know you realize oh this was a big catastrophe

and it's like in fact the financial industry uh the financial sector is more um you know is more concentrated than it ever was and everybody in it knows that like oh no we're too big to fail which also means we can around and find out how that's right just watch us it is a very tricky thing and once you start thinking like okay the government can control stuff and make good outcomes like it it does until you know you realize oh this was a big catastrophe

And I think with something like the COVID stuff, when we're talking about it, there's economic issues which are worth talking about. And I think the massive increasing and extending of unemployment benefits was really bad. And it's generated so much debt. That's not going away, even if the annual GDP growth is increasing and things like that.

And I think with something like the COVID stuff, when we're talking about it, there's economic issues which are worth talking about. And I think the massive increasing and extending of unemployment benefits was really bad. And it's generated so much debt. That's not going away, even if the annual GDP growth is increasing and things like that.

There were so many interventions into the economy where if the government had done smaller targeted things for shorter times, I think we would be better off.

There were so many interventions into the economy where if the government had done smaller targeted things for shorter times, I think we would be better off.

Well, this is not an extreme philosophy and it is not a fringe philosophy. It is most people- Although can be exploited as such by people. Oh yeah, totally. And it can be vilified wrongly and it can be taken in bizarre directions and stuff. But basically what you're talking about is you want to live in a world where you can figure out who you are and build the world that you want to live in.

Well, this is not an extreme philosophy and it is not a fringe philosophy. It is most people- Although can be exploited as such by people. Oh yeah, totally. And it can be vilified wrongly and it can be taken in bizarre directions and stuff. But basically what you're talking about is you want to live in a world where you can figure out who you are and build the world that you want to live in.