Rand Paul

I need $3,000 a month to keep the place up.

So what happens is the apartments go into ruin and also there's a shortage.

You need money and you need big people with money to build apartment complexes, particularly in New York where you got to tear something down and build something new.

I'm not doing it if you're going to tell me what my rent's going to be.

So socialism doesn't work.

And the one thing people don't understand about it because they fear somebody being ripped off and how expensive something is, is there was an economist, Joseph Schumpeter, and he put it this way.

He said the miracle of capitalism is not that the queen can buy silk stockings, but the factory girl can.

But in the beginning, the first person, the only person to buy them will be queens and kings and rich people.

So the story of calculators, my dad had a calculator.

He was a doctor and we were well-to-do.

We weren't extraordinarily rich but well-to-do.

He had a calculator for 300 bucks in the 1970s.

All it could do is add, subtract and multiply and it was about this thick and this big.

But you can go tour a condo and pretend to buy a condo, and the real estate agent will give you a calculator now.

But in the beginning, only rich people got them.

But if you forbid rich people from getting them at a high price, the only way it gets to a low price, like Tesla started with more expensive cars at a high price, they're coming down, but they only come down because rich people bought them first.

So we can never be of the notion that we're going to make things better by preventing prices from being too high in something.

It's how products get started.

So the queen may have bought the first silk stockings, but eventually capitalism brings the price down enough that you have mass distribution and actually a factory girl can buy them.

I think the first thing to acknowledge is both parties are equally guilty.