Thimas Sowell and hus warnings have been damn near prophetic. What's truly tragic is people will listen to mindless immoral godless "celebrities" every word, but they wouldn't listen to Dr.Sowell if they were paid to listen. It's sad.
Do are tax $ give a good return to American citizens? President Trump pointed out that united states tax it's population to send $ over seas . Does this benefit the American citizens?
There is an argument that it indirectly benefits US citizens by promoting stability, a pressure release valve making the US safer. I haven't seen a lot of evidence of it. I also have seen US aid get diverted from those in need to local corrupt powers that be. Thomas Jefferson was on the right track - "peace, commerce, and honest friendship with all nations-entangling alliances with none."
There is Non-sense here: Sowell rejects the discrimination that African-Americans & their politicians claim exists in USA. But insists that it exists in India. This is BS. Wrongly quoting Caste system for political gain is the real issue. All Indians insist on caste system only for marriages and Not for commercial day to day dealings. I am aware of a Hindu girl eloping with a guy outside her caste. Her parents got a sympathetic cop to help them kidnap their daughter back and later married her to a christion family who continue with their caste system. Religion is different but caste continues.
Imagine what things would be like if we hadn't done precisely the opposite of this man's advice. That would be a country I'm truly proud of and a future I'm excited for. My hope is that when we reach a point where the gig is finally up and our taxes can no longer pay for even the minimum payments on our national debt and the spenders hit a wall we will have enough people to eliminate government spending and create a negative income tax. Just maybe when it's the only choice we can afford it's the choice we will make. That time is coming soon. Tell anybody who will listen about Milton Friedman and smart economics.
I don’t understand why they had to make it all about race right out of there gate. I thought I was watching something from normal times…but it’s just like today! Luckily Sowell goes beyond race and focuses on merit, excellence and responsibility. Things that truly matter and make a difference
I love Thomas Sowell. His down to earth logical ideas have helped me greatly over the years. All politicians should have to learn from Thomas Sowell and all people should be aware of his teaching. He is a rare diamond in a field of dust!
How does debt shrink the money supply? You are taking out money that would ordinarily be invested into the economy (which would end up buying capital goods) and you end up investing that money in government spending, most of which goes towards govt. Employees or welfare. So you are turning money that would be invested into money that will be spent by its recipients (govt. Workers and welfare recipients). Inflation is in its effect the reduction of purchasing power of the currency, and you actively cause that when you turn investment money into consumer spending. The only way (in my opinion) for debt to reduce money supply would be if the treasury stockpiled all the money it borrowed. Even if my assumptions about debt spending creating more consumer spending is wrong, the only thing debt spending does is move a bunch of money around. How does this reduce the money supply?
At about 21 minutes in, Rose tries to paint it as a conspiracy theory that all these people in different influential positions should reach the same wrong conclusions. Not only does Sowell's work--particularly his trilogy on the subject--explain why it isn't a conspiracy, but if you are more interested in the dynamics, watch Tucker Carlson's interview with Curtis Yarvin where he explains the idea of.what he calls the cathedral. If you combine Yarvin and Sowell you get a comprehensive understanding of the subject. Throw in James Lindsay's thorough deep dive into the specifics of leftist ideology--particularly in education and "theory"--and you will have the complete picture.
The only miss that ocurred was around 20:00 when he says that the difference in result is to be explained culturually. It is important to mention that in the case of gender (men and women) the differences are primarily explained by biology as the root reason, and this question (cultural or biological) is perhaps the biggest question today in politics.
Friedman once made an astute observation about the cultural component of an economy. Responding to someone who said, look how the Swedes are among the richest of peoples under socialism. Friedman said, yes, and Swedish-Americans are among the richest in capitalist America. In other words, certain cultures can succeed despite the drag of socialist policies, viz those with a historical work ethic and relatively honest government, such as northern European Protestant societies and east Asian societies.
11:55 There's a three-word lexicon that explains the tax economy: need, greed and compassion. Need now means wanting someone else's money, greed means wanting to keep your own and compassion is the sentiment of the politician who wants to arrange the transfer.
Thomas Sowell is full of crap… he hasn’t looked very hard my new white school districts today gets all the resources a community with 40,00 people median income of 82,000 my new community had 2 new school built an overhaul of all 8 schools new businesses new roads and bridges…my old black community 50 yrs ago hasn’t had no schools built in 50 yrs same size sqmi community impoverished median income of 19,000 no businesses no infrastructure only closed schools
My deepest respect for mr Sowell . May god bless him and his ! A true scholar and a gentleman . Sincere thanks for uploading this and subbed to the channel . Looking forward to listening to more of your content
I skipped so many chapters on audible then returned it because if u read broken money (if not u should). It's the same but better and updated. Which isn't the author's fault since he wrote this first. But it might save u some time.
The 3 questions which always dismantle the Collectivists aka Democrats aka Progressives; 1. What is the alternative? 2. How much does it cost? 3. What are the results? Thomas Sowell says he learned these 3 from Milton Friedman.
As someone who started teaching 6 months ago and just resigned last week, I agree with Thomas Sowell, but his view is a little outdated. For instance, he trusts that parents today are good enough judges for their children’s education. Many parents are actually the ones who want their children to be passed along and will bully schools into lowering standards. However, I theorize that this is the case because the parents today are products of everything Sowell was pointing out in these videos. Education in America is broken.
Well.. Yes - if we did not have social programs people would not depend on them... they would be more poor and starving ... to d......... they could not even afford to go to the doctor... ... Compare Nordic countries ( with generous social benefits ) and the US ? Which country has more poverty and crime ?
I would look at the latest crime numbers in Sweden, I would also watch Johan Norberg's videos on this channel who is well informed on why the nordic nations were able to afford these programs for a limited time.
@@BasicEconomics So far All nordic countries have much lower crime rate - poverty rate despite generous welfare programs and single mothers etc .. These are the facts documented in reliable recourses ..
