The Case For Economic Freedom

Thursday, September 3, 2020
Hoover Institution

The Hoover Institution presents an online virtual speaker series based on the scholarly research and commentary written by Hoover fellows participating in the Human Prosperity Project on Socialism and Free-Market Capitalism. This project objectively investigates the historical record to assess the consequences for human welfare, individual liberty, and interactions between nations of various economic systems ranging from pure socialism to free-market capitalism. Each session will include thoughtful and informed analysis from our top scholars.

FEATURING
George P. Shultz has had a distinguished career in government, in academia, and in the world of business. He is one of two individuals who have held four different federal cabinet posts; he has taught at three of this country’s great universities; and for eight years he was president of a major engineering and construction company.

John B. Taylor is the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University. He chairs the Hoover Working Group on Economic Policy and is director of Stanford’s Introductory Economics Center.

MODERATED BY

[dmcorcoran]

Wow almost a 100 yrs old and can still add value to open ideas, concepts, and solutions! George is my hero and is awesome example of health ..thanks guys. Truthfully why would I work harder to pay for lazy people, and people who won't take care of their health and think pills are their solutions. We already have welfare communities, cities, and states.. 😥😥😥

[jesusmysavior]

Always look forward for the new postings with gratitude, thank you, hope more people become regular audiences.

[tntramzy]

I just need to hear the vibrations from this old wise man and I am learning

[laas]

The response is the one who keeps the economic decisions away from politicians and that is pure capitalism.

[homewall]

Socialism is the opposite of individualism. Socialism demands others decide for you. Individualism means you are free to choose. We may be social animals, but unless we choose who we socialize with, we are just prisoners.

[MrAnperm]

You need a mixed market economy. The government needs to intervene to reduce the increasing inequality in places like the US.

[tomkunich]

You cannot have equal opportunity and financial equality as long as you have unlimited immigration. Free economy depends upon demand to force supply. If the demand is too large and too fast the necessary delay in response leaves the lowest step of the social structure out of the game. Who is more important, the people who are already here or those who are fleeing their own failed governments? Remember, it was the people of those countries that instituted those failed governments and it is the responsibility of those people to change it. Not of ours to cripple our system to allow others to flee here.

[mebeasensei]

The freedom thing is only good if currency is free to move, and not ‘structured’ . There should be no financial services sector, no structures, because they take expertise that require access. So powerful companies have lawyers and tax consultants to work around whatever threshold governments and regulators. Now with crypto it cannot possibly be an open free market.

[slambam]

Cap income to $100K per individual. Bye bye corporations... bye bye wealth inequality.

[workingmen]

See Mary barra's economic freedom in the video when car dealers attack USA USA baby

[memikchik]

Several things that are not mentioned regarding climate change is 1) the Earth has shifted 2) the magnetic poles are flipping 3) the volcanoes under the antarctic ice are warming up. Then one has to wonder with all the microwave radiation frequencies we are surrounded with from ever growing cell towers could possibly be slowly heating the environment? Microwave ovens run at a frequency that "quickly" heats foods. Cell towers and everything wireless work at a wide range of frequencies. Thank you for the show.

[MrNavvy]

Did i hear something about the allocation of scarce resources that have alternate uses? ^_^