With all due respect I think that you went on too long on your first question on institutions. A useful rule of thumb is that you don't talk as much as an interviewer as the interviewee.
Interesting guests, Jon. But do consider upgrading your microphone as you can be hard to hear. Also, you could populate the shelf behind you with some literary and academic classics 😅
Its a very nice talk. However, next time, maybe the speaker can introduce themselves? An amazing topic started with a very strange jail related topic. I found this very disrespectful as well. And a person like Prof Acemoglu, can, I believe introduce himself. Thanks for the amazing talk Prof Acemoglu.
Well, Acemoglu doesn't really understand Milton Friedman's economic ideas. His descriptions of those are caricatures. Friedman, I believe, would have liked George Harrison's question, 'Why is there only one Monopolies Commission?'. Or, as an actual economist had put it a couple of decades earlier, 'The only way a monopolist can remain a monopolist [in a true market economy] is by not acting like a monopolist.'. Power corrupts people, especially people who have the force of law behind them. Witness what is happening right now in Fulton County, Georgia, or in some of the courtrooms in NYC. Or, since he brought up Sweden, the economic history of Sweden is very telling. It was a strongly controlled economy until about 1875, when, under the competitive pressure from Swedes who had emigrated to the U.S., it become a capitalist powerhouse for almost a century with a governmental sector about the same % of GNP as the U.S. Sweden became rich under that regime. Then it backslid into socialism in the 1970s. With the predictable results.
If you say liberals does it sound less threatening than the left or the extreme right or the extreme left to me I feel like he's touched on all of it and now all of it is tainted
To you're guest ? How would a world government where every purchase is taxed and sent too a global federal reserve type of system begin from a nation - state orientation to a European Union style government?
![Eminem - Fuel (feat. JID) [Official Lyric Video]](http://i.ytimg.com/vi/t5H_CewqpKA/mqdefault.jpg)
![FORTNITE CLASSICS IS BACK! Fortnite Item Shop [November 15th, 2024] (Fortnite Chapter 5)](http://i.ytimg.com/vi/RbQURbeFwqs/mqdefault.jpg)
With all due respect I think that you went on too long on your first question on institutions. A useful rule of thumb is that you don't talk as much as an interviewer as the interviewee.
+1 I would like to hear the interviewee instead of the interviewer
Interesting guests, Jon. But do consider upgrading your microphone as you can be hard to hear. Also, you could populate the shelf behind you with some literary and academic classics 😅
@ 1:30 this echoes of Milton Friedman's thesis that democracy and freedom go hand i hand.
Eminence Front! Greatest the WHO song from the 80's! Keep it as the opening!
Its a very nice talk. However, next time, maybe the speaker can introduce themselves? An amazing topic started with a very strange jail related topic. I found this very disrespectful as well. And a person like Prof Acemoglu, can, I believe introduce himself.
Thanks for the amazing talk Prof Acemoglu.
Well, Acemoglu doesn't really understand Milton Friedman's economic ideas. His descriptions of those are caricatures. Friedman, I believe, would have liked George Harrison's question, 'Why is there only one Monopolies Commission?'. Or, as an actual economist had put it a couple of decades earlier, 'The only way a monopolist can remain a monopolist [in a true market economy] is by not acting like a monopolist.'.
Power corrupts people, especially people who have the force of law behind them. Witness what is happening right now in Fulton County, Georgia, or in some of the courtrooms in NYC. Or, since he brought up Sweden, the economic history of Sweden is very telling. It was a strongly controlled economy until about 1875, when, under the competitive pressure from Swedes who had emigrated to the U.S., it become a capitalist powerhouse for almost a century with a governmental sector about the same % of GNP as the U.S. Sweden became rich under that regime. Then it backslid into socialism in the 1970s. With the predictable results.
A think tank with an echo chamber versus I think tank with an echo chamber
If you say liberals does it sound less threatening than the left or the extreme right or the extreme left to me I feel like he's touched on all of it and now all of it is tainted
the longest question ever asked...
What if everyone wants to traffic everybody
Is the dollar or is it not dirty as all get out
To you're guest ?
How would a world government where every purchase is taxed and sent too a global federal reserve type of system begin from a nation - state orientation to a European Union style government?