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tv   Stossel  FOX Business  May 23, 2014 12:00am-1:01am EDT

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>> when i int run them you are robbed of that. i think that interrupttions are witty? >> are you >> talking about the destruction of our society. ozone depletion and environmental problems had emerged as a threat to our survival. >> even if we survive. >> the nation is in decline decline, people will lose their jobs and one day the system breaks. >> simply put we are in trouble. might we invent our way out of trouble? >> we have the technology and the capability. >> so many good things are
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happening. this woman just heard a sound for the first time. the good new day. that is our show. tonight. john: you worry about the future? it is hard not to be if you watch the news. it is mostly negative. violence, a disaster, the danger and i suppose that is our job to tell you about problems but the plane crash is news but the fact that thousands can pick off safely is issa miracle but it is not news. so we soaked in disasters and heed warnings. pesticide residue we have
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covered hundreds of scarce and finally try to put things into perspective. in england a journalist was quicker to realize he focused on the wrong thing leading to this book the rational optimist. now giving lectures around the world saying he went into this assuming things were getting worse? >> the population explosion was unstoppable in the ice age was coming back, acid rain and yankee's and everybody said this about the future. so i was surprised to find most people most of the time >> and it sells in the media. people want to be scared to.
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>> it is wiser to talk about what might go wrong instead of right. but there is a much more market for bad news than good news. john: talk about overpopulation that was the scare. sharing the book the population bomb and the author ward of the '80s would bring mass starvation. he said he just came and went without shortages in the '80s but yet the end media continues about the unsustainable population growth. there are now 7 million people on earth. >> there will not be enough stuff. >> but now persistent
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warnings to mexico should down population control me the fight against global warming? >> mandatory population control? they tied the tubes? >> that happened in china. mandatory population control extraordinarily cruel with a huge amount of suffering. and unnecessary because it turns out they have been falling all over the world. , you have to do is give people prosperity and welfare and education because then they have fewer kids still mcvay hype crime and terrorism there is the air way to be cheerful although -- fearful since september 11th and school shootings the nra said this is why we need guns.
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>> there are terrorists, drug cartel, carjackers, rapes campus killers, airport killers, . john: he goes on and on and those things have happened but then to see them hyping this? >> violence is declining. the number of murders is going down steadily. and globally was the lowest of any decade since it began. it may not feel like it but it was true globally we are seeing much less violence around the world. >> if you survey people to ask if it is true i suppose
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most would not believe that a. >> because they don't talk about the gradual trend. john: many people still looking at the keeping of the good old days. most of us lived better even though they had hundreds of servants. >> eats from for the dishes every night. today's average person goes into a supermarket to buy the pre-prepared meal made with beef or chicken or pork or lamb are fish aids potatoes beans carrots or you can choose to eat from scores of nearby restaurants. each as the tea months killed chefs. add this up and you realize
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you have far more than those servants at your beck and call. >> we have thousands of people working for us. >> most everything is faster later denser cheaper. that is the title of the new book. >> i carry a cell phone. 250,000 times more additional storage capacity than the computer that led to the moon. the ipad -- step five can hold 200 records. >> but they say we are overwhelmed with choice.
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>> overwhelmed with choice? >> is too complicated. >> but look at the smaller computer, a faster communications, kolis have allowed the increasing living standards all over the world. john: but some people are not happy unless they are scared or miserable. >>. >> the devil is that the door you have to elect me then and there is something we see all the time. john: i am told all my life i have heard we will run how of whale. three years ago my president
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said we had to have an unpleasant talk about the energy crisis. >>. >> we simply must balance our demand for energy. john: a rapidly shrinking resource. >> that is incredible. >> we use of so the resources must be shrinking. >> better drill rigs and bids and seismic technology technology, new technology lets computer sensors at the end of the drill bit. 2005 chairman of exxon mobil said natural gas production has peaked in north america today 41 percent higher than and 2005 and now producing so much we're looking at exporting it.
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john: in 1914 the u.s. bureau said oil supplies would be depleted within 10 years. >> true. we still have oil in 20 years. john: department of their interiors as 13 in 1946 may be 20 years left says a state department. department of interior again 1951 they like that 13 year number. >> of course. and january this year 2014 the u.s. exported an average of 4 million barrels of oil per day in the form of gasoline refined products the more we find the more refined. john: we will run out of other stuff may be food. >> and economist at the university of calgary looked at prices of industrial commodities more than 100 years and found the overwhelming majority fell. john: if it falls in price
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that means there is more. >> the combination of price and innovation is a remarkably powerful combination. the effort is happening all around us. john: why can't we see it? >> wow. that is a good question. and to have 3d printing. >> and information that is free all over the world. >> you add these things together because we have all these things in spades that other countries lacked. john: thank you. we will keep the conversation going on fat --
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facebook or twitter to use the #good news. miserable poverty a does persist but yet i will tell you why these are the good new day is. [ male announcer ] legalzoom has helped start over 1 million businesses. if you have a buness idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reali. start your business today with legalzoom.
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we're here to help you turn your dream into a reali. when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. adnced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.
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. john: are you poor? what does it mean to be poor in america these days? around the world about, 300 million people struggle to live on a dollar a day or less. 300 million people, equal on to america's entire population. and this is a terrible thing, and yet, it's really good news, it's the good new days, because 300 million very poor people is a smaller portion of theorld than ever before. this chart shows the percentage of people living on less than a dollar a day, now 5% of the world. when i graduated college, it was 25%. millions have listed themselves out of poverty. and it's great to read on the website think progress. articles like five reasons why 2013 was the best year in human history? fewer people are dying. dying young. and more live longer. fewer people suffer from extreme poverty, and the world's getting happier.
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but wait a second, think progress is this lefty website. government liberals who are generally clueless about economic progress who wrote the sensible articles? who wrote it? well, actually zack beauchamp, and not only do you realize life got better, but you say it's largely because of free markets. >> yeah, markets are a big part of the story. the reason they are is they spark innovation. way back in the 17th century people started ideas about science and reason and research and led to the medicines and sciences about the great remedies for diseases that killed millions and millions of people young earlier. markets are one important way we distributed the diseases and got the benefits of the diseases to a large number of people around the world. john: so many wanted to make a profit curing people? >> in part, markets and people
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worked in tandem. poorer people and wealthier people alike. john: so it's so obvious to me, and you got it, why didn' your colleagues at think progress get it? >> they do. modern liberals and conservatives agree that markets are good and should have market systems. >> wait, i'm looking, you left think progress, but on the site, nine reasons why 2013 was not the best year in history. school closing, shutting the doors on black and hispanic students. college grads can't buy houses. the gender wage gap. women are being murdered at work. this is a different world view. >> there are lots of things that are still bad. fact that the world has gotten much better is not a reason to be complacent about things that are terrible. global climate change is catastrophic and dangerous. set that aside, celebrate the progress we've made, it's the greatest accomplishment in the past 200 years ofuman history. john: and shouldn't attack the
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free markets that brought us. >> regulating free markets in the way that we deal with the problems we have, including environmental ones. >> regulating them, we don't have enough of that or too much of that? >> no, i don't think so. the benefits of growth and the way they used to be aren't distributed appropriately. people aren't getting welfare lessons. we're talking about people getting richer. poor people around the world could be doing much better than they are. they're doing much better than they used to be. governments can help with the process. john: so how is that working now the cuba and former soviet union? >> you know there is space between cuba and sweden. john: okay, so sweden worked it out. >> and countries do the best in the world. john: they rate themselves as happy, but that's because they're swedes. you ask them in the surveys, they are happy. >> this is a point you won't like. the wealthier countries get per
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capita, the happier they are, too. they tend to be happier as time goes. john: but they don't invent anything. >> the inventions are part of the global market. john: yeah, we invent. >> they invent some things. skype. john: astonia is a free market country. what's sweden done since volvo? >> lots of things that have made people's lives better in the country. >> why the hostility to market? >> not hostility to the markets, it's hostility towards underregulated markets. john: piles and piles of regulations? >> yeah, because they're not giving enough to the people who need things. there are people who are suffering and there's a great deal of discrimination against women and minorities. john: and more regulation won't kill the golden goose? >> no, it won't. global life expectancy was 47 in 1950, since then it' gone
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up to 70. john: not because of regulation. >> yeah, in part it has. take -- >> innovation, i'd say, thank you, zack, coming up, something that poisons your drinking water and the air we breathe and causes global warming. that's what i hear, but i look at same thing and see mostly good news. that's next. unlimited cash back. let that phrase sit with you for a second. unlimited. as in, no limits on your hard-earned cash back. as in no more dealing with those rotating categories. the quicksilver card from capital one. unlimited 1.5% cash back on everything you purchase, every day.
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. >> the controversy is over tentacles being injected into the earth to break up rock and release natural gas. john: it's called fracking and scared people, it might pollute my drinking water. they use dangerous chemicals, they might spill them. so fracking is banned many places including in this state, my state. ann mcelhinney grew up in ireland where she was a dutiful
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left wing environmentalist. you must be against this dangerous way of suck oil out of ground? >> not even slightly. it's wonderful because energy is important. we need more of it, not less of it. john: what brought you around? >> the truth actually brought me around, and i sort of discovered that a lot of the environmentalists who are scaring us to death with nonsense about fracking are making stuff up. john: you make fracking sound good. here's a video about one of the dangers. >> they take good water, mix it up with not so good stuff and shoot it into the wells to force out the gas. poisonous vapors find ways into the lung, and cancer-causing chemicals find a way into your glass. john: poisonous vapors and cancer-causing chemicals. they do use them. >> unbelievable. the fracking fluid has carcinogens, if you're work about fracking fluid, worry about coffee. there is carcinogens in
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absolutely everything. john: this is hard to accept, but it was hard for me, too. in big doses in broccoli and coffee, there are carcinogens. >> absolutely. john: we're scared of the chemicals. >> we're scared of everything. one of the poshest hotels in california has a sign saying there is carcinogens in there. there is carcinogens but it matters the quantity of what it is. if that's all you eat every day of your life, then you're in trouble. it is minuscule the amounts in the fracking fluid, complete nonsense. john: anti-fracking movie won oscar nomination telling viewers we allow fracking, tap water may catch fire, but as i reported before, there are many places in america where no fracking is done, but? water still catches fire. this is a lake in alaska. this man lives in new york
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where fracking is banned, yet -- so why does the water catch fire? >> lucky, lucky people. do check and see if water is flammable. if it , lucky, lucky you. it means there is so much hydro carbons out there. if it is, lucky, lucky you. john: you will be making a lot of money. >> a lot of money. why in america have people figured this out but not in other countries in the natural gas drop in price boom in supply, mostly america, not because we necessarily have more of it. >> america is unique in so many ways. extraordinary country, there is something absolutely unique to america that doesn't happen anywhere else where individuals own mineral rights and a game-changer. the oil and gas company go directly to your door. wouldn't you be so happy if someone knocked on your door and said we're going to give you a million dollars and royalty check that will come with regularity. if you have a nice piece of
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hydro carbon, that check will come for 30, 40, 50 years. john: it's my money, i have a deed to my property. i own it. in my country, the government will own it. >> in england, the queen will own it. john: why bother? >> why should they bother? they're not going to benefit. here in america, the people benefit. you can see that no more so than in north dakota where this has been a game-changer for people. john: energy is important. put the slide up of the woman in africa. this has been life for people forever. >> the washing machine liberated people more than the pill. the truth is that this woman should be either having a cocktail or finding a cure f cancer, and instead of that she's doing this back-breaking, mindless rubbish of a job. john: almost all day. >> anyone who traveled to india or africa see women wasting their lives, when they can be playing tennis or finding cure
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for a disease. instead they are wasting time doing this. energy matters. that's the least of it. john: when they say more regulation, be safe rather than sorry, delay it. be sure we're condemning people like her to a life of drudgery. >> the regulations already in existence on a state level to regulate oil and natural gas production is almost obscene already. i think this idea needs further regulation is nonsense. and the idea we stop women from having what we is an appalling thing to do. john: thank you, ann mcelhinney. coming up, more reasons why these are the good new days? this woman is hearing sound for the first time.. >> november, september. did you hear those?
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>> yes.
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. >> saturday, sunday. you can hear my voice coming through both sides? >> yes, yes. john: that woman's hearing sounds for the first time because she just got cochlear implants. what difference technolo can make. >> could you hear those words? >> yes. yes. john: makes me cry just watching, and there's more that could make us cry if we knew about it. 40 years ago man-made body parts were a fantasy in tv shows like the $6 million man. >> we can rebuild him.
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we have the technology. we have the capability of make the world's first bionic man better, stronger, faster. john: fiction then, and the actor lee majors did actually age. here he is more recently. >> most of you remember me as the six million dollar man whose physical abilities were enhanced by technology. now i'm here to introduced lee majors bionic rechargeable hearing aid. >> selling hearing aids. dr. kevin campbell says the world caught up to the tv show, really? >> absolutely. it is amaze the time we live in now is one of the most exciting times in history for science and technology and medicine. we're able to provide things for patients that we'd never imagine will be true like on the six million dollar man. john: and one of the biggest new things is the 3-d printer, and i get how they can make a
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gun or other nonliving things, but the next thing is replacing organs? printing organs? >> exactly. it's amazing technology. it uses the same technology as an ink-jet printer. we have a matrix of skin cells and organic compounds and the computer generates this three dimensional image that's a living organ. this could solve so many problems in medicine with organ shortages for heart transplants and kidney transplants and the like this. has been accomplished already with children born without a windpipe and three dimensional tracheas that are implanted in the children and doing well now. we'll be able to serve patients who normally may die waiting on a transplant list. john: which is about 18 people a day, most waiting for kidneys. >> exactly right. john: and wake forest, where
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you went to school, researchers figured out how to print new skin cells on the burn wounds using 3-d printers. different kinds of skin cells that only need a patch of skin, a tenth of the size of the burn to grow enough skin cells to print skin. >> before burn victims have to have skin grafts, large surgeries where your own skin was harvested from other locations in your body. you have multiple wounds at risk for infection, if we can print skin i think that plastic surgery and burn-type medicine is really going to leap forward. john: let's move to other bionic body parts. this teenager was born with an arm that doesn't extend beyond the elbow. a charity surprised her with news in the auditorium. >> to actually give you a bionic arm. [ cheers ]
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. >> this is what she's always wanted her whole life. she always wanted to do things. now it's opened up a whole new world for her. john: that was her father speaking, and these artificial arms, hands, knees, keep getting better. >> they really do, the technology is amazing, now we can control these body parts with thoughts, just like when you think i want to move my arm, it happens. the way the surgeons maintain this, the nerves in the shoulder exist and can receive signals from the brain. they then connect the nerves to a muscle group in the chest that allows the chest muscles to respond to your thoughts. then an electrode goes from the chest to the mechanical parts in the arm and you can zip a jacket, you can hold an egg and not break it with a bionic arm. the six million dollar man is here now, and it's wonderful
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for folks like this young woman who was able to receive this arm. john: the technology keeps improving for diagnosis. i'm holding an ordinary iphone, it has an app and special case that will allow me by pressing my fingers on this to get an ekg and send this to you via e-mail and can you treat me? >> absolutely. i used it on a flight to san francisco last week. there was a gentleman in respiratory distress, trouble breathing and i used my iphone to determine he wasn't having a heart attack and we figured out what was going on, and i was able to communicate with the pilot and we were able to decide about diversion of the plane appropriately. this is amazing technology that really puts so much information at the patient's fingertips and allows me to do so much better for that patient because i have this data to use. john: and you have a device with you that will be used for treating migraines? >> i do.
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this is the device. it has been shown in clinical the amount of migraines. you put it on the head like this. it delivers impulse to the nerve. you do this for 20 minutes a day every day and it was shown to decrease migraines. it is now fda approved in the united states and you need a prescription for it, but this is an amazing device. it gets people off pain medicine. it's wonderful. john: thank you, dr. campbell. next, this commentator from the national rifle association on why these are the good new days for people like him?
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. the final battle is about to begin. john: this clip's from a history channel tv show where marksmen compete. >> chris cheng. john: shoot cross bows, rifles, grenade launchers. >> chris! >> you have earned the title of history's top shot. chris cheng, after that show, quit his job and now works at
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the nra, he makes speeches about guns and gun culture, and yet that almost certainly would not have happened in the good old days. why? >> yeah, i mean someone like me who's a gay, asian guy. john: you're a twofer in terms of being a discriminated against group, asians were less harshly discriminated against but have you relatives who were locked up during world war ii. >> yep. i'm half japanese and so some of my family members were internment camps in world war ii, obviously things are much better for asian-americans now. john: the one that really sets off often macho men, and i associate that with the nra is your being gay. >> uh-huh. john: and on the show, you didn't say i'm gay. >> my competitors didn't care. they knew. what was interesting is that the history channel never outed me because they said it never became an issue.
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and for me that was a really, really cool moment. my own stereotypes i have brought into the gun community were shattered. >> life has come a long way from 17 years ago when ellen degeneres said this on her sitcom. >> why can't i say the truth, being who i am, i'm 35 years old, i'm so afraid to tell people. i mean i'm -- i'm gay. >> her studio audience applauded but america did not. advertising agency reports chrysler, j.c. penney dropped commercials from her show, her ratings took a dive. the show was canceled. ellen was unemployed and reportedly came close to bankruptcy. just 15 years later, she's hired as j.c. penney's spokeswoman and hosted the academy awards twice. this is so quick. >> amazing to see the tide shift in american culture and
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the change of opinion that nowadays, there's so much more support for gay rights, for same-sex marriage and equality. john: same-sex marriage is yet a different point, and let's look how quickly attitudes changed there. in 2004, abc "washington post" poll found gay marriage was opposed by 59% of americans. 10 years later supported by 59%. >> amazing to see so many out and proud gay americans like ellen, anderson cooper and neil patrick harris and now with michael sam being the first openly gay nfl player. john: there were a lot of people very upset by that. one football player derrick ward tweeted, man, you got little kids looking at the draft when the kiss was played. >> if it's okay for the media
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to show, heterosexual couples kissing and being affectionate, why shouldn't it be okay to have same-sex couples doing the same thing? john: let's move from sexual orientation to women. the good old days were not great for most women. nancy pelosi understood that when she became the first female speaker of the house. >> it is a moment for which we have waited over 200 years. today, we have broken the marble ceiling. >> the marble ceiling, great, but somehow a few years later, liberal women are screaming about how terrible life is for women. we start with sandra fluke. >> too many women are shut out in silence. >> up until now, being a woman is a preexisting medical condition. >> we are so far from equality in this industry. >> women are not making it to the top of any profession. john: women are not making it
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to the top of professions. you work in silicon valley. what's your experience? >> sarah sandberg, the chief operating officer of facebook and marissa mayer, ceo of yahoo!. things are changing. >> female execs run h-p, xerox, avon products, and stl a victim of culture out there among women, achieving women? >> the whole victim mentality to me, it's a choice to be made, when someone is hurlingant g or racial epithets it's how do i take this energy and translate it on something positive? one quick example, on asian-americans in executive leadership, there are not many asian-americans in ceo.
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john: is it discrimination? >> other cultural factors affecting asian-americans'ability to rise through the corporate ranks of america. john: we tend to forget how different america was recently. just wasn't that gays couldn't get security clearances. 40 years ago women couldn't get a credit card without her husband's permission. good old days were not so good for women or blacks. when i was born black people couldn't attend the same schools or eat at the same lunch counter. now we have a black president. he's my president, even though he's wrong about most everything. >> this is the moment when the ocean began to flow and the planet began to heal.
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>> if you've got a business, you didn't build, that somebody else made that happen. john: when we return how he and bill o'reilly are wrong about the future, which is good news, with one exception. when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing.
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across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.
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. john: there is some bad news, our nation is in decline. so says the curmudgeon in chief of fox news, i say, bill, give
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me a break on almost all fronts. these are the good new days. and tonight's show highlights why life should keep getting better. except for one big problem -- politicians, politicians who have the power to spend other people's money. they can destroy our future and they are on the road to doing that. >> this is federal spending per person since america began, started low, less than 5% of the economy. here's world war i. here's world war ii. used to go down after wars but now in peacetime, it only goes up. pretty soon, we're up here. how are we going to pay for that? john: we can't pay for it, even if we doubled tax rate, tripled them. america couldn't afford to pay for medicare, social security and other new spending. start of the show i made fun of media scaremongers, probably
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unfair to include sound bites like these. >> we're talking about the destruction of our society. john: another depression. everything comes to a grinding halt. programs lose funding, social security checks go unpaid. employers can't meet payrolls. >> and one day the system breaks. john: those warnings make sense, they were talking about our debt. that's a real problem most like the others we talked about tonight. we are going broke and the response of our politician says not to cut anything, it's the double down on idiotic policies that increase our debt. this clueless ex-congressman once bragged he was responsible for allowing you to buy a home if you put down a measly $1,000 down payment? is he now an outcast? no! now the president appointed him head of the federal housing finance agency. this month melvin watt announced fanny and freddie will dump the prudent rules they imposed after the last
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housing bubble and taxpayers will guarantee your mortgage if you put down a small down payment. it creates what economists call moral hazard, it invites us to behave badly, when we do, they reward us with taxpayer money. our politicians are the biggest threat to our future, but let's not add them in our note, despite our irresponsible politicians, life has gotten better. silicon valley keeps inventing things faster than government can crush them. google will inform them about anything in seconds and it's free, free all around the world. people in the poorest countries have access to more information than the rich used to have. air bnb lets us share homes. uber and lift lets us share our cars. facebook allows us to share all
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kinds of things, so does e-mail, and it's all free! skype is free! it let's you chat with anyone anywhere in the world, hear students in a school in brazil skype with old people in america. >> we created a phone that stu people in a retirement home. >> hello, hello. john: students learn english? and the elderly are less lonely. >> i good, how are you. john: and again it's all free. these innovations happen because they happened before politicians could crush them. they're part of what adam theerer calls preventiveness innovation, create apps for apple, if we, did they probably would never have happened. if innovators could keep creating new things faster than politicians and regulators can
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kill them, our future will indeed be the good new days. that's our show. that's our show. see you next week. [ dave gentry ] hello, i'm dave gentry, welcome to "small stocks, and big money." [ intro music ] [ intro music ] [ intro music ] [ intro music ] [dave] for all of our new viewers, it's nice to meet you. and for those of you who are already members of the redchip nation, thank you, for being part of the fastest community of small-cap investors in the world. now first, our qu gains in the market, particularly with micro-cap stocks, over time, you'll probably

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