so i make adam smith the founder of modern economics, kind of a in laissez faire that government but if government would just people fulfill their own self-interest that you would see an increase in prosperity more people would be involved and it would be a way to increase the standard of living. so he the hero system of natural liberty the hero. and then i judge every to what extent do you build this the house that smith built or are you tearing it down or are you trying to build another building which is what marx did and to some extent. cage so and then i have adam model left for dead then is resuscitated by the french laissez faire school by the austrian, by the british school, by the chicago school, by the austrians. and then it in typical american fashion ends with the good ending the collapse of the berlin wall. the collapse of central socialist central planning and. capitalism flourishes after that. still lots of challenges. so it's been popular that rutledge published or now goes through its fourth edition. and i've stuff on global warming on inequality on inflation lots of

yesterday we had this session on marx, tanz and adam smith and all three of them were disabled by the materialist superstition. they all thought somehow material resources, the constraint of capital and that the economics is really a science of scarcity and. and what we've discovered beginning with william nordhaus of yale and of was gail poole way and married to peer review interviewed them about their books their fabulous book called superabundance which shows that that is really a science of abundance and and and this is a crucial difference that all of economics science has been based on the idea scarcity that alternative uses for scarce resources implying that i can mix is in some way a zero sum game constrained by material limits and i've been for a decade now, i've been developing the information theory of economics, which is which is a science of abundance and the and the key purpose positions are, well, is that things well is knowledge growth. and we know wealth is knowledge then neanderthal in his cave had the material resources we have of all the difference between our age

, let's, we will name a few more names, because there is where to dig deeper because of adam smith?dle ages, the british tried to present themselves as god's chosen people. so the main english revolutionary oliver cromwell called britain the new israel, which is called by god to rule with him on earth. these ideas have spread in the era colonialism. and after the suppression of the uprising in india in the mid-1850s, the idea of ​​the british chosen by god received a new impetus. it was then that britain announced that some peoples are not primarily white, are not human at all. this means that they should not have equal rights with the rest of the great inspirer of these ideas was the writer redirk. carry the white burden and the best sons for hard work. send over 3.9 seas to the service of the conquered gloomy tribes to the service of the sex of children, or maybe the devil no wonder that it was in britain that the so-called science originated eugenics, which divided people and even entire races into varieties. one of the founders of the new ideology was charles darwin's brother fr

the statue of adam smith, which the procession passed a few moments ago.all knew the streets as well as we do. ♪ ♪ ♪ ♪ >> in a moment, the crown of scotland will be placed on the coffin by the duke of hamilton. when they've taken their seats, the minister will call the people to worship. >> i welcome all of you to st. giles cathedral, the hi kirk, this ancient parish church of edinboro, welcome to all around the world who are watching this service being broadcast. here at saint childs, john knox confronted mary, queen of scots. here, james vi argued about liturgy. here, oliver cromwell preached, here parliament sometimes met. here, our late queen received thhonors of scotland in the stone of destiny rested on its return to scotland. we are graced the presence of the king and members of the royal family. present here are representatives of our nations life. present here are people whose lives were touched by the queen and so many -- in so many unforgettable ways. so we gather to bid scotland's farewell to our late monarch, whose life of service to the natio

remember adam smith, considered the father of modern capitalism?id years ago that consumers need good information about what they buy and sell in order to make decisions, and he recognized that with green washing, the market will not function. we need to channel a little more adam smith. >> for so many people, that is a luxury, to be informed better about what they are consuming. it is really about what they can afford. so let me ask the question about whether or not there is something that can be done not just to lower the price of land-based salmon farming, but to make these fish farms less toxic. >> i don't think after more than two years of research and after talking to hundreds of people, i don't think we believe that open-net salmon pens on the ocean will ever be safe for the environment and further wild salmon, among other things. they are unholy messes and they need to be reformed. what that means in the end is that those nets have to come out of the water and we have to move to land. and for people who don't want to pay the higher prices,

the adam smith 20 and the 50 featuring the portraits of manufacturers matthew boulton and james watton the golden boy statue in birmingham, but they're high about you banknote will not be accepted in the shop. they may have only been on our currency for a decade, but the withdrawal of the boulton and watt £50 note also marks a change in 300 years of history. that is because it is the end of paper banknotes in circulation. for the first time, the entire bank of england collection will be made of polymer. over the road, in a cashless cafe, there was once an old banking hall here, the new plastic notes get a mixed reception. so, there are a bit slippery? there are a bit slippery. they quite, yeah, difficult to keep hold of, really. yeah. notjust because you're spending them? no. yeah, feels a little bit cleaner and a little bit less concerned about it ripping in my pocket. i'm not sure, but the plastic one looks to be much- better and very smooth. and i think i probably would like the plasticj one than the paper one. if you find you still have some paper banknotes after friday's deadlin

while it may been pure coincidence the united states was born the very same year adam smith published the wealth of nations, it was a most fortuitous one. alexander hamilton richly deserves the title of founding father the american economy, was very familiar with smith's seminole book, as were most of the founding fathers but hamilton took its arguments very much to heart. when socialism was rapidly evolving into a coherent philosophy three quarters of a century later, karl marx wrote in the 18th room air of bonaparte published in 1852 after napoleon the third had seized power in a coup d'État that quote men make their own history but do not make it as they please but they do not make it under circumstances chose by themselves but under circumstances directly encountered and transmitted from the past. but this country, unlike the european countries marx was filled millie with have infected precious little past to beat transmitted in 1776. we are not a fully formed society deeply entrenched economic interest and a well-developed class system. in effect we were something like a national

the adam smith 20 and the 50 featuring the portraits of manufacturers matthew boulton and james watttue on birmingham, but their high value banknote will not be accepted in the shops. they may have only been on our currency for a decade, but the withdrawal of the boulton and watt £50 note also marks a change in 300 years of history. that is because it is the end of paper banknotes in circulation. for the first time, the entire bank of england collection will be made of polymer. £2.50 then, please, lovely. over the road in a cashless cafe that was once an old banking hall, the new plastic notes get a mixed reception. so they are a bit slippery? they are a bit slippery, they're quite difficult to keep hold of really, yeah. notjust because you are spending them? no! yes, it feels a little bit cleaner and a little bit less concerned about it ripping in my pocket. i'm not sure, but a plastic one looks to be much- better, very smooth. i think i probably like the plastic rather than the paper one. - if you find you still have some paper banknotes after friday's deadline, you can queue here

joining kneme for you is adam smith. thank you for being here.ous -- miley is spearheading this looking five outs in terms the u.s. support can offer ukraine. what does that long u.s. sport for ukraine look like to you? >> it looks like ukraine is also the rest of our allies in eastern europe being able to defend themselves against russian graegs because once we get to a peace deal and we have a sovereign democratic ukraine in place, russia will still threat ep. they took parts of the east and crimea and then launched this attack an he we have to make russia think they cannot successfully launch an attack against ukraine so you have to build a defense structure around ukraine once this war is over that can deter any future if russia thought about attacking them again. >> when it comes to the battlefield, the pentagon acknowledged the reporting yesterday that russia is in the process of buying millions of rockets and artillery shells from north korea now to use in ukraine. i want to play how the pentagon reacted to this. >> certainly as has been s

. >> that observation would be consistent with going back all the way to adam smith. >> that is what i was thinking. what you mentioned in your testimony that the two major drivers of the economy, major government spending, supply chain disruption, can you speak more to that? >> a simple analysis in 2021 would help one to predict inflation quite accurately. as a productive potential of the u.s. economy, the supply-side component, was the potential output and was he supposed -- suspected increase in nominal demand? was difference between that increase in demand and the potential output of the unite states economy? that difference were going to be price. >> increased prices for shelter, food, medical care where the largest and most relevant factors contribute to higher cpi in august, we think -- do you think the by demonstration will make that to continue to write -- do you think we will continue to see that due to the biden administration policies? >> i do, rent right now, the cost of shelter has risen this -- thus far this year an annualized rate of 6.67%. it rose in august at 8.6%.

the adam smith 20 and 50 featuring the portraits of manufacturers matthew boulton and james what losea bit slippery? they are a bit slippery, yeah, difficult to keep hold of. hot they are a bit slippery, yeah, difficult to keep hold of. not 'ust because you fl difficult to keep hold of. not 'ust because you are i difficult to keep hold of. not 'ust because you are spending h difficult to keep hold of. notjust| because you are spending them? difficult to keep hold of. notjust - because you are spending them? no! yeah, it because you are spending them? fir! yeah, it feels a little bit cleaner and a _ yeah, it feels a little bit cleaner and a hit — yeah, it feels a little bit cleaner and a bit less concerned about it ripping _ and a bit less concerned about it ripping in — and a bit less concerned about it ripping in my pocket. i�*m and a bit less concerned about it ripping in my pocket.— and a bit less concerned about it ripping in my pocket. i'm not sure but a plastic— ripping in my pocket. i'm not sure but a plastic one _ ripping in my pocket. i'm not sure but a plastic one looks _ rip

the statue of adam smith which the procession passed a few moments ago.resentatives of our nations, life, present here are people whose lives were touched by the queen in so many unforgettable ways. and so we gather to bid scotland's farewell to our elite monarch whose life of service to the nation and the world we celebrate. and whose love for scotland was legendary. love for scotland was legendary-— love for scotland was leuenda . ,, , ,, choir sings. the first minister, will read the first lesson.— the first lesson. for everything. - the first lesson. for everything, there i the first lesson. for everything, there isj the first lesson. for i everything, there is a the first lesson. fr?“ everything, there is a season and a time for every matter under heaven. a time to be born and a time to die. a time to plantand a and a time to die. a time to plant and a time to pluck up what is planted. a time to kill and a time to heal. a time to break down and a time to build up. a time to weep and a time to laugh. a time to mourn and a time to dance. a time to thro

explain how the corporate system and adam smith microsystem affects inflation.allen from plus 25% from march 2021 to -3.5 today. it is now 4% of gdp. the dollar has risen 20% in the last year. free-market yield started to go up in 2020. my point is, there is a lot of timing that is done not by the fed, fortunately they did is long time ago which is why inflation is already rolling over now. if i was the fed, i don't think we do anything on the inflation front. the supply side is starting to show signs of improvement as well. we created a lot of jobs this year but we have done it with a fresh new supply and the labor force which mean wage inflation has not risen. tom: one final question, if we could, michelle myers of mastercard, james classic jp morgan, james paulsen are saying that the zeitgeist is wrong, wrong, wrong. how does jay powell deal with the zeitgeist and you saying look at the consumer, look at america? jim: i don't know, he has a tough job. i guess i would hope that the federal reserve realizes that despite the facts of these policies, i don't thin

also the statue of adam smith. they all knew these streets as well as we do. fanfare plays. like queen elizabeth, he has attended scotland�*s parish kirks all his life, from the smallest near his home in caithness in the far north to the great cathedrals like this one. he is comfortable expressing his faith through the scottish kirk�*s forms of worship, as his mother was. the coffin being lifted towards the catafalque specially crafted for the purpose. it was made at the workshop next to holyrood palace, and it is made of scottish oak, with a cross crafted into the wood on top. the royal party moving to take their seats. ina in a moment, the crown of scotland will be placed on the coffin by the duke of hamilton. he is being accompanied as he carries the crown by the carrick pursuivant and the rothesay herald. the crown is part of the honours of scotland which, along with the sceptre and the sword, are the oldest surviving royal regalia in the united kingdom. the steps being brought forward to allow the duke of hamilton to place the crown on the coffin. when they have taken t

the adam smith 20, and the 50 — featuring the portraits of manufacturers matthew boulton and james watthdrawal of the boulton and watt £50 note also marks a change in 300 years of history. that�*s because it�*s the end of paper banknotes in circulation. for the first time, the entire bank of england collection will be made of polymer. 2.50, then, please, lovely. over the road in a cashless cafe that was once an old banking hall, the new plastic notes get a mixed reception. so they�*re a bit slippery. they're a bit slippery. they're quite, you know, difficult to keep hold of, really, yeah. notjust because you�*re spending them? no! - they laugh. yeah, feels a little bit cleaner and a little bit less concerned about it ripping in my pocket. i'm not sure, but looks like a plastic one looksj to be much better. very smooth. and i think i probably would like the plasticj one than the paper one. if you find you still have some paper banknotes after friday�*s deadline, you can queue here at the bank of england, at your own bank, or at some post offices to exchange the old notes. kevin peachey,

the adam smith 20, and the 50 — featuring the portraits of manufacturers matthew boulton and james wattth. and i think i probably would like the plasticj one than the paper one. if you find you still have some paper banknotes after friday�*s deadline, you can queue here at the bank of england, at your own bank, or at some post offices to exchange the old notes. kevin peachey, bbc news. let�*s speak now to phil mussell, director at coin news magazine. that must be a pretty busy place at the moment. you have a lot on your plate. should we start talking about the new look coins and notes with the new look coins and notes with the new look coins and notes with the new monarch and? what is the process? we are promised images over the next few months so what will be going on behind—the—scenes to get those? j going on behind-the-scenes to get those? ., ., ., those? i would imagine the royal mint has already _ those? i would imagine the royal mint has already had _ those? i would imagine the royal mint has already had some i mint has already had some preliminary designs already there because, o

smith. ramÓn: el gobernador informÓ sobre una ley que castigarÁ a aquellos que realicen carreras de autos clandestinas. comenzamos. paola: saludos. soy paola virrueta. ramÓn: soy ramÓn adamees hacia la costa, una tarde calurosa en el interior. incrementÁndose la temperatura para el fin de semana. lluvias se alejaron de nuestro territorio y tendremos un sistema de alta presiÓn en los prÓximos dÍas. comienza el calor de nuevo. hacia el sur de la bahÍa, maÑana con advertencia para embarcaciones pequeÑas entre las 3:00 de la tarde 9:00 de la noche. hacia la costa serÁ mantener vientos en 17—29 mph y rachas de 40 mph. la advertencia estarÁ cancelÁndose para el viernes en la maÑana. bastante son maÑana temprano, especialmente al sur. san josÉ con 81°. ramÓn: gracias. el tratamiento de la diabetes se ha incrementado en los Últimos aÑos. ahora se busca la manera de apoyar a los que padecen esta enfermedad. paola: vamos a ver los detalles. reportero: saludos. buenas noches. la diabetes es una enfermedad que incremente el presupuesto de los que la padecen, pues son varios medicamentos que hay que consumir para controlarla. el estilo de vida lleva a la comunidad hispana a ser lo mÁs

adam scott and hideki matsuyama. the americans' most experienced pairing sort of competitors 2-1. the us pairing sort of competitors 2—1. the us went further ahead when cameron smithstop the lot when kim seaward and cameron davis beat world number one scottie scheffler and sam burns but they blew their chance of another point wayne taylor pen drift missed this birdie putt at the last, many are when for tony finau and max homa, therefore, advantage usa. on the european to there is early in the second run at the french open. the day and it looks to in the fourth european to a total of his career and shot a nine under par 62 to tie the course record. firing in ten birdies, just the one bogey, and a thursday leading ijy bogey, and a thursday leading by two shots overnight from sweden's player. benevolence people on thursday, putting them on the brink of quarter—finals for the european league finals, thejudge reading 2—0. stephen burke in the second half. benevolence are three points clear at the top of the group with one game top of the group with one game to play. france beat austria 2-0. to play. france beat austria 2—0. that's when champion was my first win in the