we hope that unexpectedly everything will magically get better well joining me to discuss it is anthony rand as a director of economic research for the reason foundation anthony thank you so much for being here long time no see now before we get into the details of what was said i want to talk about the person who said it you know i mean we have economists that give a gloomy forecast every single day no one really seems to pay any attention but then we have the chief economist at goldman sachs and thanks in large part to i guess the financial crisis and people finally becoming curious we found out that this is goldman sachs has a very broad reach its fingers are everywhere so when this guy speaks do we listen we should listen we have a massive internationally focused financial institution that depends on the knowledge of its particular economists and knowing what's going on and they have been incredibly successful and their success has come from knowing what's coming down. pike being able to see at least to some degree what's going to happen in the future and of course they miss the bubble i

and so forth and we were going to debate that issue and get into all the details of the reasons anthony rand next he was once the cia's inspiration for their interrogation program now psychologist martin seligman is being awarded a huge army contract for resilience.

of capitalism really did save or quite the opposite do these miners joining me to discuss it is anthony rand as a director of economic research at the reason foundation anthony thanks for being here thanks for having i think i know your answer to this but tell me do you think that capitalism saved the miners absolutely capitalism save the miners and more specifically the key part of capitalism free trade so the mater's the as you mentioned your opening what actually helped save these miners were materials technology and innovation from all over the world whether it's from the united states south korea japan germany the simple fact that we have free trade we have in so many parts of the world capitalist spirit free market that inspires innovation the terrible profit motive that inspires companies to come up with these great ideas all of that is what allowed us to be able to save these miners whereas we never would have been able to do that twenty four years ago when. that's part of progress now twenty four years ago we can do a lot of things i mean my problem here is that you know free trade