pushed to the bottom they are assessed for rich people entreprenuers is not about rich people it is about building your life we haven't gotten too far out of the weeds we talk about the licensing and washington d.c. if you wonder realtor it is 135 hours to get your license that is a great second job if you want to be a hair dresser to break here that is a typical first job for a mother that is poor of license with 120-0500 hours you have to go to school for one year that is discrimination that is anti-poor behavior. >> host: you have to know how the chemicals work. >> innovation and choice. every public policy to bring those for college education to want to work hard to takes five weeks to put gutter's waterhouse we have people who are laid off and cannot find jobs. we have to do better especially to push the those of freedom as other people enjoy down to the bottom. >> host: with this, where do you see us at the end of the cycle? as far as i am concerned this is of prescription i said how did this man get my head? you articulated what a lot of conservatives have felt is missing but

>> with a monetary standard standard, the way of entreprenuers in the economy decide whether resources they will using and what amounts, what products they will produce, where they will sell the of is all determined by another and that it for friedrich hayek to use money as an information system and my book is a new information theory of money" and i came to this theory that is contrary to all previous analysis of the gold standard because previous people thought it is as good as many as in jewelry that my friend told me know. jewelry is my people and people cherished it because it is money. and money is separate from of the economy their roots value of money is time. i sort of came up with the idea but not fully because the inventor of the new digital currency bitcoin could ultimately become the important world currency, a bitcoin is exclusively based 20 about the impact of technology. so the computer power doubles 18 months over two years. so he was sorry if he made the bitcoin dependent and responsive to economic activity in the computer industry, it would not be a stable measuring