friedrich at a celelebration of the hidden heroes behind the editing room door next.he laura flanders showplace for the people to say it to be done take a backseat

kitchen for the actor to live in and he schooled the actor who was ronald reagan in adamas smith, friedrich von hayek, john locke and tocqueville with little essays added by henry had luck. he gave little books just at the manhattan is it and hoped they would be red. this actor, reagan, wasn't exactly popular across ge either. thee younger executives didn't like having some kind of western propagandist, and they complained about reagan. but for the few remaining years, they couldn't stop him and his actor and he sent reagan all around to hundreds hundred of s with mimeograph pages to explain all about the tva and future of industry and the industry move west and so on. the actor he wrote speeches about the dangers of socialism and socializing medicine was a bad idea. tva was a bad idea. power could innovate faster when it was free to make its own decisions. maybe hydropower wasn't the only kind of power in the future of the united states. >> amity shlaes is the author of great society am one of many authors you consume booktv every weekend here on c-span2. you can find the entire conversati

we are way beyond friedrich hide hayek. what is in the book is i agree we are over regulating, and all i advocate for his of this. i say rather than class action waivers which are a very blunt instrument, you can insulate yourself from liability for wrongdoing any kind of case with the class action waiver. rather than allow this blunt instruments meant why do we focus on the laws we don't like and say you can't use class actions in those situations, but allow the class action and for the laws we do like, fraud, breach of contract and price-fixing. .. hasn't been handed down by god. that principle. we can change it. let's use rule 23 for the laws we think should be in place and enforced robustly. i agree we have too many laws. the answer is not get rid of all class actions which class-action waiver threatens to do. let's just limit where we can use the class-action lawsuit. >> another question? >> the majority of class actions and individual plate plaintiffs. to the tune of $200 and $30, generated by that. does that trouble

we are way beyond friedrich contract fraud and price-fixing. what i say in the book is i agree with our over regulating. all i advocate for it is this. i say rather than class action waivers which are a very blunt instrument, you can insulate yourself from liability, for wrongdoing in any kind of case with clacks action waiver. rather than allow this blunt instrument -- class action waiver. why do we focus on the laws we don't like and said you can't use class actions in the situations but allow the class action and for the loss would you like, fraud, breach of contract and price-fixing. i advocate in the book we should breach this principle that the rules of civil procedure is based on trans-substantive ready here we don't have to have the exact same rules of procedure in every case country to what we learned all these years. hasn't been handed down by god, that principle. we can change. i say let's use rule 23 for the laws we think should be in place and should be enforced robustly. i agree with way too many laws. the edges not not get rid of

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not even friedrich hayek, the austrian school of economics, leak in complete laissez-faire markets. at the very least, even a libertarians say we need three rules in our markets. no fraud, no breach of contract, and no price-fixing. we cannot have vibrant markets it companies can reach the promises to us if they can lie about what they're selling and if competitors can get in cahoots with one another. at least we need those rules. so the question then is how are you going to enforce and implement those roles? what i argue in the book is the conservative way to do it is through the private enforcement of the law. and i go back to the literature on privatization that was very popular during ronald reagan and margaret thatcher's times. and this literature basically says we want to privatize everything. and, therefore, why should we want to privatize enforcement of the law as well? identified six reasons why. this literature advocates privatizing, private solutions over government solutions. all six reasons applied to private enforcement of the law. number one, we like smaller governmen

all of the szell types is a professor of psychology at friedrich alexander university in erlang and his research work focuses on how testosterone affects the body specifically bone growth . one can deal with. some effect from. just asteroids and extradite its counterpart in females and contribute significantly to bone strength and density action from prenatal development to maturity of your own destiny in common in the clear example during the 1st 3 months of pregnancy testosterone causes the ring fingers of the male fetus to grow longer than the index fingers in. show times notes that in general women's index fingers are longer than they ring fingers in many it's just the opposite. here you can see that in this image of a man's hand. index finger is clearly shorter than the ring finger. because. testosterone clearly has an influence on bone growth even in the early stages of pregnancy it might also be responsible for the early development of the so-called power motive. as a scientist so i'm interested in finding out where that motive comes from i suspect that its origins can be found i

friedrich hayek wrote one of the most important books of all time, warning that the expansion of governmentght the second world war would permanently destroy liberty. we face a similar danger today. third the danger of a big business takeover. people say isn't it great that amazon and walmart are hiring hundreds of thousands. of course it's good people have jobs but what's happening is small businesses dying and big businesses feasting on the remain. this will destroy free-market competition which is the number one driver of american innovation. all right. so there are the three big consequences i predict we will get the view of kim and tammy and charlie straight ahead. don't go away. steve: we just heard what the long term fallout could be. big business takeover. let's give them one each. tammy you take the end of globalism. >> well, that is, and it would be an extraordinary result of this, obviously china has an interest in it continuing, other entities do as well and they are going to fight to maintain this. we know they cheat and they live so it's going to be a fight but at the same tim

friedrich hayek wrote one of the most important books of all time, warning that the expansion of government to fight the second world war would permanently destroy liberty. we face a similar danger today. third the danger of a big business takeover. people say isn't it great that amazon and walmart are hiring hundreds of thousands. of course it's good people have jobs but what's happening is small businesses dying and big businesses feasting on the remain. this will destroy free-market competition which is the number one driver of american innovation. all right. so there are the three big consequences i predict we will get the view of kim and tammy and charlie straight ahead. don't go away. rms and education. i see award-winning service, and a trade desk full of experts, available to answer your toughest questions. and i see it with zero commissions on online trades. i like what you're seeing. it's beautiful, isn't it? yeah. td ameritrade now offers zero commissions on online trades. ♪ well, actually...we're from a lot of places. you see we're from here and there and here... your family's s

not even friedrich hayek, the austrian school of economics believed in complete their markets. at the very least, even libertarian say that we need three rules in our markets. no fraud my no breach of contract and no price-fixing. we cannot have good markets if people can get income foods with each other. so the question is how are we going to enforce and implement the rules. what i argue in the book is that that conservative way to do it is through the private enforcement of the law reading in a back to the literature on privatization that was very popular during ronald reagan and margaret thatcher's times, in this literature basically says that we want to privatize everything. and therefore why should we want to privatize enforcement of the law as well. i identified six reason why. this literature advocates advertising. private solutions over government solutions. all six of these reasons apply to private enforcement of the law. number one. we would like smart governments. every thing else being equal, what smaller government, amy's lower taxes and fewer bureaucrats looking a

we attended a conference, it was really weird thing because what we're talking about ayn rand and friedrich hayek, the austrian economist nobel prize winner in beijing which was -- how cool is this? it was still with locals, chinese academics and journalists. but remind us all that the chinese, is part still in charge, the very next day, next morning, thugs showed up from the government and padlocked the doors with james and the conference was called off. china is trying to do this dance now what are giving away the freedom to engage in commerce and better your condition and prosper and the prophets, it also they are trying to control their thoughts and their minds and their political freedoms. we suspected not a sustainable path but there you go. quickly i will mention russia. ukraine was a chapter there. that's the stand in line, standing in line with the popular thing to do in the old soviet union. guess what, you still just in line if you're going to go see linen because they don't charge for lehmans to soy prices prices are too low, sometimes you get lines. there are still some soviet