sir isaac newton established the basis of the english pound sterling in 1717, the very same isaac newton who pioneered the scientific revolution of the 17th and early 18th century. the weight unit which was established by law of the english pound in gold lasted until 1914. so, with all respect for edwards' dating, we had a 200-year constant unit of value established as the currency of first england and then of course the united kingdom. the gold standard was prevailing in the united states by virtue of the coinage act of 1792. in 1792, it was a bi-metallic system, gold and silver, which edward suggested itself had certain flaws which we haven't time to get into. but by 1834, gold was the sole established weight unit of the dollar, and it was defined in law as the currency of the united states. it was constant in its purchasing power and in its definition, but for the interruption of the civil war, until 1934. so the value of a currency defined by statute in gold weight had many examples in this feeble, imperfect laboratory of human history of a very stable purchasing power. what edward i

just as isaac newton said. i feel the same way, but i benefited so much for all these great economists who have come before me. >> mark skousen, you said that you teach. where are you teaching? >> i teach at mercy college and also one at sing sing penitentiary. i was teaching at columbia university. teaching the best and the brightest. i will tell you what, i teach in a maximum security prison. they are all male. i teach economics and business, they have an incredible thirst for knowledge. it is unbelievable how these men have been in prison and committed crimes in their youth, not trying to turn their lives around, i have had students at sing sing who had read the entire textbook before coming to class, and i could not say that about others. my wife teaches english literature at sing sing. it is a four year college degree program. all privately funded except for the prison itself. no pell grants or federal or state money, we have a nonprofit called hudson link that deals with that. it actually describes the wh

just like gravity, scientists long knew it was there, then isaac newton dils covered it. now, after decades of knowing this particle exists, they have finally seen clear evidence of it. they discovered it while smashing atoms together, breaking them down. right there in the emergency released newly discovered prt can. you've been smashing these particles together, trying to break it down and find it? >> that's right. we had this machine that excel rates protons. they slam together, creating 14 trillion electron volts. semithat churps at energies not seen since the instance of the big bang. when these two beams of protons collided, in fantastic energy, the spray of subatomic particles. we run the tape backwards, we do that to find what particle existed at the instance of the collision. >> reporter: at this particle was right there? >> was right there. >> reporter: so, when we hear big bang theory, this would be the prt can at the heart of it all? >> that's right. the theory said the universe expanded, but what put the bang in the big bang? why did it bang? what is the ener

where would web out sir ice ache >> isaac newton. do you think the pez dispenser -- he was using a family recipe. benjamin franklin, do you think he had government help. u.s. government was one of his insurrections. he needed government to invent government. did za waiting for the government to assist your creativity kills creativity. why invent a better mousetrap when the government hands out one that's almost okay. make sure inventors are at each other's throats. that's competition and why capitalists made the mustang and socialists gave us the ugo. >> are you surprised, bob, business owners oppose president barack obama? >> it's shocking. it's kept me up all night long. first of all, this was -- most of this was prehis comments that you all have takennen out of context. he's always been near the bottom with business owners and by definition, it doesn't surprise me. last time they were second to the bottom. the bottom of the fishermen and lumberjacks. i'm suspicious of breaking these out by job group but it's not surprising. >> his

where would web out sir ice ache >> isaac newton.hink the pez dispenser -- he was using a family recipe. benjamin franklin, do you think he had government help. u.s. government was one of his insurrections. he needed government to invent government. did za waiting for the government to assist your creativity kills creativity. why invent a better mousetrap when the government hands out one that's almost okay. make sure inventors are at each other's throats. that's competition and why

where would web out sir ice ache >> isaac newton. dispenser -- he was using a family recipe. benjamin franklin, do you think he had government help. u.s. government was one of his insurrections. he needed government to invent government. did za waiting for the government to assist your creativity kills creativity. why invent a better mousetrap when the government hands out one that's almost okay. make sure inventors are at each other's throats. that's competition and why

discovered, not merely imposed, it would also be binding on the discover, take a simple example, sir isaac newtonscovers a law, predictable pattern in the physical world that two objects are attracted -- between them, which is the force of law that will suffice to generate the elliptical orbits that have been described by previous astronomers. it doesn't follow from that that he is exempt from it. he's not attracted to other bodies. the difference for slot we just got a really interesting eccentric orbit just for him, if you were to shoot him into space and so on. it's the same law, if you will, applies to him, just the fact that he discovered it somehow doesn't extend you from it. and similarly, if we see long as something that is discovered, then the law institutions themselves that discover it or enforce it are subject to it. very important conceptual difference. so the definition of law given by lon fuller is one i think is both more consistent with the liberal tradition in our commitment, classical liberal amendment to freedom, the rule of law, personal dignity and so on. but also it capture