advocates of early government activity in government, in england, government including utilitarians, john stuart mill, i would say adam smith was definitely of the vehicle liberal school rather than contemporary libertarian school. smith saw that society was not desirable when it was divided between a few rich and many poor and that is what we have in the united states, different from society that our founders envisioned and advocated, no question if george washington and thomas jefferson and john adams, james madison and thomas paine, benjamin franklin, were here today, they would be advocating -- wouldn't say society in which the top 1% have 42% of the wealth on their way to 50% in the bottom 50% have 1% of wealth, but that was a good society, that wasn't their view at all. they thought government too often became the service of the wealthy and powerful and that was opposition to government. it wasn't that in government the portended to take the resources of the rich. the problem in government was the rich tend to take the resources of the poor. that is the situation we face in american society tod

john stuart mill is his favorite economist. he has written a biography -- friedman. you would think he would be in that camp but he has drifted. in santa monica or santa barbara, he teaches there. he has been affected by the purple kool-aid a little bit. in favor of a progressive tax, rather high progressive tax, milton friedman and so on, skeptical of progressive tax as am i and the supply side in general but the idea of transferring wealth from the private sector to the public sector, i can't see how that would be beneficial. i question lanny's for them of how he is seeing things these days. >> host: you mentioned sound money. what is that to you? >> guest: you need a monetary system that imposes discipline on central planners. how much does it cost? we have paper money. a lot of paper money. a $20 bill with andrew jackson on it but it costs $3 to mint that. to physically, that is the cost of production and $100 bill, same thing, $3. or $0.03, i am sorry. that was the liberty bell, by the way. people are ringing it how often they have been to freedomfest. if you ha

since all this stuff starts on campus nowadays john stuart mills if we can bring one person back to help us today it would be john stuart mills. at the academthe academy is puta beautifully illustrated edition of liberty just chapter to which contains the most brilliant thoughts and arguments ever made for the importance of the free speech. and in working on the text, i am co- editing it i have the pleasure of savoring his metaphors and insight that are all still there today. so here is one of my favorite quotes. he says it isn't the mind of heretics that have deteriorated most by the band placed on the inquiry which does not end in the orthodox conclusions. the greatest is to those that are not heretics and whose whole mental development is cramped and the reason by the fear of heresy. who can compute what the world loses in the multitude of promising intellects combined with ten metacharacters who dare not follow out any vigorous independent train of thought to land them in something that would admit to being considered religious or immoral. there are no timid characters on the panel t

as well as john stuart mill, on liberty. which today still functions as a major text for people thinking about free speech, about libertarian political philosophy. he then added i always wanted to get president edwards, on the will. gary: that spoke to you? allen: it did great. here is a man who does not simply read the newspapers and do a crossword puzzle. it is a man who has ambition to penetrate some very serious intellectual questions. it is part of lincoln that we miss because we are so impressed with the folksy political act, slapper, shrewd, wire puller. that is what we are most similar with. we do not often see what his closest friends had a peek into. gary: how do you explain his facility with language. we can talk about this with his ability to deal with complicated issues and render them in language that can store or make a point -- soar or make a point in no way that anyone was able to do. how do you get to the second inaugural with someone's background and his education? john stuart mill did not teach him how to

if we could bring one person back from the dead it would be john stuart mill's. and that is one of the most brilliant parties ever made. >> into a have the pleasure in with the metaphors in the insights and the understanding of the nuances. so here is a favorite quotation. it was an alliance of heretics' of the hall inquiry it does not end in the orthodox conclusion. and with that whole mental development with the fear of heresy food can compute what the world loses with the promising intellect who dared not any independent train of thought. there are notes amid characters on the panel to my left only those who have devoted their careers to independent terrines of thought. [applause] [inaudible] the foundation for individual rights at heterodox academy thanks for making this conversation possible to our video and podcast audience to the first-ever live edition of the free speech broadcast. i in your hosted for those not familiar every other week takes in necessarily. >> this weekly take a small step away from free speech issues lookee add a related issue and that

as well as john stuart mill on liberty. still functions as a major text for people thinking about free speech, about libertarian political philosophy. he then added i always wanted to get president edwards on the will. to you?at spoke it did great. here is a man who does not simply read the newspaper is and do a crossword puzzle. ambition towho has penetrate some very serious intellectual questions. it is part of lincoln that we miss because we are so impressed political acty wire puller.d that is what we are most similar with. what his often see closest friends had a peek into. gary: how to use when his facility with language. with hislk about this ability to deal with complicated issues and render them in language that can store or make a point-- sore or make in no way that anyone was able to do. how do you get to the second inaugural was someone's background and his education? jon stewart no i don't think -- allen: no. one thing that would shape lincoln was being a communicator. in this case he was a trial lawyer. he spe