but read about milton friedman, read about what he chicago schools did in terms of converting economic towards socialism, crow principals thinking, and, read about russell kirk. and his emphasis of the roots of american quarter and what an ordered society means, why liberty has to be based on tradition, and you see all of a sudden that milton friedman is reinforcing this because we want freedom but the fundamental question is what do you do with that freedom? and ordered liberty. and we have volumes, one chapter, each of the great thinkers of the 20th century, mitch that story is here right now, in the conservative movement to bring together so many strains of ideas. that is the first thing i tell young people. the second thing is don't be discouraged. if you were around post very cold water and you are where we as, finishing my nba, parents were afraid i was going to drop out in pennsylvania, downtown philadelphia, strong goldwater territory. introducing barry goldwater, university of pennsylvania, robert strauss, who was 85, passed at age 102 but robert strauss was introducing it and

other side of the debate by over stimulating by flooding the economy with money and has even milton friedman said there's no connection between monetary policy deployment but of course with a site that even though there are vets there are god milton friedman no so again neither krugman nor these to jerk off respect the market they should because the market is better than academics making arguments based on their own theories and then faulty data we have interviewed professor steve several times about this over the past few years and he said this americans and many policymakers have this obsession with the government debt number is when it is private debt numbers that matter the most this is what according to steve kean's models suggest so i tweeted him and i asked how many times have you said on kaiser report that it is private debt not government debt that matters hash tag reinhart wrote off he responded yep stacy and i have a causal argument supported by correlation rather than dependent on it and i don't use excel well the private debt issue of course that would mean rolling back the acti

the other side of the debate by over stimulating by flooding the economy with money and as even milton friedman said there's no connection between monetary policy to employment but of course with a site that even though there are that's their god milton friedman no so again neither krugman nor these two jerk offs respect the market and they should because the market is better than academics making arguments based on their own theories and then faulty data we have interviewed professor steve several times about this over the past few years and he said this americans and many policymakers have this obsession with the government debt number is when it is private debt numbers that matter the most this is what according to steve kean's models suggest so i tweeted him and i asked how many times have you said on kaiser report that it is private debt not government debt that matters hash tag reinhart wrote off he responded yet stacy and i have a causal argument supported by correlation rather than dependent on it and i don't use excel well the private debt issue of course that would mean rolling back t

the idea, the individual might be a learned person like a milton friedman or a practical politician like a jim jordan who we'll hear from later on today, and the third i, the one that seems to be missing siewfn on the conservative side is the institution. when phil was going through some of the thoughts that occurred with miss of defense, welfare reform, social security, all these issues, they are not one shot deals. these are issues that come and then they hang around washington, and you have to keep refining them, have to be reaching new add convinces, you have to be kind of reselling them all the time. you have to make the sale time after time, day after day, and that's why you need an institution. you can't did a one person blogging machine who kind of is on a treadmill saying the same thing over and over again. you have to have an institution that goes out, sells those good ideas. it's been seven years now since dick cheney, the vice president, celebrated the 25th anniversary of reagan, 1983 strategic defense speech. it's now 32 year, and we just had obama say, yes, we have to beef

policy to employment but of course with a site that even though there are vets there are god milton friedman no so again neither krugman nor these to jerk off respect the market they should because the market is better than academics making arguments based on their own theories and then faulty data on keiser report we have interviewed professor steve several times about this over the past few years and he said this americans and many policymakers have this obsession with the government debt number is when it is private debt numbers that matter the most this is what according to steve kean's models suggest so i tweeted him and i asked how many times have you said on kaiser report that it is private debt not government debt that matters hash tag reinhart wrote off he responded yep stacy and i have a causal argument supported by correlation rather than dependent on it and i don't use excel well the private debt issue of course that would mean rolling back the activities of the private banks who are in the business of accumulating in this country for example in the u.k. the private banks have a

milton friedman you can't have both and pay your bills. it's order dimension. yes, we haven't had a terrorist jump across the riogrande lately or since 9/11. it's the same sorted of checks and balances that go on. those guys got in into the country pretty damn easy. people can come into other parts of the world pretty damn easy. immigration reform will not affect just mexico but every country, anybody from any country that comes here. >> neil: dagen, when i talked to marco rubio about this, i'm a name dropper. [ laughter ] >> neil: thank you very much. anyway, when i did talk to marco rubio one of the things he raised, look, neil, we can address these provisions. first of all they were provisions for tighter border security but we can go ahead and have a stricter process to focus on the individuals who are already here. i'm reminded we're not that in the losing losing legislation you put out. it does mn back going to the drawing board? >> it could mean that, but what the senators are a lot more palatable what is going on in the house because they want to addres

with this very bold -- if you want to get technical, she was a monitor wrist, a supporter of milton friedman. she was not exactly on the same page as ronald reagan, not a supply sider. her defenders will say she reigned in inflation. this veryght with tight fiscal policy at a time of high unemployment. to thenomists wrote times, saying her policy was completely mistaken, and the 1981 budget with fiscal tightening was exactly the wrong thing to do. essentially, it was the keynesian economic consensus, the orthodox economic consensus , telling her she was doing exactly the wrong thing. you can make a case -- we make the case that on balance she was doing the right thing, in challenging the keynesian orthodoxy. it had gone too far in the idea that government could always print money, that expanding the economy was always the solution. problem with inflation. she put emphasis on curbing inflation. standing in that dock, as the ghost of lady thatcher on trial , prosecution would say other economies in western europe took a different path, and their economies recovered at the same time. some of it

the images that are ruthlessly used her ideas which came from theoretical ideas hajek and so on milton friedman but they need to be fitted in with the washington consensus we mustn't forget she was elected very shortly after the british government of jim callaghan was in hock to the i.m.f. and world bank her first term was it mrs thatcher was of the i.m.f. and world bank it was running economic policy what she was doing neatly fitted in to a particular structure and a particular elite structure in britain that matched different types of wishes and desires so that we would end up with asset stripping on such a large scale and the mass sell off of of success one of them being a place. and the being a place of she was around now for her government is she the kind of character that you'd need a strong leadership in government now maybe to write some of britain's current problems. without doubt she's out there massive effect perhaps the biggest effect is on the parliament i remember watching her before bollman was televised in the house of commons and obviously this generation of parliamentarians wa

he talked about reading milton friedman. he opposed that gm bailout. then he supported tarp.ion in stimulus money is not enough. he supported the patriot act, warrantless wiretapping. and at the republican primary, his candidate was the anti libertarian, rick santorum. so, glen cannon now you e-mail me and say, i have been moving closer to libertarianism with every day. that is good news. what do you mean? >> i have always considered myself a libertarian leading republican. as is completely give up hope on any kind of republican that what actually did it. the republican party is a waste of time. so i have not really changed a lot of the things that i believed in. you get a few things right. i was never for the serious. never. john: this quote, 700 billion is not enough. >> must've been in just because there is no way. i was never for that. tarp, today's. i came out of a monday. people prepare because this is going to be bad. then i saw them put it together. as solid there were going to do. leadersry. by wednesday absolutely not. this is another -- this is corporate welfare. t

he talked about reading milton friedman. he opposed that gm bailout. then he supported tarp.n stimulus money is not enough. he supported the patriot act, warrantless wetapping. and at the republican primary, his candidate was the anti libertarian, rick santorum. so, glen cannon now you e-mail me and say, i have been moving closer to libertarianism with every day. that is good news. what do you mean? >> i have always considered myself a libertarian leading republican. as is completely give up hope on any kind of republican that what actually did it. the republican party is a waste of time. so i have not really changed a lot of the things that i believed in. you get a few things right. i was never for the serious. never. john: this quote, 700 billion is not enough. >> must've been in just because there is no way. i was never for that. tarp, today's. i came out of a monday. people prepare because this is going to be bad. then i saw them put it together. as solid there were going to do. leaders try. by wednesday absolutely not. this is another -- this is corporate welfare. the pa

i am sure you have read milton friedman which brings me to this serious prospect of all what does this say? to me it says we have lost the american people. it is a possibility conservatives don't like to deal with there is no real conservative party in europe and my parents immigrated from communist hungary and there is still no liberal presence there is what makes us think there has to be a strong conservative party republican here? i am not sure how many views on the autopsy report it was jammed packed with painfully obvious things we already know some of the things they found that the republican party was scary and narrow minded and out of touch that sort of thing. [laughter] i used to think the same thing. [laughter] and the perception the g.o.p. does not care about the people doing great harm to the party. as practical politics go it is wonderful to care about people with good personal morality and passion is a good idea. but if the future of the republican party tries to out care democrats are emphasizing democrats are out promise the democrats than what is the point* of the repu

. >> it was a milton free man or milton friedman victory. she was not a feminist.n ideologue. >> well, she was in the club that all the prime ministers get to join. >> john: does she get credit for breaking that cerealing. >> i was the only one born and reading the papers at this point. >> john: do you think she believed in climate change. do you think she would be accepted by today's conservatives. >> no, she's not insane. these people are crazy. she would be fighting in this day and age fighting to bring back, which is the enslavement of women again which is really is in so many ways. >> she compromised. that's the buried lead on her bio. she raised taxes. she lost fights. republicans today do not compromise. they will not do this. they will not do this. they will not do. >> obama compromises with himself. he surrendered before he has the fight. >> john: yes harry reid--he's willing to compromise before folding. i do have some positive things to say about margaret thatcher right after the break. stick around. ask if your heart is healthy enough for sex. (vo) she

moderate mainstream idea that there should be some type of guaranteed income supported even by milton friedman. so i would just like you to comment on it and see if there would be any traction with occupying other groups? >> interesting. there are a lot of people talking and there was an idea percolating around the movement as well. a lot of people especially coming out of italy and talking about it. and then there is the possibility of a global asic and, idea as opposed to a national impede the only state to have one is alaska. they have a permanent one. [inaudible] it's an interesting idea. i am not a policy guy. i'm interested in creating democratic forums and allowing people to debate and come up with ideas for themselves. should there be a free society? i always say i'm less interested in a blueprint and interested in creating and institutional structures where people can decide for themselves on the process they want to have. that's good to put on the agenda. my only suggestion has been in a slightly different direction but not an era console of a one. i have always thought, that we coul

you and i know, because we believe a lot of what milton friedman said, you can't have open borders ande state. unfortunately, that's what this amnesty bill is feeding into. >> one of the things that i gather, and i'm not an expert on all of the details of the bill, but there would be no public assistance for 13 or 14 years for immigrants who have legal status and are waiting in line for some more formal citizenship. nothing for 13 or 14 years. what's your take on that? doesn't that cover your objection? >> larry, i've heard a lot of promises about bills that have gone through congress. we heard them all with obamacare, dodd/frank, the stimulus. the only thing that i know about this bill is it's going to give legal status and eventual s citizenship to those who came unlawfully. the rest is promises and many are on the books and they have been ignored for years. the only way to solve this problem in a way that unites americans is to fix our immigration system in a way that works for americans before we try to deal with the problem that our system has created. >> all right. >> jim, one of

when you look at the data and the underlying facts, it isn't where the federal government -- >> milton friedmanhought there was four things, defend the borders, maintain law and order and foster competition. the rest is gravy. where does funding basic research fit in, representative? >> well, that's a great example of where at our state levels and our patent laws and sort of the ability to sell futures on innovation and invention. i don't mind funding true research, but i'm uncomfortable with the way we do it. when you look at there's only a handful of major universities that seem to pull down most of the money. yet, if you actually look at the great primary research innovations that have broken through and become products, only a couple of them actually have come through that process. they've come through private labs, literally garages or private companies. so we need to rethink how we're doing primary research. >> that's a good point. thank you so much for joining us. >> enjoyed it. >> up next, apple's ceo tim cook had two words for his company's chinese customers today. i'm sorry. next with

milton friedman, to paragrade him, argued that the most important thing in politics isn't trying to elect the right people, it's changing the political incentives so that the wrong people will do the right things. and i think that that is really the vital work that a lot of organizations do. i think many of these organizations need to think more in terms of how next to reach the persuadable middle and to address and to get them to understand that this is not obstructionism for obstructionism's sake, that opposition to big government is not simply trying to frustrate president obama's domestic agenda because conservatives just want to or are ip corrigible or contrarian, but that we actually have an opportunity to maybe fight big government in a way that people understand, that there are reasons that will benefit them in terms of the personal liberty, their personal freedom and their prosperity, their checkbook at the end of the day. i think one sort of telling republican leader who i talk about in my book is paul ryan. i think paul ryan, chairman of the house budget committee, really demon

that she came in as a very bold , monetarist, supporter of milton friedman.he was not exactly on the same page as ronald reagan. she reinders will say in inflation. she was right with this very tight fiscal policy at a time of high unemployment. 364 economists wrote to the times saying her policy was completely wrong and it was exactly the wrong thing to do. orthodox economic consensus telling her she was doing exactly the wrong thing. so you could make a case, we make the case, that she was doing the right thing and sort of challenging the orthodoxy that governments could always print money and the government is always the solution, expanding the economy is always a solution. we had a gigantic problem with inflation. she put much more is this is on curbing inflation. , putting theng ghost of lady thatcher on trial, the prosecution would say, other economies took a different path and their economies recovered at the same time, so perhaps some of it was more to do with macro site curbs -- macro cycles and the wider economy. you could get into details economic

met with shuttle and economist friedman. >> milton made a xent about political science and she lookedid milton there noise such thing. there's politics but 32 is no science. >>reporter: today former secretary of state rice wrote that she was honored to know margaret and inspired by her former clinton labor secretary rice tweeted that margaret that that mucher gave ronald reagan the courage of his misguided conviction. both loved and loathed margaret transformed her country and helped toen the cold war. soviet after all that dubbed her the iron lady. in the newsroom, abc 7 news. >> something tolls keep in mind is a public official she was subjected to sexism to men and women. when she entered politics there were no women judges in britain. no women ambassador or on television news or banker brain surgeon or airline pilots.in fact women couldn't get a mortgage buy a car or house in britain or own bank account if they were married. the historian says it's impossible to state just how much margaret changed the perception of whether women could do. >> well the navy today unveiled new techn

scholar of the great depression and who has his analysis totally wrong because he xeroxed it from milton friedmantally wrong about what the fed did in 1930 happened to be chairman of the fed. topanicked and he happened go around in the circles of government muttering great depression 2.0, we cannot make the same mistake that the fed made in 1931, which was not a mistake, and they did not have to avoid it. soon you have hank paulson running around, who has a five- minute attention span, a highly unstable, emotional -- who fans the flames of -- and this is true -- read his own memoirs -- pretty soon the two of them had created a panic in the beltway that led to the stupid thing called tarp in march and sent to the congress up the hill instantly for $700 billion without reading the legislation. what kind of nonsense is that? there are both people like david and me, pete domenici, who in a flash had everything they had done in their whole life wiped out by the panic reaction of paulson. you think i am on paulson's case for good reason? yes, i am. there was not a great depression in store. it happened

scholar of the great depression and who has his analysis totally wrong because he xerox it from milton friedman, who was totally wrong about what the fed did in 1930 happened to be chairman of the fed. he panicked and he happened to go around in the circles of government muttering great depression 2.0, we cannot make the same mistake that the fed made in 1931, which was not a mistake, and they did not have to avoid it. soon you have hank paulson running around who has a five- minute attention span, a highly unstable, emotional, who fans the flames of -- and this is true -- read his own memoirs -- pretty soon the two of them had created a panic in the beltway that led to the stupid thing called tarp in march and the congress up the hill, instantly for $700 billion without reading the legislation. but of nonsense is that? people likeoth david and me, pete domenici, who in a flash had everything they had done in their whole life wiped out by the panic reaction of paulson. you think i am on paulson's case for good reason? yes, i am. there was not a great depression in store. it happened in 1930 bec

one great scholar of the great depression and who has his wrong becausely he xeroxed it from milton friedman, who was totally wrong 1930 what the fed did in theened to be chairman of fed. he panicked and he happened to go around in the circles of government muttering great depression 2.0, we cannot make the same mistake that the fed made in 1931, which was not a mistake, and they did not have to avoid it. soon you have hank paulson running around, who has a five- minute attention span, a highly unstable, emotional -- who fans the flames of -- and this is true -- read his own memoirs -- pretty soon the two of them had created a panic in the beltway that led to the stupid thing called tarp in march and sent to the congress up the hill instantly for $700 billion without reading the legislation. what kind of nonsense is that? there are both people like david and me, pete domenici, who in a flash had everything they had done in their whole life wiped out by the panic reaction of paulson. you think i am on paulson's case for good reason? yes, i am. there was not a great depression in store. it hap

depression who has his analysis of the great depression totally wrong because xeroxed it from milton friedman who was totally wrong about what the fed did in 1930 and 1931 happened to be chairman of the fed. so he happened to panic. and he happened to go around in the circles, high circles of government, muttering great depression 2.0. we can't make the mistake the fed made in 1931, which wasn't a mistake that they made and therefore, they didn't have to avoid it but this guy thought it was. pretty soon you have hank paul son running around who tempermentally has five minute attention span. highly unstable and emotional. he fans the flames of, you know, this is true. this is really what happened. and it is not something make up. read his own memoirs you will see. read too big to fail and all the other histories. pretty toon the two of them create ad panic in the beltway that led to the stupid thing called tarp in marching congress up the hill instantly for 700 billion without even reading the legislation, what kind of nonsense is that? they're are great heroes of david and mind who had been w