the moment what we're hearing is that the investor class has no responsibility in kind of wacko milton friedman esque way to anything but their own self aggrandizement and they have no responsibility to society whatsoever it's a complete breakdown of the social contract and we're now into a chaotic period paul tudor jones looked at this and he said you know what big coin is actually a bet on humanity and where is buying into these plays that flame to the societal breakdown as wall street's recommending now of course why wouldn't they then you need to just side on your own volition do i want to be a part of the problem and invest in the destruction of america or do i want to buy big coin and invest in humanity and hope that the idea of america survives this meltdown yeah and i think it's important that it's more globalized like people and our telegram group they come from all corners of the earth i feel like a queen or i don't feel like americans like if this system has to collapse and then it has to collapse because that's what's that's the motions that outcome the fate is is written in stone a

i think it was put best by my late colleague famous economist milton friedman.said that those people who put equality before liberty are not likely to have much of either but those people who put liberty before equality are likely to have a large measure of loath. and so when people talk about inequality, inequality of income in a free society the where reason there is inequality of income is because one person satisfies his fellow man more than another but then there are other issues that produce inequality that is caused by government such as occupational licensing laws like new york city. at one time to own and operate one taxi you had to go out and buy a medallion a license that costs $700,000. that gives nine people the right to get into taxicabs in these taxicab owners will pay politicians political contributions to keep such a restriction. i think what we need to do, we need to make sure that there is what some people call a level playing field that each person has a right to pursue his own objectives without interference by others. mark: isn't that the p

kennedy, milton friedman in some ways archetype. and guys like bill gates that are other strong modernists. each of these comes out and as it evolves they reject the worldview that came before them. modernism rejected base and religion so many believed in reason and science. they don't believe in scripture or revelation. part of it there's a rejection that comes before. there's this alignment between traditionalist ethics and the modern science that drove america for many decades and so the progressivism came along then it talks about the flaws and failures in the previous worldviews. modernism didn't completely realize the limitations of modernity and so the environmental movement has come out of that because it has been producing economic progress and there are externalities coming out of that so people tend to have strong environmental views. in the last few years we've had and antiracism movement and the whole wok world ideology is a progressive mindset and basically arguing that america has inconsistent with its founding values

but, you know, it's long and variable lags as milton friedman said about monetary policy, eventuallyt the fed is going to be behind the curve on that, and then it's going to have to jam on the brakes. paul: all right, we shall see. we have to take one more break. when we come back, our panel's productions for 2021. ♪ ♪ time now for our predictions for 2021. peerless predictions, i might add. kim. start us off. >> everyone remembered john kerry's horrible deal. i predicted a repeat of those still are negotiating, only this time with china is joe biden's climate envoy, he's going to go to china on bended knee asking for cooperation. in return, give away the store, closer ties to hong kong, taiwan intellectual property theft, trade abuses, you name it. i'm predicting past his future even though i'm hope i am wrong. paul: bill. >> i'm going to endorse productions from two people i almost never agree with. cnn's jake and jim acosta. each man recently predicted in 2021, the press will retire from the resistance, lay down his arms and not be out the same kind of aggressive reporting to the

but, you know, it's long and variable lags as milton friedman said about monetary policy, eventually'm afraid a little bit that the fed is going to be behind the curve on that, and then it's going to have to jam on the brakes. paul: all right, we shall see. we have to take one more break. when we come back, our panel's productions for 2021. ♪ ♪ ow you can go to libertymutual.com to customizes your car insurance so you only pay for what you need? really? i didn't-- aah! ok. i'm on vibrate. aaah! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ new projects means you need to hire.gers. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. what do we wburger...inner? i want a sugar cookie... wait... i want a bucket of chicken... i want... ♪ it's the easiest because it's the cheesiest. kraft. for the win win. time now for our predictions for 2021. peerless predictions, i might add. kim. start us off.

>> it was really i think to a great extent milton friedman and mostly it was known as a famous new york times magazine article that was the business of business saying that business must have a single unitary goal of increasing value to shareholders, serving shareholders and mike as in, also a great guy and a great scholar sort of double down on that and made a very powerful argument starting in 1976 about how a corporation if it didn't have that singular goal, it wouldn't know how to make decisions. it would get confused and do all six of things that would end up being ineffective for the shareholders. that all happened in the 70s. that's the decade i think where this notion of there should be a singular goal. it should be efficiency and that efficiency, they believed would make the world a better place. it would be less expensive products and more value for shareholders and investors, etc. etc. so they stop thinking about the question of is it just that or is it a little more complicated picture. that went out the window, it's just that. >> roger, if not logic there's some history beh

wilensky come also sheila burke, fellow bpc of strategic advisor, baker donaldson, president fellow milton friedman chair at the american enterprise institute, dan crippen, former director dan crippen, former director congressional budget office, former commissioner of fda, chris jennings fellow at bpc and former clinton and obama white house senior healthcare policy advisor. lisa, former president and ceo of robert wood johnson foundation, bill roper, former director for the centers for disease control and prevention, -- senior advisor at bpc and president of the foundation for research on equal opportunity. mark smith former founding president and ceo of the california healthcare foundation, and leana wen, former baltimore city health commissioner. they will augment public health infrastructure, bolster health care capacity, improve federal interagency coordination coordination during public on -- public health emergencies reviewing federal health care , coverage policies during the pandemic, and enhancing safety in congregate living facilities and in transitions to homes and community-based serv

there's not a macro economist on the planet that knows how to fix this you could have milton friedmanrization and a fear-based politics from both sides saying somebody's got your stuff and i'm going to get it back. the competition in politics is important in a democracy iron sharpens iron, but the competition says the other side is evil, rich people, bankers, immigrants, foreigners, whatever, the other is going to take your stuff and i'm going to protect you, that's a bad competition. we need to shift the competition towards who is going to create more opportunity for americans i think that's what's going to happen in the next five years. republicans will do that through more economic growth, less fear of barriers, more entrepreneurship, on the left through better safety nets and that's a virtuous competition. that will solve our problems >> it's not just social media either if you watch fox news an then you watch cnn and if you watch them side by side, it's pretty staggering. >> yeah. >> the approach. sure no, they're drafting behind this like unvirtuous competition. the media is --