Dems are confused why President Trump's foreign policy seems to be working, the media experts demonstrate they know nothing about gender or babies, and we check the mailbag. Ben Shapiro's Sunday special guest for the show is someone you know and love! Subscribe to the show and let me know who you think is the best guest for our Sunday special! Subscribe today using our podcast s promo code: "ELISSA" to receive 20% off your first month with discount code: MKU20 at checkout. Enjoy & spread the word to your friends about the show! The opinions expressed here are our own, not those of our companies, and do not necessarily reflect those of any other companies or organizations. We are not affiliated with any government agency, financial institution, or political party. If you have any questions or comments regarding any of the topics covered in this episode, please contact us at bit.ly/AskBenShannon and we'll get right back to you in the next Monday's mailbag! Thanks for listening and share the podcast with your fellow gold and silver fans! Peace, Blessings, Cheers, Ben J. Shapiro -EDGERS. Timestamps: 1:00 - Why Trump's Foreign Policy Is Working? 2:30 - Why Obama's Foreign policy Is Working 3:00- Why the Media Experts Know Nothing About Gender or Babies? 4:15 - Why President Trump Is Great? 5:00 6: What's the Bigger Problem? 7:15- Why Donald Trump Is Working Better Than Barack Obama? 8: Why Obama Is Better Than Donald Trump? 9:00: Who Are We Better Than Hillary s Foreign Policy? 11:40 - What's a Good Person? 12:10 - Who's Working Better? 15: What Would You Rather? 16:30- What's Better Than Trump's Vision? 17:10- Why Trump Is Better than Hillary's Views On Baby? 18: Is It Better Than Me? 19:40- Why I'm Better Than My Opinion? 21: Why I Think I'm Not Better Than You? 22:00 | What's My Reaction? 25:00? 26: Is My Reaction To Bo Bergdahl's Reaction to Bo Berahl Better Than Obama's Reaction To My Opinion On This? 27:00 + 17:00 Is This Better Than That?
00:00:14.000So we have a ton coming up on today's show, plus I'm going to tell you a little bit later in the show who our special guest is for our Sunday special.
00:00:21.000It's somebody that you know, somebody that I think that you will like.
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00:01:50.000First of all, there was the removal of the United States from the Iran deal, which was, as I've said many times, a very strong move, a useful move.
00:01:57.000Also, President Trump was able to bring home three American citizens who had been held captive in North Korea.
00:02:13.000Why is it that his foreign policy seems to be achieving greater results than Barack Obama's awful foreign policy, which was based very much on the idea of a world working together where we reach out our hands, an open hand, and we never threaten.
00:02:38.000You can see the puzzlement on the faces of the folks in the media.
00:02:40.000They just cannot understand why it is that Donald Trump seems to be succeeding in this way.
00:02:45.000The latest indicator comes courtesy of NBC's Haley Jackson.
00:02:48.000So Haley Jackson was covering President Trump's photo op with the Koreans, with the American citizens in North Korea who had been released.
00:02:57.000And Trump went to meet them on the tarmac at like 2 a.m., 3 a.m., and then he spoke about it.
00:03:02.000And watch NBC's coverage here, because it truly is amazing when you juxtapose this coverage with the coverage of the media at Bo Bergdahl's release back to the United States by ISIS.
00:03:13.000You recall that Bo Bergdahl had been taken prisoner, rather, by al-Qaeda.
00:03:16.000And you recall that the president of the United States traded five top terrorists for Bo Bergdahl, who was in fact a traitor.
00:03:22.000It turns out that he was being tried for desertion.
00:03:26.000And Bo Bergdahl, this was treated as a wonderful thing.
00:03:29.000Barack Obama had a photo op in the Rose Garden with Bo Bergdahl's parents talking about how wonderful it was to bring Bo Bergdahl home.
00:03:45.000Well, there's no question that these particular American citizens were not, in fact, deserters from the American military, and we didn't have to trade terrorists to get them back.
00:03:53.000But watch NBC's coverage of Haley Jackson.
00:03:55.000But what was striking was that this was, listen, Donald Trump's a former reality show producer.
00:04:00.000This was a staged production meant for television, meant for the cameras, meant to be shown and seen here in this country and around the world.
00:04:08.000You had floodlights lighting up this 30 by 50 foot American flag hanging in between two
00:04:37.000You mean like the exact photo-op that Barack Obama did in the Rose Garden with Bo Bergdahl's parents to announce the return of a deserter in exchange for terrorists?
00:05:19.000The media can't understand how a reality TV guy became president of the United States because he was the second reality TV guy to become president of the United States.
00:05:53.000Because Donald Trump got to have a photo op.
00:05:55.000And if he got a photo op, that means that Trump must have given up something awful in exchange.
00:06:00.000I think he is very smartly and very masterfully, Kim Jong-un, escalated and saber-rattled so that he could then switch and appear much more accommodating and present a more peaceful face.
00:06:16.000And so now we've gone from Mr. Trump calling him Rocket Man and Sick Puppy to Honorable and Nice.
00:06:23.000Okay, well, did it ever occur to John Brennan that Donald Trump does that as a fig leaf for his actual policy?
00:07:02.000But in any case, John Brennan making the case that Donald Trump is being duped by the North Koreans, with no evidence that he's actually being duped by the North Koreans to this point, other than Donald Trump said something on a tarmac about these people being treated very nicely by Kim Jong-un, which obviously was untrue.
00:07:17.000File that one in, Trump says a lot of stuff.
00:07:19.000But for a guy who's a dupe, he seems to be doing pretty decently at this, and at least he's surrounding himself with people who are certainly not being duped.
00:07:26.000Now, speaking of Democrats who say that Trump is being duped, Nancy Pelosi, she of the moving dentures, she suggested that President Trump had failed in his oath to protect and defend the United States by pulling out of the Iran deal.
00:08:14.000When Jon Penhort made a great point over a commentary, he said, one of the reasons that the Democrats were so attached to the Iran deal is because they felt it was a great triumph of them over the public.
00:08:23.000It was their ability to steamroll everybody and push through a deal that everyone thought was garbage that made them celebrate it.
00:08:29.000They thought it was a real demonstration of their power, of their will, of their ability to cram down things the American people didn't want on a stupid, unwilling American public.
00:08:40.000But Donald Trump breached some sort of constitutional duty by pulling out of a deal with a terrorist nation?
00:08:48.000Or is it Barack Obama breaching his constitutional duty to defend the United States by signing a deal with a regime that has killed American soldiers?
00:09:16.000There's a reason why the American people are trusting Republicans more on foreign policy these days than they trust Democrats.
00:09:21.000And part of that is because the American people, when it comes to foreign policy, they're not as sanguine about the possibilities of a beautiful world as Democrats are.
00:09:29.000Democrats seem to always believe that if we are just nice to everyone else, everyone else will be nice to us.
00:09:38.000That's an American foreign policy that I think that the American people agree with.
00:09:42.000Another demonstration of this, obviously, is the Democrats' newfound opposition to Gina Haspel.
00:09:47.000Gina Haspel, of course, is the CIA nominee to be first female director in the history of the CIA, and Democrats are just fighting mad about this.
00:09:56.000How could Gina Haspel even be considered, considering that she worked at the CIA at a time when the CIA was engaged in waterboarding of terrorists?
00:10:02.000How could they possibly do all of this?
00:10:04.000Now, they were totally fine when John Brennan was at CIA.
00:10:07.000Didn't matter that John Brennan worked at the CIA at the time when waterboarding had been approved.
00:10:11.000It didn't matter that half the people at the CIA worked at the CIA at the time when waterboarding was used.
00:10:16.000But now, even the remote idea that waterboarding was a necessary evil, that it was something that we had to do, but it did not constitute formal torture, that has been thrown out.
00:10:26.000No, if you say this, it makes you a cruel, inhumane, bad person.
00:10:29.000Now, John McCain has said some of these same things about waterboarding, but I have a little more sympathy for John McCain saying them, considering the man was actually tortured in custody for seven years.
00:10:36.000I have a little more sympathy hearing that from John McCain, who was tortured for no reason.
00:10:41.000Legitimately no reason other than to try and break him.
00:10:44.000I have more sympathy for that position from McCain than I do from Dianne Feinstein, who knows better than to assume the best about people like Khalid Sheikh Mohammed.
00:10:51.000One of the things that was hilarious this week is Khalid Sheikh Mohammed, who was one of the masterminds of 9-11.
00:10:57.000There were suggestions that he was going to be allowed to testify against Gina Haspel, that they were going to bring an actual terrorist responsible for 9-11 out of jail so that he could talk about the horrors he experienced at the hands of Gina Haspel.
00:11:09.000If you want to make Gina Haspel president of the United States, that is the best way to do that.
00:11:13.000Seriously, bring a terrorist out there to talk about how Gina Haspel was mean to him.
00:11:17.000I would vote for her for president after hearing that, because Khalid Sheikh Mohammed deserved every little bit of everything that he got.
00:11:23.000But beyond that, he also gave us a lot of actionable intelligence because we waterboarded him.
00:11:28.000In just a second, I'm going to show you a clip of Dick Cheney.
00:11:30.000I'm going to play for you a clip of Dick Cheney talking specifically about how Democrats really don't get it, right?
00:11:36.000He explains why it is that waterboarding was a necessary thing at the time, and again, demonstrates why it is
00:11:42.000That so many Americans are not going to trust Democrats on foreign policy for quite a while after Barack Obama.
00:11:46.000But first, I want to say thanks to our sponsors over at Bull and Branch.
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00:13:02.000Speaking of democratic inability to understand the heart of the American public, the truth is that in elections in the United States from basically World War II on, Republicans were trusted with security far more than Democrats.
00:13:13.000So after the end of World War II, and really with the rise of President Eisenhower in the 1952 election, since then Republicans have won every foreign policy election and they lost a lot of domestic elections.
00:14:19.000They'd been convinced by the media that the Iraq War was the wrong thing to do because there weren't massive stockpiles of new WMD found in Iraq in the first place.
00:14:26.000And so we had a domestic policy election and Barack Obama won on the basis of that.
00:14:31.000But the reality is that when it comes to crises in foreign policy, Republicans are trusted more than Democrats because Republicans are more realistic than Democrats on all this stuff.
00:14:40.000They see the world as a dark place filled with people who are trying to kill us and we have to strengthen our hand.
00:14:46.000And this is why Dick Cheney, for all the talk about him being this evil Darth Vader-esque figure, there are a lot of folks in the United States who believe, well, maybe you need Darth Vader if you're staring down somebody even worse.
00:14:55.000Well, here's Dick Cheney talking about why the use of waterboarding during the War on Terror was a useful thing.
00:15:01.000The techniques we used were not torture.
00:15:05.000A lot of people try to call it that, but it wasn't deemed torture at the time.
00:15:08.000The techniques we used are techniques we use on our own people in training.
00:15:12.000We didn't go out and make them up someplace.
00:15:15.000The President signed off, I signed off, the National Security Council signed off.
00:16:06.000The Mueller probe continues to unfold, and obviously members of the Trump administration are interested in wrapping this thing up.
00:16:12.000Is this all a prelude to President Trump firing Robert Mueller?
00:16:15.000I doubt it, but I think that they are trying to push publicly for Mueller to end this probe, and I think that's appropriate, because I think that the Mueller probe does not appear to have come up with anything so far in terms of actionable intelligence about the Trump administration.
00:16:27.000A lot of the late-breaking news is about Michael Cohen, not about President Trump, and short of anything about President Trump and Russian election collusion,
00:16:33.000I don't see the evidence at this point.
00:16:35.000So here's Mike Pence, the vice president, yesterday saying, listen, it's time to wrap this stuff, this stuff up.
00:17:23.000The FBI has been looking into this for two years, and the best they've been able to come up with is George Papadopoulos, a low-level staffer, met with some Russian agents in London to talk about leaks of Hillary emails, and it went nowhere, and then lied to the FBI about it, Papadopoulos, which is why he is probably going to end up, you know, cutting some sort of bargain.
00:17:39.000All we've ended up with is a FISA warrant on Carter Page that resulted in no prosecution whatsoever.
00:17:45.000All we've ended up with is a prosecution of Mike Flynn based on him fibbing to the FBI about having a conversation with the Russians after the election, having nothing to do with Trump-Russia collusion.
00:17:55.000What any of this stuff has to do with actual Trump-Russia election collusion is beyond me.
00:17:59.000And I think Trump is rightly angry about this.
00:18:01.000John Kelly, the chief of staff for President Trump, he says that mostly the president is just embarrassed and annoyed by the investigation at this point.
00:18:08.000Is there a cloud because of it hanging over this White House?
00:18:10.000Well, yeah, you know, there may not be a cloud, but certainly the president is somewhat embarrassed, frankly, when world leaders come in.
00:18:19.000You know, Bibi Netanyahu is here and he was under investigation himself.
00:18:23.000And it's like you walk in and, you know, the first couple of minutes of every conversation might revolve around that kind of thing.
00:18:28.000I mean, you've got to sympathize with Trump to the extent that Trump knows he didn't collude with Russia, and yet he's been hearing for two years that he won an illegitimate election because he colluded with Russia.
00:18:46.000So if Mueller's got something, at a certain point you've got to say, dude, wrap it up, present your evidence, let's see what you've got to show.
00:18:52.000If you've got nothing, then you've got nothing.
00:18:55.000Now, with all of that said, all of the hubbub now surrounding Michael Cohen is obviously not good for President Trump.
00:19:00.000The president has not surrounded himself with the best people.
00:19:09.000And the fact that Michael Cohen continues to haunt the president is largely a problem of President Trump's own making.
00:19:15.000AT&T announced today that they apologized for ever having given money to Michael Cohen.
00:19:20.000They were apparently giving money to Michael Cohen in the hopes that he would essentially lobby the President of the United States on the AT&T Time Warner merger.
00:19:26.000The head of AT&T's Legislative Affairs Office actually resigned today over all of this, even though no illegal activity took place.
00:19:34.000They can give Michael Cohen any amount of money they want.
00:19:36.000It's really up to Michael Cohen to register as a lobbyist.
00:19:39.000But it does make it difficult for the President of the United States to claim that he's trying to drain the swamp when all the people around him
00:19:45.000I reckon in the cash like Michael Cohen.
00:19:51.000Under my administration, we're fighting against the lobbyists, the special interests and the corrupt Washington politics.
00:20:00.000After years of rebuilding foreign countries,
00:20:05.000Of which a lot of people partake in the cost of rebuilding those foreign countries.
00:20:11.000We are finally rebuilding our country.
00:20:14.000Okay, so when he says drain the swamp in these rallies, it's difficult to say that while Michael Cohen is pulling down $2 million to be friends with Donald Trump.
00:20:30.000As far as shrinking size of government and regulation, I think that the president is doing his best, although he has signed into law a couple of terrible omnibus packages he never should have signed into law.
00:20:39.000The real kind of draining the swamp has little to do with firing Michael Cohen as his attorney.
00:20:43.000It has a lot more to do with cutting the size and scope of government.
00:20:48.000In some ways has his heart in the right place there, although he's not cutting the size and scope of government, I think, nearly enough to suit me.
00:20:53.000But it does not help his case when Michael Cohen is running around being Michael Cohen.
00:20:57.000OK, now, meanwhile, the expertise of the left is on full display.
00:21:01.000And when it comes to matters of genetics and reality,
00:21:25.000I've listened to a few of their first episodes and it really is good.
00:21:29.000American Innovations is hosted by popular science author Stephen Johnson and they tell you stories behind a lot of the science that you've heard of but you don't know the backstory to.
00:21:36.000So they tell you the full story behind DNA and the mapping of the human genome.
00:21:40.000They tell you the whole story, the whole backstory behind the rise of the personal computer, how it happened, artificial intelligence, all of these things.
00:21:46.000You become smarter just by listening to this podcast.
00:21:48.000It's not a typical science podcast, just a guy talking into a mic about science.
00:21:52.000You're not only going to hear about the science behind some of America's greatest innovations, you'll actually be immersed in the dramatic moments behind the people, place, and time that led to the amazing discoveries that we are all living in, that we all get to benefit from in our lives.
00:22:05.000The first six episodes are actually written by New York Times bestselling author Sam Keen.
00:22:08.000You can hear the first three episodes right now by searching for American Innovations on Apple Podcasts.
00:22:12.000So this weekend, when you're not listening to my Sunday special, and when you're not catching up on Ben Shapiro's show, tomorrow is Saturday.
00:22:41.000So, speaking of science, the left obviously is having some trouble with the science.
00:22:46.000So, this comes up in a couple of different contexts today.
00:22:49.000Context number one, apparently Donald Trump told John McEnroe, the former number one seeded tennis player,
00:22:56.000He's got to be pushing 60, John McEnroe.
00:22:58.000But John McEnroe was apparently at some event and Donald Trump passed a note up to him offering to pay John McEnroe a million dollars if he would play a match with Serena Williams.
00:23:06.000Here is John McEnroe talking about it.
00:23:08.000I was calling a match and suddenly I get this envelope and it's from Donald Trump, you know, who's promoter galore.
00:23:16.000Little did I know what was going to end up happening, nor I believe anyone else.
00:23:20.000So he wrote me a letter, said, you know, dear John, you know, I want to offer you $1 million again to play either Serena or Venus.
00:23:31.000And so over the course of time, literally, you know, my kids, you know, my daughters have... Dad.
00:24:11.000So here is here is Christine Brennan trying to explain.
00:24:13.000Can we talk about him saying that he was sure that he would have beaten Serena or Venus Williams?
00:24:21.000I mean, I don't think he can be so sure.
00:24:24.000Well, he's in his late 50s, Brianna, and
00:24:27.000I don't think anyone would want to see that, but I think Serena Orvinas would have pummeled him a la Billie Jean King over Bobby Riggs back in 1973.
00:24:36.000Okay, Billie Jean King beat Bobby Riggs because Bobby Riggs threw the match.
00:24:40.000Okay, he legitimately threw the match and he was a drunk old dude.
00:24:43.000The idea that that match is one of the great annoyances for anyone who knows anything about sports.
00:24:49.000It is such an annoyance when people say that Billie Jean King beat Bobby Riggs straight up.
00:24:53.000Okay, Bobby Riggs threw the match before the match.
00:24:58.000There's very little doubt about this at this point.
00:25:00.000And here is my proof that John McEnroe would in fact beat Serena Williams.
00:25:03.000And certainly in his prime would have beat Serena Williams, no question.
00:25:06.000First of all, Serena Williams has said before she doesn't plan the men's tour because she wouldn't win on the men's tour.
00:25:37.000So Serena was talking about how she might be able to beat some of the men.
00:25:40.000And he said, OK, want to play a match?
00:25:41.000And so both Serena and Venus showed up to play matches with him, just for fun.
00:25:47.000So Brash, this is according to USA Today,
00:25:57.000Word had spread around the grounds the event was taking place, which caused tournament officials to restrict admittance to the area to only those with badges.
00:26:03.000Brash smoked and sipped beers during the changeovers, and to be honest, no longer looked the part of a fit professional athlete.
00:26:09.000Brash led 5-0 over Serena before winning the set 6-1, and then posted a 6-2 set victory over Venus.
00:26:16.000Okay, he was old, he was ranked 203rd in the world, he was smoking and drinking beer between the rounds, and he kicked the crap out of Serena and Venus Williams.
00:26:22.000That is not a rip on Serena and Venus Williams as athletes.
00:27:05.000Serena ranked at 13.36, which doesn't sound terrible until you realize that that is the same ranking as a mid-ranked male college tennis player.
00:27:14.000Okay, so men and women, they don't have the same capacity.
00:27:16.000Okay, this is true when it comes to throwing baseballs as well.
00:27:19.000Women, on average, cannot throw as fast as men.
00:27:21.000There are some women who can throw pretty fast.
00:27:23.000There are no women who can throw 95 miles per hour.
00:27:25.000Okay, the average woman throws a baseball slower than... This is a real statistic.
00:27:54.000But feminists, don't you understand you undermine your case when you suggest that men and women are exactly the same or they should be treated exactly the same?
00:28:01.000Don't you understand that it's really stupid?
00:28:04.000Fallon Fox, who is a dude who is transgender, fights women in MMA and beats the living crap out of them because he still has male musculature.
00:28:13.000And it's unfair because it's a man beating the hell out of women?
00:29:05.000But if you leave a space and wait for body language and wait to make eye contact, then you're letting that child know that their response matters.
00:29:19.000Okay, as a parent of two, okay, as a parent of a four-year-old and a two-year-old, one of whom is out of diapers and the other one who will soon be out of diapers, I hope, okay, here's the truth.
00:29:27.000If you leave your kids to decide when they want their diapers changed, they will have diaper rash forever.
00:30:56.000First, I want to say thanks to our sponsors over at the USCCA.
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00:32:25.000How do you know that your question is actually going to be answered?
00:32:27.000You know it's going to be answered when you actually send it to me via Daily Wire.
00:32:31.000And the way you do this is you go to our Daily Wire chat room right now, as I'm about to do the mailbag, after you subscribe, and then you can ask me questions live and I will answer them for you on air.
00:32:40.000Plus, you can ask questions of our other hosts, including the excorable Michael Mowles.
00:32:43.000It's almost time for our next episode of The Conversation.
00:32:46.000Tuesday, May 15th, 5.30pm Eastern, 2.30pm Pacific.
00:32:49.000Michael Mowles will be here to answer your questions, which means that he will stare blankly into camera and then make an obscure reference to a Catholic theologian you've never heard of.
00:32:56.000Michael Knowles will answer all of those questions if you go over to dailywire.com and you subscribe.
00:33:01.000All you have to do to subscribe, go over and subscribe.
00:33:03.000And then everybody can watch this right at YouTube, Facebook.
00:33:07.000Elisha Krauss will be there and she will be reading all of your questions to him live for a full hour and you will get all of your questions answered, even if badly, by Michael Knowles.
00:33:36.000It's really a lot of fun to listen to.
00:33:38.000You've seen a lot of hubbub about the intellectual dark web this week.
00:33:41.000Well, Dave is a charter member and a connector within the intellectual dark web, and we'll have full discussions about Dave's philosophy and the stuff that Dave has to say.
00:33:49.000Well, and here's a little bit of what it sounded like when I sat down with Dave Rubin.
00:33:52.000One of the great things about Dave Rubin is that the first time I was introduced to you, I think it was probably on your show.
00:33:56.000I don't know if we knew each other before I was on your show.
00:33:59.000And you are, I think, one of the best interviewers in the business.
00:34:02.000So people normally see stuff like this and expect us to see the chairs reversed.
00:34:05.000But what's what's really fun about this, I actually want to ask you about some of your own journey, because you don't actually get to talk about that too much.
00:34:11.000Very quickly, though, I just for the record, clearly, by you being an interviewer, you stole this from me.
00:34:16.000I was the one that came up with the idea of the interview.
00:34:36.000Go over to iTunes, leave us a review, subscribe.
00:34:39.000If you want the annual subscription, then get the annual subscription, which comes along with this, the very greatest in leftist tears, hot or cold vessels.
00:35:16.000I think in terms of government, that's exactly right.
00:35:17.000I mean, in terms of government, the blowing out of the national debt and the creation of a fiscally irresponsible deficit that's going to be paid off by our kids and our kids' kids is really awful.
00:35:27.000It's one of the things that Paul Ryan was trying to push.
00:35:29.000It's one of the shortcomings of President Trump, who really doesn't care too much about entitlement reform.
00:35:34.000He may be right that it's politically toxic, but
00:35:37.000You gotta do it anyway, because if you actually want to save the country, you can't be waiting until 20 years from now when social security goes fully bankrupt.
00:35:44.000Not even 20 years, probably 10-15 years from now when it goes fully bankrupt, and you're looking at drastically raising taxes or continuing to blow out our national debt, which essentially outsources our foreign policy to people who own our debt, puts us in severe fiscal need.
00:35:57.000So that's stuff Republicans ought to be pursuing right now, and they ought to be making strong moral arguments for why Social Security needs to be restructured.
00:36:04.000I think young people in particular are willing to hear that argument, and if they care about Social Security, they're willing to hear it.
00:36:09.000You don't want your taxes raised and you want more money back from the government?
00:38:36.000After you get rid of the individual mandate, which was the funding mechanism to pay for all of the increased cost and regulation of Obamacare, the only way that you're going to be able to bring costs down in the individual marketplace is by getting rid of regulation or by subsidizing.
00:39:00.000The federal government has chosen to subsidize, which is why I'm not in love with just getting rid of the individual mandate alone.
00:39:07.000But you're going to have to do more than that.
00:39:09.000Otherwise, you're going to be blamed for an increase in the price of individual health care plans.
00:39:13.000So this is why getting rid of regulation is what was deeply necessary and unfortunately did not happen.
00:39:18.000That's a major shortcoming of Republican Congress, and it behooves us to remember that.
00:39:21.000Chris says, Ben, can you explain the central banking system and the purpose of the Federal Reserve, the positive and negative sides alike, please?
00:39:26.000So, the Federal Reserve was originally established in the beginning of the Depression, basically.
00:39:33.000And it was established in order to say to banks that if you lose all of your money, we can provide you a certain percentage of your money back to you.
00:39:43.000So this is why the FDIC, the Federal Deposit Insurance Corporation, ensures that the first, I believe, $200,000 of money that you have in the bank, you will get back regardless of whether the bank goes bust.
00:39:51.000This is the federal government saying, it's trying to prevent runs on bank.
00:39:54.000The way it used to work is that if there was a bank, it had a certain amount of money in the bank, the bank never has as much money in the bank as it owes to people.
00:40:02.000Because when you give money to the bank, the bank doesn't just keep it in the back room.
00:40:04.000The bank lends that out to people at interest.
00:40:14.000And it starts trying to call in loans.
00:40:16.000This is what happened at the beginning of the Great Depression.
00:40:18.000Everybody started going to the bank and withdrawing their money from the bank.
00:40:22.000So the solution by the federal government was the Federal Deposit Insurance Corporation, which is run by the Fed.
00:40:26.000And the idea there was that they were going to be able to insure your losses by banks.
00:40:31.000Now, the problem with this is it does create a significant amount of moral hazard.
00:40:34.000Moral hazard being that banks can now be loosey-goosey about the amount of money that they lend out, knowing the federal government is going to back their play at the end or bail them out in the end.
00:40:43.000This has been the problem with the Fed from the beginning, is the possibility of moral hazard where people act irresponsibly and then the federal government bails them out, as we saw actually in 2008-2009.
00:40:51.000The Fed has some other stuff that it does in conjunction with the Department of the Treasury.
00:40:55.000The Department of the Treasury sells bonds, stocks and bonds, and the Federal Reserve works with the government
00:41:00.000The Department of the Treasury, in order to provide the dollars that are used in the sales of stocks and bonds.
00:41:07.000So when the government buys back bonds, for example, they're trying to take more bonds out of the market.
00:41:12.000They're trying to inflate the currency or the amount of currency that's in circulation.
00:41:15.000Milton Friedman was a big fan of the Fed, actually.
00:41:17.000He thought that the Fed should set a standard growth rate in the amount of money in circulation on a particular year-by-year basis, like 2%.
00:41:25.000Then there are people who are Chicago School.
00:41:27.000So, Chicago School economists think the Fed ought to exist and the Fed ought to have control over the amount of money in circulation.
00:41:33.000And then there's the Vienna School of Economics, which suggests that really we should be on a gold standard and the government shouldn't be able to manipulate the amount of currency that's in circulation.
00:41:41.000That happens through a sort of complex process between the Fed and the Department of the Treasury.
00:41:46.000I tend to be on the Vienna School of Economics side.
00:41:48.000I'm not a big fan of the Federal Reserve.
00:41:52.000It creates a sense of security that I think is unwarranted, and that leads, again, companies to rely on the federal government to bail them out, and now bailouts are enshrined in the Dodd-Frank Act, and that really needs to be gutted as well.
00:42:03.000I mean, that's something else that the Republicans ought to be pursuing right now as well.
00:42:09.000Harrison says, Hey Ben, I was wondering what your opinion is of a negative income tax such as the one proposed by Milton Friedman as an alternative to the welfare state.
00:42:15.000So as an alternative to the welfare state, I'm for it.
00:42:17.000As an adjunct to the welfare state, I'm against it.
00:42:19.000So the negative income tax is that idea that based on your income, we basically guarantee you a minimum income.
00:42:25.000It's basically a universal basic income.
00:42:28.000He says that you should have a negative income tax based on the amount of money that you make, and we will sign a check to you back from the federal government for a particular amount of money.
00:42:36.000But it's not going to be dependent on the amount of money that you make completely, and it's also not going to require that you be single, for example, that you're a single mother, and it's not going to be welfare state-based.
00:42:48.000It's going to be a certain sliding scale that we give you of a consistent amount of money that goes into your bank account, and that is what it is.
00:42:56.000And it would be a lot cheaper than the welfare state.
00:42:59.000You wouldn't need the infrastructure of the welfare state.
00:43:01.000So I agree that as an alternative to the welfare state, it would be great.
00:43:05.000I tend to oppose both of them because I don't think that that's a useful thing and rely instead on private charity.
00:43:19.000I think that what it would take to get us there is to recognize that our moral roots are Judeo-Christian, whether you like it or not.
00:43:24.000This is an argument that I've been having repeatedly with a lot of folks who are Enlightenment thinkers, Neo-Enlightenment thinkers.
00:43:29.000I've had this argument now with Sam Harris and with, not really with Jonah Goldberg openly, but I would certainly like to discuss it with Jonah.
00:43:36.000I think he'd probably agree with me, actually.
00:43:37.000And I've had this argument with Michael Shermer.
00:43:39.000There are a lot of people who are, I've had this argument about Steven Pinker.
00:43:43.000Enlightenment thinking is rooted in Judeo-Christian values.
00:43:46.000You want to get people back to Judeo-Christian values, what you say is, listen, all the stuff that's around you, that was built by a Judeo-Christian civilization, so maybe it would behoove you to study the foundational documents of the Judeo-Christian vision, and then to see how those documents have been interpreted over the last several thousand years to bring us here.
00:44:00.000Because there's this myth that's going around that what happened is that in the 18th century, late 18th century, early 19th century, there was a vast shift in public thinking.
00:44:09.000And the thinking went, we reject the Bible.
00:44:22.000I want to ask, why does the left hate Western culture?
00:44:24.000Almost everything great about the modern world is due to the progress of Western civilization, yet the Left loathes the very foundations that made such an incredible world.
00:44:33.000Well, I think that what the Left sees when they see Western civilization is inequality.
00:44:36.000So the reason the Left hates Western civilization is because the Left says, as Marx said, that individual human beings are created by the system in which we live.
00:44:43.000We don't have free will in the sense that we can really
00:45:51.000And that missing meaning is a generation of Western civilization.
00:45:55.000It was generated by Western civilization.
00:45:57.000So all we have to do is get rid of all of these Western civilized notions about freedom, individual rights.
00:46:05.000We have to get rid of this whole shtick about capitalism.
00:46:08.000And when we do that, we'll have a better human being in a better world.
00:46:10.000So that's that's the reason they're trying to propose a utopian vision to replace the Western civilized vision, failing to recognize, of course, that all the good stuff around them is inextricably intertwined with the principles that generated it in the first place.
00:46:22.000Fernando says, I got asked this question during dinner with a couple of friends.
00:47:31.000I also think that there's a good case to be made that the soul is what animates you, that when you die, the soul obviously leaves your body.
00:47:38.000And what we mean by that is that the animating force that allows you to live and think and make decisions freely has now left you.
00:47:47.000And so that's what I think the soul is.
00:47:49.000What the soul does after death is beyond me.
00:48:14.000While the work of an attorney interests and excites me, I'm growing concerned about balancing the demands of corporate law and family life.
00:48:20.000I look around at this law firm and see a lot of very successful females, but most of them, especially partners and high-level associates, are not married and do not have kids.
00:48:26.000Since more than anything else, I want to get married and have children in the future.
00:48:29.000Michelle Obama thinks you're a terrible person.
00:49:49.000It's very anti-war, obviously, because every movie that Hollywood has ever produced since the Vietnam War has been an anti-war movie, basically.
00:49:56.000There are a couple of exceptions, like 12 Strong is an exception.
00:49:58.000But this movie, the acting is really first rate.
00:50:01.000It's Bryan Cranston and Lawrence Fishburne and Steve Carell.
00:50:04.000Cranston is, of course, the highlight of the show.
00:50:08.000But Lawrence Fishburne turns in a really good performance as well.
00:50:11.000Basically, the story is these three guys were in the army together in Vietnam, back during the Vietnam War, and now Steve Carell's son was in the Marines, his son was killed, and he tries to go get these two guys to come with him to pick up his son's body and bring it to Arlington, but it turns out that the army has lied to him about how his son died, and now he doesn't want to bury his son in Arlington.
00:50:29.000Instead, he wants to bury his son back home.
00:50:38.000You turn the keys to your bar over to the guy who's asleep on your pool table, and then you jump in your car and you drive me to hell and gone, and you don't even know where we're going.
00:50:49.000Ask the question, am I willing to surrender to God?
00:50:53.000What the hell happened to Mueller the mauler?
00:52:12.000So John Kelly, who's the White House Chief of Staff, is being accused of racism today because he suggested that a lot of illegal immigrants who come to the United States are undereducated, which is technically true.
00:53:07.000If somebody were to say that on the right about anybody on the left with an accent, it would be, oh my god, racism, xenophobia, terrible, how could you?
00:53:35.000April Ryan's allowed to get away with this because April Ryan, obviously, is a member of Minority Group, and if you're a member of Minority Group, then you can say anything about any other member of Minority Group, my proof being that the members of the Women's March, who are members of Minority Groups, can hang out with freaking Louis Farrakhan, and everybody just goes, oh, well, whatever.
00:53:51.000Keith Ellison can be an actual anti-Semite, and he's being quoted in the media today saying, I'm very upset that people are calling me an anti-Semite.
00:53:57.000I think that it's awful that they're calling me an anti-Semite.
00:53:59.000I'm more upset that you are an anti-Semite, dude, but you're allowed to get away with it, because if you have the right skin color, apparently you're allowed to be a racist.
00:54:06.000Which is really awful, awful, awful stuff.
00:54:11.000So George Stephanopoulos just doing yeoman's work on behalf of NBC.
00:54:15.000George Stephanopoulos does have a long history of defending people who are accused of sexual misconduct, going all the way back to the Clinton days.
00:54:21.000Tom Brokaw has been accused of sexual harassment by Linda Vester, who is a former reporter at ABC News.
00:54:26.000And this is pretty funny because George Stephanopoulos rushes to Tom Brokaw's defense.
00:55:55.000I know that NBC News investigated itself and cleared itself, but you don't get to investigate and clear yourself well and then bring out a bunch of women who are not Linda Vester in order to talk about how Tom Brokaw was wonderful to women.
00:56:07.000Amazing how the media will circle the wagons from the Me Too movement, actually, as soon as it's a member of their own who's really under the gun.
00:56:13.000Somebody who is considered an iconic figure in the media.