00:00:00.000Hey everybody, today on the Charlie Kirk show, someone I've been wanting to introduce you to for quite a while now, John Maynard Keynes.
00:00:07.000We talk about how he has been driving economic lunacy for quite some time and how important it is to know what he believed and why he believed it.
00:00:16.000You can email me your thoughts as alwaysfreedom at charliekirk.com.
00:00:19.000We're also joined by Brandon Tatum and Joe Biden breaks a very simple rule as president.
00:00:23.000We'll tell you about that and you can get involved with Turning PointUSA today at tpusa.com.
00:00:53.000We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
00:01:05.000Brought to you by the Loan Experts I Trust, Andrew and Todd at Sierra Pacific Mortgage at andrewandTodd.com.
00:01:14.000Last week, I was talking to some people that are in the political space.
00:01:19.000They were here visiting Turning Point USA, and we were talking about the economy, and we were talking about what's happening in our country.
00:01:55.000They said, Charlie, during the bailout fights when you came out against the COVID stimulus and everyone else was for it, including almost every Republican, I think it was passed by unanimous consent.
00:02:04.000You mentioned a little bit, but you haven't done it in a while.
00:02:06.000And so this is a really important conversation that we're about to have.
00:02:11.000That if you are trying to make sense of the economic calamity, if you're trying to make sense of the chaos around you, then this conversation we're about to have is incredibly important.
00:02:23.000So in the 20th century, there was a roster of people that were in all sorts of different practices and in different, let's say, buckets.
00:02:34.000But they all tried to accomplish similar things.
00:02:38.000And actually, as I was reflecting on it over the weekend, I believe that this roster of 20th century thought leaders transformed and challenged what I would consider to be adherence to the natural law and the anchoring of wisdom that built Western civilization.
00:02:57.000Now, these people would be in any sort of decent or normal conversation, their ideas would be considered pathologically insane.
00:03:04.000But of course, it's John Dewey, Darwin, Michelle Foucault, Jacques Derrida, Kinsey, Money, Alinsky, amongst many others.
00:03:20.000But every one of them had their own area of expertise where they felt it was necessary to try to deconstruct, realign, or transform a belief or a system of thinking to usher in something different.
00:03:36.000So John Dewey, his focus was on government schools and public education.
00:03:41.000Charles Darwin, we got the survival of the fittest and this idea, eugenicist, eugenics, actually grew out of Darwinism.
00:03:49.000Michelle Foucault and Jacques Derrida, as well as Herbert Marcuse, those three, were very focused on postmodernism, deconstructionism, post-structuralism.
00:04:02.000Kinsey, very focused on childhood sexuality, that believed that children were sexual beings.
00:04:11.000Same with John Money, Saul Linsky, a community organizer, a community operative, inspired Barack Obama and Hillary Clinton.
00:04:19.000Hillary Clinton wrote her senior thesis on Saul Linsky.
00:04:23.000So we've talked about a lot of these thinkers as well as Derek Bell, and we've talked about many of these people, but we haven't talked a lot about John Maynard Keynes.
00:04:34.000So John Maynard Keynes wrote his most famous book, The General Theory of Employment, Interest, and Money.
00:04:42.000Keynes really was the leader of what could be called a revolution in economic theory, the very same way that Freud was a revolutionary in psychological thinking, or Foucault and Derrida was a revolutionary in philosophy of sexual norms.
00:05:05.000John Maynard Keynes was the pioneer of getting people to think differently about economics.
00:05:13.000Because prior to John Maynard Keynes, there was an anchoring towards the laws of nature, of gravity, of thermodynamics, that things matter and they can't be made up out of thin air.
00:05:29.000Now, John Maynard Keynes, his most famous quote that I think best summarizes his economic philosophy, his moral philosophy or lack thereof is: well, we're all dead in the long run.
00:05:43.000Where basically, it doesn't matter what you borrow, it doesn't matter what you do today.
00:05:52.000All of the economic thoughts of John Maynard Keynes that we're going to go through can be best summarized by an incredibly cynical and dark phrase of, we're all dead in the long run.
00:06:07.000Might as well get as drunk as we can, maximize our pleasure, because we're all dead in the long run.
00:06:12.000It's at direct odds with the conservative promise of, yes, delayed gratification, intergenerational growth, the protection of the beautiful, the good, and the true.
00:06:23.000It's incredibly nihilistic at its core, actually.
00:06:28.000Believe it or not, this economic school of thought was a rebranding of 19th-century nihilism into fantasyland economics.
00:06:39.000Now, John Maynard Keynes was incredibly successful.
00:06:44.000You know, people rail against critical race theory and they rail against postmodernism and transgenderism, but I have not heard one parent show up at a school board meeting and say, stop teaching Keynesian economics to my eighth grader.
00:07:00.000It doesn't exactly get the moms out of their seats, but it should.
00:07:11.000Now, I used to be super outspoken against this because back in 2012, 13, and 14, as I got my start and I read Mises and I read Hayek and I read Rothbard, I got my start.
00:07:21.000We used to always just have economic discussions.
00:07:24.000The entire conservative versus liberal, let's say, divide back in 12, 13, and 14 was around high taxes, low taxes, deficits, no deficits.
00:07:35.000And so I just happened to become really passionate about Keynesian economics.
00:07:40.000This is one of the reasons why on this program, not to endlessly toot our own horn, but we should be very, we'll just be honest with you.
00:07:49.000We've been right about every single major, every major economic prediction we've been right, largely because I know the literature.
00:08:13.000There's the laws of gravity, the laws of thermodynamics, and there's the laws of economics.
00:08:18.000Now, we must understand that John Maynard Keynes, who is the archbishop of fantasyland economics, that he was no different than the deconstructionist who deconstructed social norms, a la the sexual revolution in the 1960s.
00:08:32.000Deconstructionism was not isolated to one practice.
00:08:36.000It hit every single thought arena, including economics.
00:08:41.000Keynesianism is directly at odds with the humility of the natural law and delayed gratification.
00:08:48.000Now, if this is the first time you've ever heard of Keynesian economics, that's okay.
00:08:51.000It's not talked about a lot in mainstream media.
00:08:55.000In fact, almost all of Wall Street engages in Keynesian economics, and they're not even aware of the Austrian school or the monetarist school.
00:09:04.000And I think there could be a fine balance between some of the observations Keynes had and some of the observations that the Austrians had.
00:09:10.000But there is some fundamental questions that we must ask to debunk what Keynesian economics is, but first we must define what Keynesian economics is.
00:09:18.000You see, Keynesians look at the government solely as a way to artificially fix the demand problem by printing money, by creating problem, by creating money, I should say.
00:09:29.000They believe that demand must be stimulated by lowering interest rates and by artificially intervening into the economy or the market.
00:09:41.000They believe that a heavy hand of government coming into the market is necessary to be able to re-stimulate the government when recessions hit.
00:09:51.000The Austrian school has a completely different thought, though, has a completely different approach.
00:09:57.000The Austrian school of economics, they ask the question, why do recessions happen in the first place?
00:10:05.000What are the chances that 20 to 30 million entrepreneurs would all simultaneously be making mistakes?
00:10:14.000It's more likely that the central bank was artificially playing with the interest rate, therefore creating bad behavior, incentivizing malinvestment, and subsidizing entrepreneurs to go in the wrong direction against their impulses or their self-interest.
00:10:34.000Did you know that if you shop at Nike, they turn around and give your hard-earned dollars to pro-abortion groups like Planned Parenthood and the Population Council?
00:10:41.000Did you know that Airbnb gave $500,000 to the Marxist Black Lives Matter organization?
00:10:46.000Your first vote is at the ballot box, but that isn't enough to defend our traditional Judeo-Christian values.
00:10:52.000Left-wing corporations are subverting our republic by taking money from conservative customers and giving it to radical organizations that support abortion, gun control, and critical race theory.
00:11:02.000You have another vote, a second vote at the checkout line.
00:11:05.000And that is where a massively important organization called Second Vote comes in.
00:11:09.000The courageous people at Second Vote are exposing corporations for how you spend your money.
00:11:13.000Second Vote is developing incredible tools and engaging the smartest minds in the country to help inform Americans' purchasing decisions.
00:11:21.000Their work is arduous, complex, and exhaustive, and it does not happen for free.
00:11:25.000Please support their work so we can defend our future from the woke Marxist mob.
00:12:10.000You see, our side, the constitutionalist side, we will look a little bit longer term because our mission statement is to care about our legacy and leaving the next generation better off.
00:12:24.000You see, every single species on the planet has two major goals, protect the young and make more of itself.
00:12:33.000The left is trying to prevent both those things from happening by protecting the young and making more of yourself.
00:12:41.000They're literally at war against natural impulses, whether it be bears or fish, snakes or snails.
00:12:50.000Every species on the planet has an instinct, I believe, given to them by God to protect the youth and the young and to make more of themselves, to make future generations be able to prosper and to grow and to flourish.
00:13:06.000Keynesianism is at direct odds against that.
00:13:11.000You see, so Keynesians look at the government as an instrument to artificially fix demand.
00:13:35.000The Federal Reserve is a private-public partnership by putting quotes that is able to create money out of thin air and insert it into the economy.
00:13:44.000So we as people who live on team reality, and the Austrians were the first people to articulate this, and I have plenty of problems with the Austrians on separate issues, but they were right on this, is that demand is always high.
00:14:09.000The Austrian school or team reality believes that supply creates demand, and you cannot demand something that has not yet been produced.
00:14:19.000The supply chain issue that we're seeing right now with baby formula and food and that we're seeing with clothes and critical infrastructure is a perfect example of the downside or the faulty philosophical implications of cheap money infusion into our economy.
00:14:38.000And it does come back down to the question of how is wealth created.
00:14:42.000The Keynesianisms are much more likely to turn on the printing mill, fantasy land thinking, and hope that will stimulate economic activity.
00:14:53.000We believe that recessions are largely caused because of faulty government intervention, dumbheaded subsidies, and godlike impulses playing games with the interest rate.
00:15:09.000Wealth is created not by pressing go on the printing press.
00:15:14.000Wealth is created when people who know how to create wealth are free to do so.
00:15:22.000If you want to ask a leftist a question that will hopefully stump them and get them closer towards the red pill, ask them this question.
00:15:45.000Free from government regulation, free from excessive intervention, free from interest rates going up and down artificially that directly impacts entrepreneurs' behavior.
00:15:57.000Big economic crashes, which is what we're living through right now, are only possible with big government.
00:16:04.000It is impossible for 20, 30, 40 million entrepreneurs to be simultaneously wrong unless they were all playing off a centralized, faulty premise brought to you by the central bank.
00:16:17.000Every single one of the designers of our society right now, Klaus Schwab to Jerome Powell to Janet Yellen, they're all Keynesians.
00:16:28.000The great reset runs counter to how we're designed because it's very short term and only those at the very top enjoy the benefits of great wealth.
00:16:37.000Keynesianism, the great reset, is very hedonistic because elites will then benefit at the cost of future generations.
00:16:46.000Remember, every species has two main goals and the left is trying to destroy both of them.
00:16:51.000Protect the young and create more of yourself.
00:16:55.000Self-replication and the protection of the innocence of the young.
00:16:59.000In a twisted way that is not just confined to school policy or curriculum, but now it's literally embedded in who and how and why they are making our monetary and fiscal decisions in our society.
00:17:16.000How many years have I been telling you about Relief Factor?
00:17:18.000Producer Andrew's right here doing an Iron Man thanks to Relief Factor.
00:17:21.000And truth is, I know there are millions of people.
00:17:23.000In fact, some say over 100 million people struggling with some kind of pain, maybe from exercise or just getting older.
00:17:28.000That can do it getting older, which is why I'm so impressed with the people at relieffactor.com.
00:17:33.000You rarely see this kind of focus and commitment.
00:17:36.000They recently shared with me that they are doubling down and want to literally double their total number of happy customers in the next year.
00:17:44.000If you're struggling with back pain, neck pain, shoulder, hip, or knee pain, even general muscle aches and pain, then I'm suggesting you order their three-week quick start, still discounted, only $19.95.
00:19:33.000So, I'm totally firm with people wanting to celebrate it if they can understand that there's two different events there and they do not have to conflict with each other.
00:19:42.000But once you go beyond that and you start polarizing people and want to make it the real true Independence Day, that's when I have a tremendous problem.
00:20:00.000It probably is more appropriate as a regional Texas holiday than a national one, but okay.
00:20:06.000But let's really look at what's going on here: a summertime competitor to July 4th, a nonstop propaganda arm focusing on race, not focusing on national unity or the beauty of July 4th, a new summertime competitor to July 4th.
00:20:22.000And I mean, I could go one after the other here, Brandon, which is Juneteenth.
00:20:27.000Are reparations next is what it says on Time magazine.
00:20:30.000CNN, Juneteenth is America's true birthday.
00:20:34.000I mean, and you're seeing this nonstop on social media.
00:20:38.000And I think a lot of Republicans are afraid to push back against it because they don't want to be called racist.
00:20:42.000But we're already seeing it's not what they said it was.
00:20:45.000It's not about talking about the emancipation of slaves, but it's something deeper.
00:21:05.000But the left is convinced that they want to make every single thing that they talk about about race and they can find barriers to place in between us so they can pitch those every election season.
00:21:16.000There is no reason in the world that I, in my personal opinion, that Juneteenth should be a federal holiday.
00:21:22.000How is Juneteenth any different than July the 4th?
00:21:26.000Unless you want to make it about black people's separate, unique freedom from the freedoms that we were afforded in this country in 1776.
00:21:37.000You know, the funny thing is, is that I wish that people would understand history, understand it very vividly.
00:21:42.000And 1776 was the ball that began to roll that allowed all of us to be free.
00:21:48.000The Constitution, you know, the Constitution of the United States of America, a declaration of independence, all of these things spun from that moment all the way through to Juneteenth or whatever else they want to say.
00:22:01.000I mean, there's always this growth potential.
00:22:03.000The problem is, and another additional problem is that what's next as a milestone?
00:22:10.000Because we have Juneteenth, and then what about the Civil Rights Act?
00:22:14.000And then, you know, it's going to go on and on and on to where they are going to argue as if black people in America were never free, right?
00:22:23.000I mean, they still are going back in time to make a point that's not there.
00:22:27.000Well, and that's what's so just comical about the whole thing.
00:22:30.000They'll simultaneously say, this is Black Freedom Day, by the way.
00:22:33.000We're actually still in chains and it's Jim Crow 2.0.
00:22:38.000Or is it that you just guys want a federal holiday to talk about race the entire day, which is totally not helpful at all in any way, shape, or form?
00:22:47.000The Declaration inspired the abolition of slavery in 1777 that was done by Vermont.
00:22:53.000The Declaration was the great leap forward that inspired nine out of 13 of the colonies by the time the Constitution was ratified to independently abolish slavery.
00:23:04.000It inspired Thomas Jefferson to sign the moratorium of new slaves coming into America.
00:23:09.000This all happened thanks to the founding fathers recognizing self-government on July 4th, 1776.
00:23:43.000Reparations is nowhere near a logical conclusion that we should be even talking about in the United States of America for black people because there's actually no way that we would be able to roll it out.
00:24:18.000If you work hard, you dedicate yourself, you know, you dress the part, you act the part, you educate yourself, you can be whatever you want to be in the United States of America.
00:24:43.000And once we get past what's in between our two ears, I mean, our two eyes, you know, we will be able to functionally move forward together.
00:24:52.000That's the only problem I have with Juneteenth.
00:24:54.000The only problem I have with reparations is because it's not in the best interest of America.
00:24:58.000It's in the best interest of race hustling.
00:25:00.000And it's just psychologically harmful.
00:25:02.000I mean, anyone who knows anything about the very basics of psychology will say that fixating on things you can't change will literally drive you insane.
00:25:11.000And it also makes you a lot less likely to have autonomy and liberty and to be happy and less likely to be able to succeed and to flourish.
00:25:23.000All these things are kind of put in perpetual jeopardy if all of a sudden you focus on things you cannot change.
00:25:32.000So, Brandon, I want to ask a question then.
00:25:36.000What is it about the kind of center right, if you will, that is unwilling to talk about this?
00:25:43.000And it seems that we just continually surrender to whatever the Democrats and the left want.
00:26:15.000So, majority of the center-right conservative people, a majority of them, are white.
00:26:20.000And when the Democrats throw race in your face and throw slavery in your face and throw the fact that you guys don't care about black people because you won't celebrate Juneteenth, you guys don't care about the Oklahoma's, they had the Black Wall Street.
00:26:33.000You guys don't want to celebrate Black Wall Street.
00:26:39.000They use that in the fervent or genuine emotion from white people in this country who are conservatives.
00:26:47.000They do not want to come against that or come across as being a racist.
00:26:53.000This is my prescription to conservative, center-right people: quit worrying about what they think of you because they're going to think you're a racist no matter what you do.
00:27:47.000You come on at 8 o'clock Arizona time, which is awesome.
00:27:51.000Tell us about how it's going and tell us about how people can get in touch with you and the hours you're on in the markets that you know of.
00:27:58.000Well, Charlie, I have to first of all tell you thank you and Andrew as well, because I feel like you guys put in a good word for me.
00:28:06.000And I think that's, you know, a little bit has something to do with the reason why they chose me to replace Larry Elder.
00:28:13.000And to the people that are out there, that's why you have to have integrity.
00:28:16.000That's why you have to always take advantage of opportunities and do your best because you never know when that's going to pay off later on.