Government Guarantee Offers No Information or Creative Gain of Wealth

This is a FLASHBACK (originally aired on the radio Jul 2, 2013 | uploaded by me Jul 4, 2013: https://youtu.be/2QXccVIM_QM)Show more

Dennis Prager interviews George Gilder about his new book, "Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World." I found this small bit on Dodd-Frank interesting as it leads to government interference creating a business atmosphere that nets zero information -- or -- creativity, entrepreneurial investment, or new growth and business.

■ “A fundamental principle of information theory is that you can’t guarantee outcomes… in order for an experiment to yield knowledge, it has to be able to fail. If you have guaranteed experiments, you have zero knowledge” ~ George Gilder

[𝐄𝐃𝐈𝐓𝐎𝐑'𝐒 𝐍𝐎𝐓𝐄: this is how the USSR ended up with warehouses FULL of “widgets” (things made that it could not use or people did not want) no one needed in the real world. This economic law enforcers George Gilder’s contention that when government supports a venture from failing, no information is gained in knowing if the program actually works. Only the free-market can do this.] (http://religiopoliticaltalk.com/quotes-i/quotes-v/)

The fuller interview can be found here: https://rumble.com/v3dy8q9-dennis-prager-interviews-george-gilder-july-2-2013.html

𝐏𝐑𝐎𝐆𝐑𝐀𝐌𝐒 𝐈 𝐔𝐒𝐄 𝐎𝐅𝐓𝐄𝐍 𝐅𝐎𝐑 𝐌𝐀𝐊𝐈𝐍𝐆 𝐓𝐇𝐄𝐒𝐄 𝐕𝐈𝐃𝐄𝐎𝐒 (some more often than others):
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𝐴𝑈𝐷𝐼𝑂: AVS Audio Editor | Natural Reader (A.I. voice) | Microsoft 365 (making transcripts from audio/video)
𝐺𝑅𝐴𝑃𝐻𝐼𝐶𝑆 (𝑝𝑖𝑐𝑡𝑢𝑟𝑒𝑠): ArcSoft Photo Studio (old but still good) | ACDSee Photo Studio | Pixlr E Photo Editor | Movavi Picverse
𝑉𝐼𝐷𝐸𝑂: VEGAS Pro (latest version) | CheckSub. (subtitles) | Movavi Video Editor | Doodly
A shout out to 𝐺𝐿𝑂𝐵𝐴𝐿 𝐾𝑅𝐸𝐴𝑇𝑂𝑅𝑆 excellent YouTube Channel | https://tinyurl.com/2vmyxubh (for when I want a "green screen TV")

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