"we have like 800 000 subscribers on our channel we're like gigantic on youtube and we cannot get anybody on the phone like when we have an issue you know and so in a weird way this is another thing th..."

"some younger people i think millennials and zoomers on a certain level they were raised particularly millennials to believe in the system [Music] hi i'm jim o'shaughnessy and welcome to infinite loops..."

"on issues that hopefully leaves us with a better understanding as to why we think the way we think and how we might be able to change that to avoid going in infinite loops of thought we hope to offer ..."

"and through these discussions help you not only become a better investor but also become a more nuanced thinker with each episode we hope to bring you along with us as we learn together thanks for joi..."

"podcast guests are solely their own opinions and do not reflect the opinions of o'shaughnessy asset management this podcast is for informational purposes only and should not be relied upon as a basis ..."

"reason interview has been a journalist for ever i've been reading him forever and basically we share a credo which is free minds free markets we're gonna get into that in a minute but what nick has th..."

"lou reed is to rock and roll the quintessence of the outlaw spirit and that was written folks in the new york times magazine wow welcome thank you for having me i thought you were going to say nick gi..."

"was kind of you know very very seriously anti-authoritarian to the point where i would do things that were against my own better interests just to show that i was not gonna follow orders right and and..."

"when many will do but also because it is a kind of complex question i would you know what i would say is libertarianism isn't dead but it's resting its eyes at least as a political phenomenon and to s..."

"a colleague at reason we wrote a book a decade ago called the declaration of independence with e-n-t-s and we talk about how politics is a lagging indicator of where america is or where society is and..."

"time authoritarian versus libertarian and the idea is that libertarians believe that in free minds and free markets you know free speech you know free everything as long as it's peaceful but it's it's..."

"a kind of throat clearing and everything you know it's clear that libertarianism for a good chunk of the 90s as the internet came online and it's also you know i started working at reason and in the f..."

"and i had an experience a while back where i was talking to an extremely well-known author and she claimed to be you know a diet in the world democrat progressive and and i started asking her a series..."

"and what also really bothers me and you touched on it they have made politics sacred and as you know the sacred cannot be challenged right if you challenge it you're a heretic you're an apostate and i..."

"think part of the problem you know to go to your optimism and your rational optimism you know matt ridley is a guy who's written for reason and you know it wrote a book called the rational optimist i ..."

"said and i agree with you labels labels can be a cheap trick to like dismiss people but sometimes you know if you think of it as a brand and like you know brands do accrue a certain amount of informat..."

"in some kind of narrow utilitarian calculus yeah i think that that i agree completely on on focusing on those and i remember having a conversation with a friend not too long ago and kind of just shaki..."

"yeah and on that point like yeah that is the part of this that excites me you know the most in many ways because essentially you know with that collapse of time space geography yeah a billion people j..."

"so so so if i was going to give you a tip is if you read hitchhiker's guide to the galaxy read it thinking that he is a philosopher as opposed to a sci-fi humor itself that makes it more appealing alr..."

"for some weird reason created a playlist for me of like 1950s cruder songs and so like i'm like i wasn't even born then so i'm listening to him oh my god you should do it like you think we're programm..."

"or you you know the catchphrase in the 90s was disintermediation right where you got rid of intermediaries i worry now that in many ways you know the state as you know because the state keeps getting ..."

"i think that's one of the things that some younger people i think millennials and zoomers on a certain level they were raised particularly millennials to believe in the system i have a friend of mine ..."

"had those you know the explorers and by the way it's the same with ants peeling off to find new things five percent of them bees peeling off same five percent termite mounds i don't know if you've eve..."

"back and forth i was just reading about the the kind of human scale movement of the late 60s and early 70s of you know the idea that small is beautiful and you know a diet for a small planet you know ..."

"incredibly the leverage offered by these tools and the amplification let offered by the internet is just like amazing and and it's one of the reasons why you see all of the older gatekeepers losing th..."

"moment and part of i like to talk about the long 20th century which i would peg as maybe starting with like bismarck in germany and the creation of a kind of social welfare state the idea that the gov..."

"are the only universal explainers and connectors and we also have the ability to think abstractly if you can't think abstractly you don't get quantum physics you don't get you know bucky fuller had a ..."

"of of stasis built into culture and i don't know that that's a bad thing right because what what it does you know i'm forgetting whose quote it was but when when a genius is born in the world a confed..."

"problems right and i i think the big problem in a lot of ways and i again i say this is somebody you know emerging from the mid 20th century you know the high water mark of kind of a modern top-down r..."

"think needs to do is to kind of give you know this you know these injections of optimism of rational optimism like this is how we got through it in the past and we don't know what we're going to do to..."

"every to understand things you really have to be a system thinker in my opinion and like i wrote an essay in 1984 i keep a lot of journals and like i i was so enamored of the idea that everyone was go..."

"spends a lot of time on prohibition because i always use prohibition as my poster child for why it's bad to do those things and and he maintains the book at least and this was news to me that actually..."

"better than saying no you i don't like alcohol so you're not going to drink you know we're going to ban it and then you can either drink it or not on the sly and whatever totally agree and you you bri..."

"will say they think immigration is good for the country we don't have those policies and this is also what's frustrating is that trump was bad you know and then obviously the covet pandemic shut thing..."

"stuck you know whether it's democrats or republicans like there's always this contentiousness about immigration as if it isn't the thing that keeps a country young and vital and forward-oriented total..."

"and it's like um you know it one of the the best books about immigration is by an indian uh scholar uh asian indian south asian indian chandra kukasis who's now teaching in singapore but he wrote a bo..."

"but it you know let's not try to let's not you know try to obscure the fact that there were a lot of [ __ ] horrible things that happened in this country yeah and and but that's true of every country ..."

"you know how do we make america great again it's like yeah you know maybe by opening up the borders you know and i think about this a lot again you know referencing our age in 1970 that was the lowest..."

"like you know we win when we allow more people into the country i think no question well this has been absolutely fascinating as i thought it would be can i can i extend this just for a second because..."

"interesting stuff in a way that i think robert anton wilson would appreciate but you know twitter and other social media apps are going to be disaggregated in ways where you know there's always going ..."

"television was introduced to south africa in the mid 70s south africa realized like we you know we can set you know and television is like a a hierarchical a diagrammatic top-down medium right you kno..."

"in the early 1900s and things like that and that's i think fundamentally what's going on with social media because what's great is facebook is losing market share facebook in north america is a declin..."

"going to be taking your the the way you put them together just immediately as you were saying it like of course of course they're always blaming what the new i remember right i remember i was at schoo..."

"through is is a social panic a moral panic over the fact that a lot of people can speak more freely and to go back you know i'm going to call up my kids after this and be like you guys i understand wh..."

"amazing and and the other thing that i also think about is you know in the end the new and better ideas one for the most part like they called the impressionist impressionist as an insult right that w..."

"more choices rather than fewer choices and you know i think that's a that's a better way to live thinking about things from you know that the real it's not right or left it's choice versus control it'..."

"suggest wow what what do you got for me i wish i had thought about this you know one of the things that i i think i would want people to do is to transf transpose themselves into whatever subgroup in ..."

"hard working and if you're a little bit smart and you're very hard working you're going to do fantastic but people don't know that there's a system and like understanding why people don't understand t..."