GOOD EVENING: The show begins in a debate of wage and price controls from the Nixon Administration...
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 21 August 2024
⏱️ 10 minutes
🧾️ Download transcript
Summary
1972 Kissinger, POTUS, Haig.
CBS EYE ON THE WORLD WITH JOHN BATCHELOR
FIRST HOUR 9-915 #Markets: Wage and price controls and heavy taxation. Liz Peek The Hill. Fox News and Fox Business https://www.wsj.com/politics/policy/food-industry-pushes-back-against-kamala-harriss-price-gouging-plan-064c3bb1?mod=hp_lead_pos1
915-930 #Markets: Subsidizing housing leads to higher prices. Liz Peek The Hill. Fox News and Fox Businesshttps://www.wsj.com/politics/policy/food-industry-pushes-back-against-kamala-harriss-price-gouging-plan-064c3bb1?mod=hp_lead_pos1
930-945 #EU: Harris is a tabula rasa to Europe. Judy Dempsey, Carnegie Endowment for International Peace, Editor-in-Chief: Strategic Europe, in Berlin.
945-1000 Can't much afford Ukraine anymore? Judy Dempsey, Carnegie Endowment for International Peace, Editor-in-Chief: Strategic Europe, in Berlin. https://www.wsj.com/world/russia/russia-ukraine-war-deserters-cd1b9a11?mod=hp_lead_pos9
SECOND HOUR 10-1015 #StateThinking: @MaryKissel Former Senior Adviser to the Secretary of State. Executive VP Stephens Inc. Two wars and the Democrats. https://www.wsj.com/world/russia/russia-ukraine-war-deserters-cd1b9a11?mod=hp_lead_pos9
1015-1030 #StateThinking: Two wars and the Republicans. @MaryKissel Former Senior Adviser to the Secretary of State. Executive VP Stephens Inc. https://www.wsj.com/world/russia/russia-ukraine-war-deserters-cd1b9a11?mod=hp_lead_pos9
1030-1045 #HAMAS: No ceasefire. Jonathan Schanzer, FDD https://www.timesofisrael.com/liveblog-august-20-2024/https://www.timesofisrael.com/idf-recovers-bodies-of-6-hostages-from-gaza-including-one-previously-presumed-alive/
1045-1100 #HEZBOLLAH: No alternatives to war. Jonathan Schanzer FDD https://www.timesofisrael.com/liveblog-august-20-2024/
THIRD HOUR 1100-1115 1/2: #LAKEHURON: The Fourth Annual Silent Swarm competition for marrying drones with electromagnetic capabilities. Jerry Hendrix, Sagamore Institute. https://www.nationalreview.com/2024/08/the-u-s-military-is-quietly-reinventing-itself-on-the-great-lakes/
1115-1130 2/2: #LAKEHURON: The Fourth Annual Silent Swarm competition for marrying drones with electromagnetic capabilities. Jerry Hendrix, Sagamore Institute. https://www.scmp.com/news/china/science/article/3274610/chinas-military-ai-detects-secret-radar-links-between-south-china-sea-alaska-and-guam
1130-1145 #SOMALIA: Afghanization of Somalia. Caleb Weiss, Bill Roggio, FDDhttps://www.longwarjournal.org/archives/2024/08/generation-jihad-ep-201-new-un-report-on-jihadi-threat-in-africa-asia-and-the-middle-east.php
1145-1200 #MALI: Failed state of warlords. AND THE NEXT ISLAMIC STATE. Caleb Weiss, Bill Roggio, FDDhttps://www.longwarjournal.org/archives/2024/08/generation-jihad-ep-201-new-un-report-on-jihadi-threat-in-africa-asia-and-the-middle-east.php
FOURTH HOUR 12-1215 #UKRAINE: Zelensky aims to keep the war going. Gregory Copley, Defense & Foreign Affairs. https://www.telegraph.co.uk/world-news/2024/08/20/ukraine-russia-war-latest-news21/
1215-1230 #NIGERIA: More decline and lawlessness. Gregory Copley, Defense & Foreign Affairshttps://www.msn.com/en-us/news/world/nigeria-crumbling-under-debt-burden-ezekwesili-laments/ar-AA1p8M0S
1230-1245 #AUSTRALIA: Second Island Chain. Gregory Copley, Defense & Foreign Affairshttps://www.scmp.com/news/china/science/article/3274610/chinas-military-ai-detects-secret-radar-links-between-south-china-sea-alaska-and-guam
1245-100 am #KingCharlesReport: Second sons and the Royals. https://www.telegraph.co.uk/royal-family/2024/08/13/prince-harry-miss-lord-fellowes-funeral-security-fears/
Transcript
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| 0:00.0 | Good evening. The show begins tonight in Wage and Price Control debate with Liz Peek. |
| 0:13.6 | Liz and I remember the early 1970s. |
| 0:17.0 | I believe it was 1971. |
| 0:18.4 | Richard Nixon took his central cabinet out |
| 0:22.4 | to Camp David and they spent a weekend and came back with |
| 0:25.3 | suspending the gold standard as I remember and setting wage and price controls to |
| 0:30.6 | defeat inflation. It failed so badly, leading to the unemployment lines of |
| 0:38.0 | 73-74, the skyrocketing inflation, and when there wasn't inflation there were shortages. |
| 0:47.7 | All of that was a consequence of bad choices by Richard Nixon, who was then impeached, threatened, and he resigned. |
| 0:59.2 | Not because of the inflation, but that certainly didn't help the public mood, |
| 1:03.0 | who lost confidence in the president |
| 1:06.0 | and his legitimacy. |
| 1:08.0 | That was then. |
| 1:09.0 | Now, Ms Harris and the Democratic campaign are proposing to punish Price Scouting, which is a moving target. |
| 1:19.6 | Price Couching is something that I will discuss at length with Professor John Cochran at |
| 1:24.6 | Stanford he's at the Hoover Institution he writes the grumpy economist blog I |
| 1:29.4 | recommend it he takes price gouging in place with it. It's quite fun. It's very entertaining. We'll talk of price gouging. In any event, it suggests that the government intervention in prices. |
| 1:40.0 | Not only does it have no basis in fact, it doesn't work. |
| 1:47.0 | Why was the puzzle that Liz Peek and I speak of. And we don't have that adequate answer |
| 1:55.0 | other than control control control and |
| 1:58.0 | Liz said her understanding this was what are called low information voters who see it as a good thing |
| 2:05.8 | that somebody's going to keep the prices down. With our choices in our |
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