Hello everybody and thank you for tuning into the Liberty Report. With us today we have

Daniel McAdams, our co-hosts. Daniel, good to see you. Happy Monday, Dr. Paul. How are you

today? It's Monday again? It is again. Well, those weekends just disappear when you're

busy. Yes. So we're busy now trying to sort out things.

And I'm going to start off, of course, with an economic update.

But we do want to talk about the tariff situation, how weird it is.

Now it means it's a possibility that courts might make Trump return to money,

something crazy like that. So we'll get into that later. But what I want to do is start

off with a headline that I got off hedge today. It says, American sour on capitalism.

As Democrats go all in on socialism, this is a survey that was made.

And it says the survey reveals that Americans' positive perception of capitalism has slipped to 54%.

But they use that word like, whoa, America is a capitalistic country.

The lowest level since the poll began in 2010.

Meanwhile, views on socialism remain steady at around 39%, though partisan divides are widening.

Two-thirds of the Democrats, they're vocally for socialism. That might tell us a little

bit of the problem and the results of education. But I want to concentrate on this little statement

of mine about words and definitions, because I think the conservatives and Republicans have all been

drawn in and I think it's been done on purpose by the people who write this up and they

don't want free market capitalism. You know, the worst two words you could use about economics, it's laissez-faire.

Let the people spend their own money. There's not much support in the Republican Party for that.

But it's the word capitalism that I think is important because capitalism is an ism on who it is that controls the capital.

And so technically speaking, communism is a capitalist.

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