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tv   Stossel  FOX Business  December 25, 2013 3:00pm-4:01pm EST

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and atat this special time of year, they shine en brighter. [phone ringing] come to the winter event and get the merces-benz hmmm. good stuff. you've orwaceice. we'll end it right [ santa ] ho, ho, ho, ho! seou've orwaceice. e 2014 e350 for $579 a month >> bring it on the age of innovation when everybody has access to a global market radius flourish. >> want to go to mars? is this a good idea? >> plastic guns to making your own home. >> politicians are threatened by the money they cannot control. >> the first digital currency. >> zero things that could transform life as we know it. transformation nation. tonight.
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>> the iphone is now just john: i hate to it that my government steals per roll hall? six years old i already with these guys in the ba taken for grant that i can vice saved every year but press a button on my what does my gvernment to? keychains and start a car. it presents more. and to find out to get ryan so manyhat i fear i may have toay for retirement supposed to go my gps system with something like talks to me. a billion dollar bill. i don't even think about that being special and i take it for granted i kim in zimbabwe. conclude my food in minutes it has not devalue this much but i am worried about my disabled peopleave better future so what about ways to get around. inflation and government what innovation comes next? manipulation? i bought.clean. he makes his living as a future is starting the inststitute for global studies >> digital glaves you can trade to the internet in what isext? >> robots that senior house every country yo account cannot be frozen it is changing finances the way the web changes publishing. and also businesses in new
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customers are found forou john: baby.fz also piggyback on the hyperlink to ll tickets how bit coin works it is through e commerce. hard to get your brain around nanotechnology, computers, r obotics, they are of limited >> you first have to understand bit coin is not the barriers are not even there for the entrepreneurs only one dash owned by a of the future. company or controlled by anybody or protocol like the web digital currency that >> you talk about the hyper you can exchange money with anybody in the world without loop he has done good things the use of a third pararty ? like mastercard. >> absotely. john: you are creating anonymous computers? he has the dna of silicon >> everyone that is part of valley, next generation, as the network contributes steve jobs. their capacity to discover he also buys test of the new bit coin in day first commercially available reconciles those transactions thatre electr car with the stocks climbing. transmitted over the network john: this or real recreates bit coin but the >> break this down to talk limit the total number about tesla the stock goes automatically? up the but yoworked for >> the total number is steve jobs before you call
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21 million we ll get there him the news steve jobs around the year 2040 so that against government handouts makes it a deflationary for a c that costs 60 currency. years $70,000 subsidize by john: have i know some a tax credit from the not so clever kids will not make up 1 million? rich people. >> because of cryptography. >> keep in mind he did not many experts have tried to need the $1 billion loan crack the code has been from the government he did unable to do so. pay that back also the first john: you mentioned a pal why not+%ñ that? innovative breakthrough was the powell he is part of >> that is the exciting part that for the first time we tho that disrupted the banking industry. can transact without a third-party so if i want to he did not need that many but he borrowed a and paid send you would have to dollars to have to use paper back and people we lining towel they would deduct $100 up to invest because they sell more tesla and then from my account and added to they can make to keep up your account but bit coin th manufacturing. allows us to lew transact it may be a rich man's toy was nobody betweens. today i can tell you that these are central points of control that we may want to they are coming now with the new sub model have the price
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engage in a transaction that is prohibited or frowned and a lot of innovation with their computer or robotsor upon or that we want privacy john: the government could the internet starso be still find out about it. expensive in the massmarket takes over numerous >> ultimately they could punish but they cannot stop entrepreneurs end up in a the act from taking place. fading in the price point comes down. >> but it is something shipped in the mail they could follow the mail. >> to push back you say they sell all these carr but there is a web site where 21,000 is all they have sold people buy illegathings like drugs called silk road. toyotas sold million and i >> it is a dark website think this is a government protected -- protected by encryption running over two subsidized scam for rich people. years it is estimated the >> it may turnout to be $20 million in ses per that the for all intents and year you can buy just about anything using bit co. purposes he has pioneered new way for word the next car will be half the price i >> they wll not sell guns that harms anybody or child have seen models you are right let's see if he can pornography or anything of deliver. that nature. >> the entrepreneurs spending their own money so john: we agreed drugs only harm the users out of
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explain hyperlink -- hyper personal choice but my wife says this is not a good one reason we have given to loop. >> driven by electric and protect people from this solar but think about more kind of stuff. like cars people inside of a >> great. law enforcement is looking at going after these capsule it will move very companies and probably will be successful because bit quickly like a bullet train coin is not completely through the system that may anonymous but criminals can give u.s. celerated spee that is a fan quite frankly use cash to accomplish the same thing and actually silk deliver. the price tag is not small road is a drop in the bucket talk about six or $8 billion of the total drug trade but there are things that are teeseven this stupid sam illegal or frowned upon that francisco trade is already we do want people to engage about 100 billion. >> that is correct he could upon like if you want to create a new category is mental health screening but testing the waters and let's see what he does. don't want your employer or spouse to know, you could >> you like to think about use bit coin to do that if our space people once assumed only government led you want to contribute to wikileaks as an american you or could build the rocket required to bring people can do that because they
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into our space but that was tell comment bank of america more than years agond did notallow you to make a then theyave not done much transfero them if you have bit coin nothing can be done but several years ago an entrepreneur were offered john: the regulators now say $10 million to anyone who we will regulate this bit could launch in space twice coin would is interesting. within two weeks one company quickly succeeded in a span >> they cannot regulate the less than nasa now a network they can regulate company called space access the users and the businesses invented technology to make that facilita the transfer a launching rockets much cheaper and it makes the but if we want to exchange money. dollars we can do that without any intermediaryf >> contues the mission to resupply the international space station from u.s. soil john: one government has made it clear it uses bit >> why is this a breakthrough? coin as a legal currency and >> i think the private space that is germany spirit industry and space itself as freewill view that as a a commercial opportunity former private many. represents tremendous new john: that is from a web te called source fees. opportunity to -- opportities for new services and products and >>at parliament -- the jobs to be developed and
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parliament passed to give a ruling and th say it is deployed from the united states gives us a chce to private money ended allows have a new kind of industry them to bypass the tax even nasa being a customer implications we have not seen that guidance from the for space x. irs yet but i think we will. >> that is how they make john: they will say it is their money? okay? >> they have other >> because private monday it traditionally has been if you think of the brooklyn governments and private sector organizations that are recognizing we like to box you can exchange private take a look how we can mini it is just the capital gains. commercialize space other john: i hope so because i folks look at space tourism bought some i looked at the such as virgin galactic and price of bit coin since they others but but i think he have been introduced i wish i had bought them last year where they have appreciated a great deal believe the has demonstrated he can put a rocket into space, he has they have been going up. delivered to payloads moving who knows? [laughter] thank you. to commercial payloads and i up next i asked kennedy to think you'll open a whole new category for commercal go to texas toheck out the space people tell understand guns that you can print in your home. but that makes people nervous.
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you could ke pharmaceuticals or products in zero gravity you cannot make on earth. >> talk about computers do we war tha makes me think of lots and that went on in jeopardy. >> said the computer beat the best human? >> again as the two most successful players in history. >> he cleaned their clocks. >> now you say we will have robots that act like doctors ? >> the best decisions made about my health when i go to the hoital. that is a lot to be a decision in support to help doctors and hospitals understand through big data analysis but also make better care decisions that
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will relate if you should have aertain drug or not. >> i hope we do show it is possible. we have seen rocket launching but what if you want to go further that will be possible in just 10 years >> you will be staying not just visiting planets. >> inhabit marshes and tenures? yes the man who started the foundation to land people on the mars by the year 20203. , one. >> it sounds very ambitious but when you realize the difference between sending
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humans there tuesday and then you realize that is what makes it possible we have all the technologies to get them all alive. >> people are signing up and pay actual money? >> yes. people have been waiting for this for so long. more tn four years since humans have walked on the new and not much since then. >> all these people pay a fee. >> know when it is 65,000 paid the fee we see that as a first selection around do i feel confident enough. >> you go there to live see your a mars inhabitant you
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between the seven years before you leave finisher job for the rest of your life spee mickey based on the economy of the country they're fro? >> we make it so people have to think about it is enough to think about it but not so much that anyone cannot afford it. >> it is just $ if you are fr catarrh or $75 but without the fee is how you pay for it? >> the world has been waing for this we are getting donations over the world and individuals. >> it is not government funded? >> we're not interested in that. >> good for you. >> we have nothing against it but then they want
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something back with a one government to involve the we are sending to mars. >> i hope you succeed. you can now prt to a gun at home and special correspondent kennedy checks that out. >> just print the note coms 18 carry gold ring and a dictators are overthrown replica of a multi-billion dollar stradivarius violin. with the help of soal media how can the john: you have heard about libertarians explain the 3-d printing letting you create all kinds of things ready? i take prilosec otc each morning for my frequent heartrn. that homelike remarkable things. >> a team of engineers have developed a 3-d printer to dispense human skin to help burn victims and one successfully build a car. john: wonderful except it upsets some people than you can print jay diamond and cody did just that he calls it the liberator special correspondent kennedy went to visit him.
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>> this is the functional liberator without a barrel and without a firing pin when you pull the trigger the hammer strikes. >> that is the 3-d printed, and. can i shoot it? is a safe? >> i will back off you pull the trigger when you feel like it. >> three, two, one. john: it did not work? >> did not. john: why you hold that in such a strange way? >> my brother would vomit if he was watching there is a nail in the back of the firing pin he said a whole that as far away from my body and face could go into my eye. >> he was backing off. >> but they have worked in
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the past they have nine shots off. >> that is the most he has ever had you don't get a lot of paying for your buck. john: is only $50 in materials in a anybody can soon printed gun at home. >> with a simple printer and a small space he changed the debate. john: he gave you anher weapon partially printed with metal part and that did work. >> i shot a gun with 3d parts. john: the magazine holds 30 bullets some politicians want to be in these but what does that mean when you can print one? because you can't beat zero heartburn. woo hoo! to make it is cheap it is not with us forever some [ male announcer ] prilosec otc is the number one doctor recommended programs are prohibiting the frequent heartburn medicine for 8 straight years. of this and it is not effective.
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one pill each morning. 24 hours. zero heartburn. >> it shows that gun-control is an illusion. >> i in a full-service here here to read you feel better but this space is occupied. deal with it. >> he is a libertarian. >> he calls himself an anarchist who was really good wh computers. >> he is not the only one. >> other people hav banned from what i have seen the ar-15 parts that are banned that will be the popular application more people will print the parts they cannot get is the key is not suited to share hisiscovery he put the planes on the internet in the state department ordered him to take it down and he did by than 100,000 people had down loaded. governmt can't stop this.
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>> this ought to be stopped. >> government will witer on the fine we will all self goern ourselves that we can move forward into a utopia where everyone fins for themselves with the plastic guns the blowup after one shot is a political effort to do away with government. john: he does call himself john: in liberty, limited an anarchist but he considers himself moving the government works and brings out the best in people but discussion for word and you cannot shovel e toothpaste people don't get that. how do we convince them? back in the course. matt tries and they run john: you're trying to -- facebo posts like this one alerting people to the fact that congress passes bills back in the course? >> and try to keep it clean. without reading them been exempt their own staffers >> just assume they're that was seen by almost 2 million people that is not coming for you. >> we have cops sitting unusual for a freedom works post. outside my apartment i know jury leave -- julie post you
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to videos viewed by hundreds that we are being surveiled. of thousands. >> you will n be surpsed ife goes to prison doing w did you start? whatever he can to stay >> because i care about freedom and liberty. within the lot. hn: why would he go to prison? >> guns are bad and they john: why do you care? will makeew laws to make >> i want to do what i want sure whenever he is doing is to do as long as i do harm illegal. anoer person and i found john: how innovation and out through google's. lets us even on their own >> you were a conservative. little phone. >> neo-conservative by m embarrassed about that. find out right here have government john: through the internet you read about libertarianism and i want to help spread the movement? >> so many are politically apathetic there are so many conservative people talk about big government, the war, and morality have in taxes and spending i want young people to know that i am a libertarian. john: and use that i can do that? >> itarted a channel in my bedroom by myself i did not
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know much about technology i just put up a you to channel john: a few people would watch and then few more? >> has gone up pretty slow but now lot of people watching at. john: i will show you another sample of her works they're not angry of the nsa spying so here is part of a video th has more than 100,000 views. >> when did the government become the jealous girlfriend? inote need tonow who you're talking to all times but they say privacy is for cheating boyfriend we all have things you want to keep to ourselves when government is snoing you lose choice and control and freedom. john: then people can
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respond and there is conversation. >> i actually responded to you on twitter and we had a bit of the debate because i am not doing anything wrong i should not be treated like it criminal. >> i just the and had 100 things a hated more. you want to explain liberty but in the old days you may have paid a lot of money for an average try to lobby politicians but now you have options. >> the internet changes everything in decentralizes the way people get their information and lowers the barriers of entry if you think about what is going on with washington d.c. and inside sneaking around now wenow what is going on to share it at a moment's notice then all the sudden 1 million people are engaged in a conversation that used
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to happen with nobody knowing. john: you do a lot on twitter. how was that conversation? that is aouple words. >> theres a conversation people on our stuff don't know how to communicate beyond 140 characters but the old think tank is you would it right 40 page white papers and nobody read or saw so this is a way to engage people to start to have the conversation but then you start to dig deeper then maybe even read to the 40 page white paper. john: you had 21,000 twitter followers? but just by yourself 20,000? me of them are not fans did you get hate mail. >> definitely there is a lot of trolls but it is good because people better not
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libertarians are paying attention and they may learn something. john: that is the goal. for people out there you have tips on social media? >> don't over post three times a day produces the highest level of engagement john: my biggest fear for and think about the america they will spend as multiplier effected the people you touch all of broke grabbing more than their friends that are $3 trillionvery year we can barely keep track of engaged in that conversation there is about 1 billion what they spend. people on twitter soviets libertarians finally have can they he us here? says yes says adam that the opportunity to potentially connect all the people that share these started a web site called basic values and the way open the it is our that lowers the cost and miion to post online every engages people. time tax and spend at the john: i tried how to use on federal, state, and local level. >> in 2006 there was an act ocial media on the bottom left of the screen there is that said this stuff has to the #this case it is be up there. innovati that means you watch the show that uses a and we got together on this
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#to talk to other viers bid legislation that is the and anybody that can connect data that down loaded and through that why is this a reorganize stand up loaded into the commons. john: that was enough? big deal? >> all of a sudden everybody >> we think we have in the world on twitter have reorganized and displayed a million people can connect the data to help regular ople in their home town following that phrase novation if you have that and zip code see the massive conversation with people that did not believe the money flow come out of washington d.c. to see the same things you didn't know massive>hamount of federal spending in in your locale we have the opportunity. john: twitter has links if the most common response is you reallywant to read oh my gosh i am in the wrong business. milton friedman. >> then you read human john: you live in illinois and before this he took 26 acheson cover to cover. john: i could never get separate freedom of through human action. [laughter] information act request to how innovion gives us new find out what your city things to do like is keeping manager cost taxpayers? >> one city manager in illinois had 26 buckets of inflation even reviving your favorite tv show after it is cancelled krispy make if we compensation and took 22
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separate reqst. john: illinois alone you reach our fund-raising goals could find 3,000 eurocrats them make more messy than every governor in every state? >> the lucky 3,000 and collectively at total taxpayer cost they clean off $1 billion per year it is part district it is school this is the quicksilver cash back card from capital one. district treasures it is 47 it's not the "fumblinaround with rotating categories" card. it's not the etting blindsided by limits" card. city and village managers it's the no-game-playing, no-earning-limit-having, that pales in comparison to deep-bomb-throwing, the 400 school give-me-the-ball-and-i'll-take- it-to-the-house, cash back card. superintendents anduj;l-adminisg every governor of the 50 this is the quicksilver cash card from capital one. states. unlimited 1.5% cash back on every purchase, john: the general counsel of the waukegan system says everywhere, every single day. so let me ask you... 229,000, williams manages of at's in your wallet? mass transit, a 286,000 he said i deserve some money.
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>> public service in illinois is corrupted obviouslyb"he had at chapel of his pay this is why your audience is impacted this mass transit district of $60 million of federal grants so talk sexpot blood dash taxpayers across the country are subsidizing the $300,000 pension salary. john: maybe he deserves it that at least we know about it to have the argument. >> right. there has been a policy change resulted from our transparency of salaries in illinois be highlighted school district treasurer his pay with from 163,000 of the 297,000 in one year than citizens asked question i am proud to say last week he was just indicted for allegedly stealing 1. $5 million. john: they always one more. you also check out subsidies and found a lamborghini
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dealership that about 1.$5 million federal loanz >> i would feel better if i was driving one. >> a rolex dealer about3. $5 million. >> spreading the wealth for the wealthy the kind of legal the stupid spending that needs to be reined in. john: only because of technology we knowhe farm subsidies go to rich people like ted turner and michelle kaufman and her family. >> here in new york city half a million goes to the rockefeller family from farm subsidies. >> you show the people ♪ s to the best so let me ask you... within 5 miles of this studio no farms but they get farm subsidies. >> 5-mile radius around the whiteouse, the headquarters in manhattan manhattan, not about the fami farm but wealthy investors who have made the farm subsidies part of their investment planned.
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john: your latest is on the phone. >> asking citizens to put their zip code into the app to see where the federal government is spending your tax dollars. john: think you for you to do. we will see what happens. some theory new technology by a more fearful of something that sts it. [ male announcer ] need help keeping your digestive balance in sync?
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john: the novel 1984 scared people innovation and techlogy could lead to government sing on us everywhere of bedrooms and big brother could watch now we learn in real fe the nsa mike to already be listening. >> the phone is in your pocket to be a government spying device. >>ew technologies can be abused but the fear of innovation is ridiculous the media that the internet will make a stupid and kill serious journalism and kill creativity. >> fidel side of the
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internet the only news delivery system we have ever had was no editor. >> that's true but stop whining overwhelmingly innovation brings good things today i can put this piece of plastic into a wl and money comes out. i take for granted but it is amazing in the count is always accurate and government did not do that. instead government gets in the way of new technology i cannot drive this car to work because deregulation will not allow it regulators delayed the driverless cars a and stifled the wonderful web sites that allow people to make money by sharing your house or car. regulators began wonderful things like prediction in markets in shut down in
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trading and by contrast private innovation but we don't think about ebay and craig's listed facebook wem8]- take three encyclopedia is for granted we don't think twice of the miracle the most everyone has access to all theorld's knowledge on a little phone. wants if you want to find a product was good you would have to ask a friend or wait for a nwspaper to review or gas now there is proud sourcing just go to web sites like urban spoon and he will know instantly much more would be a hollywood producer crowd funding which you get around the once all-powerful movie studios when veronica mars was canceled she went to the internet. 91,000 people donated enough to make a veronica mars movie now spike lee and adam
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will crowd fund their next move three. innovations change the way to change people it used to be expensive to call someone faraway. >> a telephone call will bring them closer there waiting to hear from you. >> and nowtduw we can do video chat to the other side of the world for free. the internet even helps people find love. if you want to find someone uniquely right for you. >> 35 percent of marriages start online into the free market a symony of desires come together then met by people who rack their brains to invent solutions and this is just wonderful i rarely fewer new technology or fear government getting its way. that is ever show.
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see you next week. good night. >> hey, i'm tracy byrnes with the fox business network. welcome to "wine with me." during ts special we will talk about one of my favorite things. wine. we will go to some of the best wine cellars, talk the best people in the industry and more importantly get to see inside some of the greatest sellers. let's go inside the 21 club. >> have the utmost honor to be sitting in the basement of the 21 club with the wine director. he will tell us about how this place came to be. >> i have a story of one of my guess who have a château in
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