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Doug Cardell

Economist, economic policy expert, and best-selling author of "Why Socialism Struggles"; USAF veteran and former congressional aide.

Oct 15, 2026

10:07
But I'm sorry, I interrupted
10:09
you.
10:10
No, but you're exactly right.
10:12
But what people don't understand is that there are lots of complex systems in the world.
10:20
And they all share in common the idea that you can't manage them.
10:25
They are absolutely unmanageable.
10:28
And the economy is exactly one of those things.

24 MINS LATER

34:36
yeah
16:26
Why do you think it would work, and what unintended consequences would convince you that it doesn't?
16:34
Well, Trying to solve any problem, you have to look at what's causing the problem.
16:41
And in the case of asset bubbles, asset bubbles are like the housing bubble in 2007, 2008.
16:49
There's tons of examples.
16:52
The first well-known one was the tulip asset bubble in Holland in the 1400s.
17:00
And that was where people were flipping tulip bulbs.
17:03
They found that they could buy tulip bulbs, hold them for a month, and sell them for a higher price.

38 MINS LATER

55:00
I think that would be a beautiful thing.

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