HELLO AMERICA. I'M MARK LEVIN AND MRS. "LIFE, LIBERTY & LEVIN" SUNDAY. THANKS FOR BEING HERE THIS LATER HOUR. WE HAVE TWO GREAT GUESTS THIS THIS EVENING WE STAFON IN GENERAL KEITH KELLOGG AND WE WILL GET TO THEM IN THE MOMENT BUT BEFORE WE DO THE SHOW IS A PUBLIC SERVICE. IT'S A PUBLIC SERVICE TO EDUCATE SOMEBODY WHO IS UTTERLY WHEN IT COMES TO ECONOMICS. THAT WOULD BE VISE PRESIDENT KAMALA HARRIS WHO'S SEEKING TO BE PRESENT AT THE UNITED STATES. WE KNOW SHE'S UTTERLY BECAUSE WE HAVE HEARD WHAT SHE SAID AND SEEN WHAT SHE'S DONE. I TAKEN THE LIBERTY OF PULLING A SIXTH-GRADE ECONOMICS TEST OFF OF THE INTERNET. WE DON'T HAVE TIME TO DO THE ENTIRE SHOW BUT JUST FOR A FEW MINUTES. I WANT TO PROVIDE OUR VISE PRESIDENT WHO SEEKS TO BE PRESIDENT WHO WANTS TO RUN THE ECONOMY WITH HER INDUSTRIAL POLICY IDEAS TO EDUCATE HER BECAUSE CLEARLY SHE DIDN'T GET A COURSE IN BASIC ECONOMICS AND HASN'T READ A BOOK ON IT LATELY EITHER. SO LET'S ASK HER SOME QUESTIONS BEFORE WE GO ON. FOR INSTANCE THE LAWS OF SUPPLY AND DEMAND PLAY IMPORTANT ROLES IN THIS TYPE OF ECONOMY A TRADITIONAL P COMMAND, SEE MARKET AUNTIE PLAN. KAMALA NOT TRADITIONAL IT'S CALLED A MARKET ECONOMY AND WE MIGHT REFER TO THAT IS CAPITALISM, AND ECONOMIC SYSTEM YOU BENEFIT FROM THAT HEY SHE IS A PRODUCT EXPORTER, IMPORTER CONSUMER AND OVERHEAD. KAMALA SHE'S NOT OVERHEAD, SHE'S A CONSUMER BUT LET'S TRY A FEW MORE. SO FAR YOU FLUNKED. ENTREPRENEURS ARE MOTIVATED MAINLY BY A THEY NEED TO BE IN CHARGE BUT THAT'S A POLITICIAN. B THE DESIRE FOR RISK C THE HOPE OF MAKING A PROFIT IN D THE NEED TO REPAY THEIR LOANS. THAT WOULD BE C THE HOPE OF MAKING A PROFIT AND -- COME A LOT THAT MAKE SOMEONE A PROFITEER OR MONOPOLIST. MAKING SOMETHING INTO FINISHED PRODUCT USING RAW MATERIALS IS CALLED A ECONOMY B MANUFACTURING C FACTORIES THE PRODUCTION D INTERDEPENDENCE. KAMALA IF YOU SAID B MANUFACTURING YOU GOT ONE RIGHT. LET'S TRY THIS ONE STOCKMARKET CRASHES HAVE RELATIVELY LITTLE EFFECT ON THE OVERALL ECONOMY A TRUE, B FALLS. THAT WOULD BIBI, FALSE. WHAT DETERMINES THE PRICES OF GOOD IN THE MARKET ECONOMY? THIS IS A TOUGH ONE. YOU'VE BEEN GETTING THIS WRONG RELEASE 20 YEARS. A CUSTOMS AND TRADITIONS B GOVERNMENT AGENCY C SUPPLY AND DEMAND E CUSTOMERS. SUPPLY AND DEMAND. SUPPLY AND DEMAND, KAMALA. DO YOU KNOW WHAT SUPPLY AND DEMAND MEANS? DO YOU KNOW WHY PRICES GO UP AND PRICES GO DOWN, WAGES GO UP AND WAGES GO DOWN? I DON'T THINK YOU DO. I WANT TO DO SOMETHING VERY SPECIAL WHICH WAS NEVER DONE ON CABLE. I'D LIKE YOU TO WATCH A SHORT VIDEO. LET'S -- IT WAS PUT TOGETHER BY THE COMPETITIVE ENTERPRISE INSTITUTE AND WRITTEN BY LEONARD E. READ AN ECONOMIST IN THE PAST. I WANTED TO WATCH THIS. ALL OF AMERICA BUT ESPECIALLY KAMALA. KAMALA I KEPT IT NICE AND TIGHT. IT'S GOT GRAPHICS. YOU DON'T EVEN HAVE TO READ. JUST SIT STILL AND WATCH. YOU TWO AMERICA. GO. ♪ THIS IS THE WORLD WE LIVE IN. IF WE WERE SURROUNDED BY IT EVERY DAY, IF WE DIDN'T TAKE IT FOR GRANTED WE BE BITES INTRICACY AND BRILLIANCE. THIS IS AN ORDINARY FAMILY HERE WOODEN PENCIL. YOU MIGHT THINK A PENCIL IS A SYMBOL. CHANCES ARE YOU'VE BEEN USING MONTH SINCE BEFORE YOU COULD READ OR WRITE BUT JUST BECAUSE IT'S FAMILIAR DOESN'T MEAN IT'S SIMPLE. IN FACT IT'S COMPLICATED AND ELABORATE BEAUTIFUL ELEGANT. IT'S VERY EXISTENCE IS TOO IMPROBABLE FOR ANY ONE PERSON TO TRULY COMPREHEND. THESE ARE THE BASIC MATERIALS THAT GO INTO A PENCIL, GRAPHITE, CEDAR, METAL AND RUBBER. IF YOU HAD ALL THE ELEMENTS OF A PENCIL RIGHT IN FRONT OF YOU, COULD YOU MAKE A PENCIL? IT'S NOT AS EASY AS YOU MIGHT THINK. IN FACT NO SINGLE PERSON ON THE FACE OF THE EARTH CAN DO IT WITHOUT THE HELP OF COUNTLESS OTHERS. THIS IS THE KEY TO UNDERSTANDING THE WORLD. ♪ A PENCIL JUST LIKE YOU AND ME, IS THE END RESULT OF VAST AND INTRICATE FAMILY TREE A SYMPHONY OF HUMAN ACTIVITY THAT SPANS THE GLOBE. THROUGH THEIR WORK AND KNOWLEDGE VAST NUMBER OF PEOPLE HAVE HAD A HAND IN MAKING THIS SIMPLE PENCIL. UNLIKE YOUR FAMILY TREE, THIS ONE BEGINS WITH AN ACTUAL TREE. THE MOST IMMEDIATE ANCESTOR OF THE PENCIL WAS A CEDAR TREE IN THE PACIFIC NORTHWEST. BUT THE LOCKERS TO HARVEST THE TIMBER ARE ALSO IT'S ANCESTORS. THESE MEN DON'T WORK ALONE. THEY IN TURN PERSISTED BY THE PEOPLE IN INDUSTRIES THAT PRODUCE THE SAWS, ROPE AND COUNTLESS OTHER TOOLS THAT THEY USE READ THESE ARE ALSO THE ANCESTORS OF OUR PENCIL. AS IS THE WAITRESS AT A NEARBY DINER WHO SELF THE MINORS LONGED TO SAY NOTHING OF THE THOUSANDS OF PEOPLE INVOLVED IN PRODUCING THAT SIMPLE POLL. ACROSS TIME AND SPACE THE WEB GROWS. CONSIDER THE ROADS, TRUCKS, SHIPS COMMUNICATION SYSTEMS AND THE PEOPLE WHO DESIGNED TOGA MAINTAIN THEM. ALL OF THEM ARE NECESSARY TO BRING THE LUMBER TO THE MILLS AND FACTORIES THE PROCESS OF THEM. THEY ARE ALL THE ANCESTORS OF THE PENCIL AND EVEN WITH THE WORK OF ALL THESE PEOPLE SO FAR ALL WE HAVE IS A STAINED WOODEN SLATS TO MAKE A BODY OF A WOODEN PENCIL BUT IT'S FAMILY TREE IS LARGER AND MORE EXPENSIVE. THE GRAPHITE IS MINDED IN CHINA AND SRI LANKA AT THE PENCIL FACTORY. IT'S MIXED WITH CLAY HEAT ANOTHER MATERIALS BEFORE TEXT OR DID DRIVE IN BAKED IN A KILLED. PEOPLE FROM DIFFERENT CONTINENTS, DIFFERENT CULTURES COOPERATE TO BRING THESE MATERIALS TOGETHER WITH WAXES KILNS FROM ACROSS THE WORLD. THESE TWO ARE THE ANCESTORS OF THE PENCIL. IN THE SAME IS TRUE OF THE RACER. WITH INGREDIENTS FROM AROUND THE WORLD THE END RESULT OF THE SIMILARLY COMPLEX BRANCH OF THE FAMILY TREE. AS IS THE METAL BAND MADE FROM MATERIAL THAT MIND OR REFINED AND SHIPPED FROM ALL OVER THE WORLD. EACH PART OF THE PENCIL IS THE RESULT OF THE COLLABORATION AND CORPORATION OF MILLIONS OF PEOPLE. TOGETHER THEY FORM A PROCESS THAT IS CONSTANTLY CHANGING AND ADAPTING. CHANGING THE AVAILABILITY OR COST OF MATERIAL FROM ONE PLACE MIGHT MAKE ANOTHER SOURCE MORE DESIRABLE AND THE PROCESS CHANGES AND ADAPT. THERE IS THE FACT THAT STILL MORE ASTOUNDING. THE ABSENCE OF ANYONE DICTATING THESE COUNTLESS ACTIONS WHICH BRING THE PENCIL INTO BEING, EACH MEMBER OF THIS FAMILY TREE SUPPLIES ONLY A SMALL AMOUNT OF THE NECESSARY KNOW HOW NEEDED TO MAKE A PENCIL. THEY DO SO VOLUNTARILY, NOT BECAUSE THEY NECESSARILY WANT OR LIKE PENCILS BUT BY WORKING TO CREATE THEM TO EXCHANGE THEIR LABOR AND SKILLS FOR THE WAGES TO LET THEM BUY WHAT THEY WANT. WHAT YOU ARE SEEING IS THE MARKET AT WORK THE SPONTANEOUS CONFIGURATION OF CREATIVE HUMAN ENERGIES OF MILLIONS OF PEOPLE WITH THEIR SKILLS AND TALENTS ORGANIZING VOLUNTARILY IN RESPONSE TO HUMAN NECESSITY AND DESIRE AS IF LED BY AN INVISIBLE HAND TO PROMOTE AN END WHICH WAS NO PART OF THE INTENTION BUT EVERY SECOND WE ARE LIVE WE BENEFIT FROM THE PRODUCTS OF VOLUNTARY SPONTANEOUS COOPERATION. THIS IS THE MODERN WORLD. IT'S MIRACULOUS, IT'S INTRICATE AND IT GETS BETTER EVERY DAY SO LONG AS PEOPLE ARE FREE TO INTERACT WITH EACH OTHER. IF WE CAN LEAVE THE CREATIVE ENERGIES OF HUMANKIND UNINHIBITED THERE'S NO LIMIT TO WHAT WE CAN ACCOMPLISH. ♪ >> KAMALA HARRIS YOU CAN THANK ME LATER FOR THAT. ISN'T THAT FASCINATING AMERICO? IT'S A PENCIL. THE FEDERAL GOVERNMENT DOESN'T KNOW HOW TO MAKE THIS PENCIL. POLITICIANS DON'T KNOW HOW TO MAKE THIS PENCIL. BUREAUCRATS DON'T KNOW HOW TO MAKE THIS PENCIL. WHAT MAKES KAMALA HARRIS THINK SHE KNOWS HOW TO MAKE THIS PENCIL? DO YOU KNOW WHAT KAMALA HARRIS WANTS TO DO TO THIS PENCIL? SHE WANTS TO BREAK IT. DO YOU KNOW HOW YOU BREAK IT? TAXES, REGULATIONS, INTERFERENCE , HARASSMENT, LEGAL INVESTIGATION. KAMALA HARRIS DOESN'T BELIEVE IN ECONOMICS. SHE BELIEVES AN IDEOLOGY. SHE DOESN'T COMPREHEND ECONOMICS. YOU SEE HOW COMPLICATED IT IS TO MAKE A PENCIL? IMAGINE RUNNING A HEALTH CARE SYSTEM. LET ME SUGGEST TO YOU THAT'S A LITTLE MORE COMPLICATED THAN A PENCIL. IMAGINE RUNNING AN INDUSTRY IN THIS COUNTRY. I SUGGEST THAT'S A LITTLE MORE COMPLICATED THAN MAKING A PENCIL. HOW ABOUT OUR FOOD CHAIN? AND THE DECISIONS THAT KAMALA HARRIS AND HER PAID POLITICIANS AND OPERATIVES ARE MAKING BASED ON IDEOLOGY, NOT BASED ON ECONOMICS. THIS IS WHY WE HAVE MASSIVE INFLATION. THIS IS WHY WE HAVE ECONOMIC DISLOCATION. THIS IS WHY FOOD PRICES ARE HIGH AND AVAILABILITY IS LOWER. THIS IS WHY YOU ARE POOR THAN YOU WERE FOR YOUR. THIS IS WHY THE PRICE OF FUEL IS THROUGH THE ROOF. THIS IS WHY CALIFORNIA HAS BROWNOUTS AND BLACKOUTS BECAUSE POLITICIANS WHO KNOW ONLY ONE THING, SELF-PROMOTION, HOW DID TRY TO PERSUADE YOU WERE ACCURATELY TRICKED YOU TO SUPPORT THEM THINK THAT THEY CAN BRAND THE ECONOMY. THEY CAN EVEN MAKE A PENCIL. LET ME GO ON. KAMALA HARRIS TELLS YOU WE HAVE TO GET PRICES DOWN. WE HAVE TO GET FOOD COSTS DOWN. I SIT HERE CONSTANTLY IN AMAZEMENT THAT THE ARSONIST IS TELLING US HOW TO PUT OUT THE FIRE. THIS IS FROM THE HILL A FEW MONTHS BACK BY LIZ PETE THE FORMER PARTNER AND SHE WRITES THE DEBT HELD BY THE PUBLIC IN 1981 AMOUNTED TO ABOUT 25% OF THE DOMESTIC PRODUCT. TODAY'S DEBT AMOUNTS TO MORE THAN 100% OF THE DOMESTIC PRODUCT. INFLATION, PRINTING MONEY, PRINTING MONEY, IT'S ENDLESS. THE U.S. -- SEVERAL YEARS AFTER THE S&P MADE THE SAME DECISION. THE LAST RATINGS AGENCY AWARDED U.S. THAT IT'S PLATINUM RATING. LAST YEAR THEY LOWERED THE OUTPUT TO NEGATIVE CITING A DROP IN DEBT AFFORDABILITY. THE UNITED STATES OF AMERICA. SHE BERNIE SANDERS, JOE BIDEN TIM WALZ ARE DESTROYING OUR ECONOMY. THE BIDEN WHITE HOUSE DISHONESTLY CLAIMS GOP LED TAX CUTS UNDER DONALD TRUMP FOR 90% OF THE BATTING CREASE. FOR THE RECORD UNDER THE TRUMP ADMINISTRATION THE DEBT WENT UP SIGNIFICANTLY ONLY AFTER CONGRESS PASSED RELIEF MEASURES AIMED AT KEEPING THE COVID COMPARED ECONOMY AFLOAT. IN HIS FIRST THREE YEARS THE DEBT ROSE BY 3.3 TRILLION, TOO MUCH FOR SURE BUT NOTHING COMPARED TO THE 6.25 TRILLION JUMP IN DEBT DURING BIDEN'S THIRST -- FIRST THREE YEARS AND NO EXCUSE FOR BIDEN'S SPENDING. JOE BIDEN'S ENTIRE LEGACY IS OF DOLING OUT UNPRECEDENTED AMOUNTS OF MONEY. HE AND HIS ADMINISTRATION HAVE NOT FACED ANYTHING OR THEY HAVE NOT RESOLVED HOW TO MANAGE THE SUDDEN BORDER IMPROVE OUR PUBLIC SCHOOLS BUT THEY HAVE NOT IMPROVED THE EFFICIENCY OF ANY ASPECT OF THE FEDERAL GOVERNMENT LIKE UPDATING THE WOEFULLY ANTIQUATED AND POSSIBLY DANGEROUS AIR TRAFFIC CONTROL SYSTEM AND SO FORTH. HARRIS IS GOING TO FIX THE ECONOMY? STUDENT LOANS, THE HARRIS/BIDEN SCHEME IS REVERSE ROBINHOOD. PEOPLE WHO MAKE LESS MONEY AFTER GRADUATING FROM COLLEGE ARE SUBSIDIZING PEOPLE WHO HAVE 56% OF ALL STUDENT LOANS DEBT IS OWNED BY THE 14.3% OF INDIVIDUALS WITH GRADUATE DEGREES. YOU ARE SUBSIDIZING PEOPLE WITH GRADUATE DEGREES AND LASTLY MEDICARE AND MEDICAID. MEDICARE FOR ALL WILL DESTROY MEDICARE. IT COULD COST UP TO $45 TRILLION. WE DON'T PRODUCE ENOUGH MONEY IN OUR ECONOMY TO PAY FOR MEDICARE FOR ALL AND ON TOP OF THAT SHE WANTS HEALTH CARE FOR ALL ILLEGAL ALIENS WHO STEP IN THAT COUNTRY AND HAVEN'T PAID INTO MEDICARE. YOU ARE ON MEDICARE. WHO DO YOU THINK IS GOING TO PAY FOR THAT? WE AND THE PRINTING PRESS. SOCIAL SECURITY, MEDICARE TRUSTEES OF SOCIAL SECURITY AND MEDICARE WHAT DO THEY SAY? THEY SAY SOCIAL SECURITY IS BROKE IN NINE YEARS. MEDICARE IS BROKE AND 11. WHAT IS KAMALA HARRIS' PLAN TO BREAK THEM FASTER. MILLIONS AND MILLIONS OPEN BORDER, NO BORDER CONTROL. PEOPLE COMING TO THIS COUNTRY GOING ON MEDICARE AND MEDICAID THAT YOU PAID FOR. THAT'S KAMALA HARRIS' PLAN TO DESTROY OUR ECONOMY SOCIAL SECURITY AND MEDICAI