About 4 minutes is about foreign policy, the wars and Tge growth of the military. He was right,although I think most Middle East specialists shared this view.

Importantly he is right about republicans and democrats both wanting big government.

But it is really important that his prediction on interest rates was entirely wrong. The importance of low interest rates cannot be emphasized enough. This is where the libertarian thesis is faulty.

Apparently they all came true:
http://www.youtube.com/watch?v=ifJG_oFFDK0&feature=youtube_gdata_player