I can assure you that the authors that we are featuring today are serious accomplished economist who is decades who worked to form this publication. The subtitle of the book to economist drink their way through the unfree world gives us the unconventional approach for a couple of academics. That subtitle did not surprise me though. I tend to run in to ben powell and bob lawson at economic or academic conferences around the country and around the world and inevitably had drinks in their hands, probably because we chat at the hotel bars and the like. But the conversation is always interesting, informative and fun. And that is also true of the new book. This is a light book about a heavy topic. So it is fortunate that we are featuring today on the birthday of the late freedman, one of the greatest economist of the 20th century and the champion of economic and overall human freedom. We were lucky to have known him and for some of us who work with him to a limited degree. He too would agree
Socialism sucks, is more irreverent than most Public Policy books we usually organize events around here at cato but i can assure you the authors we are featuring today are serious accomplished economists with decades of scholarly work. Inevitably, they have drinksn their hand, probably because we chat at receptions, hotel bars and the like. But the conversation is always interesting, informative, and fun. Thats also true of this new book. This is a light book about a heavy topic. So its fortunate, fortuitous rather, that we are featuring today on the birthday of the late milton friedman, one of the greatest economist of the 20th century and the champion of economic and overall human freedom. We were lucky to have known him, or some of us to have worked with him to a limited degree. Im sure he, too, would agree with the title of the book, though i i cant really recallm ever putting his opposition to socialism in quite those terms. Today, socialism has gained an appeal among some americ
[inaudible conversations] good afternoon and welcome to the Cato Institute. I direct the center for global liberty and prosperity here at cato the title and style of the book were featuring today, socialism sucks, is admittedly more irrev vanity than the typical more staid Public Policy books but i can assure you that the authors that we are featuring today are serious, accomplishments economyis whose decade of scholarly work inform the publication. Thesen title two economists drink the way through the unfree world gives a flavor nor unton generalizational approach. That subtitlele didnt surprise me. I tend to run into ben powell and bob lawson at economic or academic conferences around the country, and around the world, and inevitably they have drinks in their hands. Probably because we chat at receptions, hotel bars and the like. But the conversation is always interesting, informative and fun. And thats also true of this new book. This is a light book about a heavy topic so its fortu
And will only be down a fraction at the opening bell today. The nasdaq, that is four points away from its high and will be up nine at the opening bell this morning. Across the board, stocks remain strong. All right. Now, im going to show you three wellknown companies that are big losers today. First of all, grub hub. Ouch. Down, what, 33 . Each day our planet awakens with signs of opportunity. Its forecasting weak sales in the future. But with opportunity comes risk. Beyond meat, down about, what, and to manage this risk, the world turns to cme group. 20 bucks right now. 20. 73, 19 , even though it we help farmers lock in future prices, reported a profit. Todays the day when insiders are allowed to sell. Banks manage Interest Rate changes google, thats down even though all so they can manage their risks and move forward. It brought in 40 billion worth of revenue in just three months. Its simply a matter of following the signs. That was up 20 . The stock is down, now its down they all l
Making money. Charles s p 500 hitting another alltime high today, but google is a drag on nasdaq. Blue chip names are powered by really strong domestic consumer economy. That is trying to lift the dow. Speaking of consumers, confidence report from the Conference Board missed. Key components, including business good, business bad, plentiful jobs all bottom much better. Clearing, the Conference Board declared there are no indicators or indications that consumers will curtail the holiday spending. Were halfway through the earnings season, on cusp of big fed decision. In the hour i want read on markets from jack ablin, and jeff saut. Jeff, i will start with you. I was impressed by blue chip earning results, guidance from him. There is sense of anxiety on the market. Dow was up one point right now. People are still hesitant. If you look at big money poll in barrons, 27 of professional Money Managers were bullish. That is about as low as it gets. Were seeing breakouts. Financials start to co