Welcome to the Cato Institute institute. I am david boaz executive Vice President of the institute and its my honor today to be able to introduce and moderate this program. We hear a lot these days for the past few decades about moral decline in america, moral decline in the world. It covers a lot of different areas. Not clear that those are always the most relevant areas to what we might consider public morality. Bill bennett made a career out of talking about moral decline. Lots of radio talk shows have that is a common theme. Most days theres an oped in the Washington Times decrying moral decline in america and indeed i saw recently that threequarters of americans think that we are in a period of moral decline. So it seems pretty convincing but there is an argument that we are in an era of moral progress and i think more people are starting to speak up on the side of both moral progress and economic tangible progress in the world. As i point out in my own forthcoming book, the liber
And now, john stossel. Stossel one great thing about america and Free Enterprise is that for the most part, people can only get rich by helping others in some way. Thats because capitalism is voluntary. No one is forced to buy from you. And thats great. Most of life fortunately happens this way. But on now now in america we have people that can use force. They enrich themselves by using government to force people to give them money. David bows of boaz of the Cato Institute calls this parasite economy. Thats from his libertarian mind. Theres two ways to get rich in any society. You can make it and trade with others or take it from people who have produced something. And i call making it the economic means of wealth, and taking it, the political means. And some of the people who take are criminals. They they rob you. They embezzle from you. But more importantly are the people who use government to take from you. Stossel and thats growing numbers. And what do you mean parasite economy, wh
And now, john stossel. Stossel one great thing about america and Free Enterprise is that for the most part, people can only get rich by helping others in some way. Thats because capitalism is voluntary. No one is forced to buy from you. And thats great. Most of life fortunately happens this way. But on now now in america we have people that can use force. They enrich themselves by using government to force people to give them money. David bows of boaz of the Cato Institute calls this parasite economy. Thats from his libertarian mind. Theres two ways to get rich in any society. You can make it and trade with others or take it from people who have produced something. And i call making it the economic means of wealth, and taking it, the political means. And some of the people who take are criminals. They they rob you. They embezzle from you. But more importantly are the people who use government to take from you. Stossel and thats growing numbers. And what do you mean parasite economy, wh
And now, john stossel. Stossel one great thing about america and Free Enterprise is that for the most part, people can only get rich by helping others in some way. Thats because capitalism is voluntary. No one is forced to buy from you. And thats great. Most of life fortunately happens this way. But on now now in america we have people that can use force. They enrich themselves by using government to force people to give them money. David bows of boaz of the Cato Institute calls this parasite economy. Thats from his libertarian mind. Theres two ways to get rich in any society. You can make it and trade with others or take it from people who have produced something. And i call making it the economic means of wealth, and taking it, the political means. And some of the people who take are criminals. They they rob you. They embezzle from you. But more importantly are the people who use government to take from you. Stossel and thats growing numbers. And what do you mean parasite economy, wh
Moving our economy for 160 years. Bnsf, the engine that connects us. Lincoln financial committed to helping you take charge of your life and become youre own chief life officer. And the william and flora hewlett foundation, helping people build immeasurably better lives. And with the ongoing support of these institutions and. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill the price of oil briefly dipped below 50 a barrel today, for the first time in five years. By the end of the day, it had returned to just above that symbolic threshold, yet still at a five year low. That plunge had a Ripple Effect on the markets, driving Energy Stocks down sharply. But the losses on wall street today webedroad, across all sectors. The Dow Jones Industrial average lost 331 points to close at 17501; the nasdaq fell 74 points to close at 4,652; the s p 500 dropped 37 points to close at 2,020. Wood