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Time to lessen the economic pain, which we are clearly suffering. Meanwhile, fox news has blown the lid off the china virus story. Reliable sources suggest the virus began at a virology lab in wuhan, china. Patient zero, the first person to get it, was a lab worker who went out into the city and spread the virus from there. Now, the chinese authorities covered it up. They delayed action. They altered data and suppressed doctors and journalists who reported the truth. The story is an indictment of china and the communist authorities. It will dramatically change the u. S. china relationship. Heres how the markets reacting to all of this. We got bad news on manufacturing in the philadelphia and new york area. We got a sharp drop in Housing Starts. And weve got those dreadful jobless numbers. But the dow is going to open on the upside, maybe up 90 points. Thats almost a half percentage point. Same story for the nasdaq and also, look at the nasdaq, actually, thats going to be up more than 1
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
Series, saturday at 10 p. M. And sunday at 4 p. M. Eastern here on American History tv. Next, Cornell University history professor Lawrence Glickman describes how the modern concept of Free Enterprise formed in the 1930s during the rise of the new deal. He is the author of Free Enterprise an American History. Lawrence glickman is in the department of history at cornell. Enterprise to free in 2019, he has written for. Ther books he writes on a regular basis for publications including the Washington Post though i am not sure we would call that a popular publication. [laughter] with hisn review articles was named one of the most loved essays in the Boston Review in 2018. Thank you to rachel for the behindthescenes work and pete, eric, and christian and all organizations that make this possible. Thank you to all of you for coming out. I am honored by the size of this audience. No historian works alone. We stand on the shoulders of those who came before and i would like to begin by mentioni