Then they have the kids to a lot of times. Then they have to prepare food. Its a hard life. I always say just because i dont know anything because not much has been written about asmat women what appears to be a culture in which women have very little importance for power isnt necessarily true. Its just that we men are privy to mans world and we are the writers. I always say that if you know of any ph. D. Candidates who are women who are looking for a thesis, a woman could go live in asmat and come up with really remarkable stuff. The role of the women and really what their role is. Obviously much greater than we in and my interactions with them would indicate. But it is cut off to me. Thank you and i think that was it. Thank you everybody. Appreciate it. [applause] [inaudible conversations] the judges decision in 2010 was instructive. Hes the first person who is a neutral person to have reviewed all of the evidence in the case and he decided that the evidence in the case was either no
[inaudible conversations] good afternoon. And welcome to our book forum here at the Cato Institute today for a republic no more Big Government and the rise of american political corruption by jay cost. I am john samples, Vice President and publisher here at the Cato Institute. And i again would like to welcome you to this event today for this very important book. Now, if you have been to book forums before youll notice today our event will proceed in many ways the same as all other book forums have that is, you will hear from some participants and then there will be a question and answer session about 1 00 and then lunch. Also one other thing is like all of our other events please turn all your cell phones now so that we can have the event both in peace and quiet. But some things are going to be different today. Were trying some different things, different format. In this particular case our author, jay cost, will speak for a while about the book to give you a general sense of the lay
Boomers retire end this inefficient system that privileges waste and playoffs is going to become more expensive. I often said if you start from the premise of thinking Financial Regulation is about stability or safety and soundness. One of the things that struck me, a commonality and insurance, it was all kind of hidden, it works on issues a lot. Really out rage you about what is on budget, it seems to be contingent liabilities, what let me ask you, it is it the corruption is worse when theres an element of budgetary secrecy . I would say so. I would say there is and the extent to which they are hidden is extraordinary. It seems like i remember when everybody kept telling me things like money failed, but these are going to be great profit but i am sure it is true. In the case of fannie and freddie one of the problems was they werent keeping on his books. Tom cox is the new senator from arkansas. The vote, he was the only member of the arkansas delegation, a very in the cycle guy, a reu
The people who get in government think that they can centrally plan the economy as it the economy or set society was like a chessboard that the government can manipulate. That is the problem with the Big Government. So i dont think i think jays critique is the hamiltonian or henry clay kind of Big Government system perhaps could have worked in washington if we changed the institutions in washington over the decades. I dont think thats right. I think the government failed because it tries to centrally plan. A second point and maybe this is more, i thought it was interesting more bit of an agreement with j. Is that the master and the of checks and balances and that factions and extend republic our each other to the broader public good medicine and fairly, jay can correct me if im wrong, didnt see logrolling. Its a central and crucial problem in government and jay goes into this in some detail. Back to the 19th century logrolling was a huge problem with various programs. I think a discuss
Since 1933, we have subsidized farming in america. Is that a good idea . And who benefits . The small farmer big agribusiness or, at the end of the chain, the consumer . The story of the American Farmer is one of the great ironies of the modern era. Incredibly productive, but frequently unprofitable. Its a story that too often ends like this. Perfect competition and inelastic demand can the farmer make a profit . Economic analyst richard gill and i will examine that question on this edition of economics u a. Im david schoumacher. You can see the forces that control a Farmers Economic wellbeing at work here at this farmers market. Taken together it demonstrates a concept that economists call perfect competition. In other words, every farmer who raises, say, tomatoes, is in competition with every other farmer who raises tomatoes. The market determines the price through the interplay of supply and demand. So the farmer is a price taker, not a price maker, and he tries to produce at the lo