it s a pleasure to be here. this is a story that has deep roots all across the united states, but has a special meeting for cle. so it s fun for me to be here, in fact that both of my books have seattle, seattle exhibits this week is particularly fun. so what i would like to do is just introduced the book by reading the first couple of pages from the prologue in which i landed on planet earth. did you know that wyatt earp was buried in a jewish cemetery? just hearing his name through back to my childhood in the city sprawled on the floor in front of a black and white television watching westerns with my big brother, joey, dressed up in his special shirt with braided trim and snazzy snap buttons and black cowboy hat and shiny guns and a faux leather holster swung around to see. joey and i tuned in and pretended to walk the streets of tombstone every week together with millions of americans, young and old. joey was my hero, and marshall perp was his. brave, courageous, bold and
we turn those small spaces into stand-alone images of a free space of trade. of a free market. all of the regulatory framework that is necessary to create a little space like that as a space of free trade. the illusion really is to think that there can be such a thing as voluntary compensated exchange that can occur without all of the mechanisms required to put it in place. the chicago board of board of trade is a perfect example. and institution we think of the ideals of the space of the free market. and institution constructed through enormous regulatory intervention. in other words a privately chartered organization that could indeed exist in some sense without having criminalize the other bucket shops in chicago. if you hadn t had the criminalization and elimination of all of those other spaces you wouldn t have been able to create that image, that illusion that this is a place of freedom. what i tried to get at in the book is what worked what it does for us to create