Note that. They have federal models for me you cannot put freemarket economics and dior values together with your economics. Because did your book is the synthesis of ethics and faith and publicservice. And the fact is people came to know you with your surprise victory at as a possible majority leader the only person to beat the House Majority leader. So that is how people came to hear about you and the media showed up but it tells us who you are and i am wondering can you tell us about this as did overview about how there is this synthesis of economics and politics. Primarily that is why i wrote the book. To go back to reagan or the founders with the primary goal is tradition i wish everything was as simple these days but to get a ph. D. In economics all the incentives are highly specialized. But for the last 3,000 years but it was all about the greatest thinkers like socrates or bmi do it seekers they all took the of classic greek and hebrew and not 10 and that was liberal Arts Education and. And only applied to teeten at those colleges that is what to shot all five did a good job or not it is possible and those ethics dont match up with that wrasse like karl marx zika not wind up his economic incentives with his economic said it was a failure. But both wanted a large number of small competitors. With a large number of factions competed est each other. They go together. Were not teaching you have of that these days it is a first edition. One of the things that i was struck by is the complementary aspect placid is linked and that was intrigued that to work on the sabbath we all have rules to resume private property or to hold things that may be coveted. And the basis of the judeochristian religious tradition that permeates Public Policy from your perspective. Our founding with singapore in chapter can you tell us of little bit more . As the history of our faith . And resaw very clear as mud dash clearly that it got at it they cannot see it david judeochristian was not a given and that was debatable. So no on the wall of separation between church and state we want that. That separation in the oppressed must have a shred of a religion free exercise thereof. But it is a dressy, but and terms of the soul of the American University we said lets make a deal. We found it the presbyterians. We found them. To move that across but he should be efiks. Net will be sold now there is no match for a lot talk anymore because the college said leave. Everybody talks about the separation of church and state. Du vide type of a sector rationed methanol law or commune bids think our secular society. That it was not the most loving society. This is the doctrine of love that o do you want compassion and love . They dont want religious establishment. But as a total separation the left agrees with humanrights and they emerge only in western europe at of the judeochristian religion. So we argue that they proceed the existence of government. Do you want a separation of that . Yes arnaud. Push the figgie a little bit. We are part to and get a good debate going east. Nd images the catholic tradition of my faith of forms of it pretty much how everything that i do. But talk about how your faith informs your publicservice ad your approach to the house of representatives. Did this bio graphical her a big detroit, born in michigan. Pond. But that was said. I worked with the army then with world bank did offend wound it did in the ethics when air reprogrammed. So it is my colleague to but those to the east together to keep the conversation going. Goddesses lecture notes. Is not a babar with that ethics philosophy. But you did in touch john the ph. D. And she is a wonderful woman. It was pretty funny with the mutual friend said that the blind date high howre you doing . And we have had values and common. Really . I met a normal person. To have that same judeochristian outlook i love where were going one. Saw 20 years then jonathan went off to college. En meteors . It hit be amway hard. She is the peer three weeks out of the month and it that is not good when you see them. Was. A guy wanted to come back to the not just the of horizontal separation of powers but that is how they were to be a check on the federal executive branch. Did then in that regard. As the country and a day government if that is a tradition former juror thinking furtively horizontally and with the tenth amendment that vertical separation they are 18 enumerated powers want and since then be violated that the hook beyond comprehension there is the picture where in 2013 the house did 5 inches of bills. So we get the sense we are upsidedown become my we are. We although the executive overreach with but we have to push the exact. The easiest way to see that bottom line that the federal programs are insolvent. Medicare and. Everything the fed and touches with all federal revenues is justintime of its programs. And that is not be. That is the best data up here and that is the graph of the Budget Committee. As virginia is so well run state. If you want those that the local level the ago voted. It is an excellent education we should do that. That i have p. M. Saw fire to debate what is sought the salad bar. I dont know how they went to check again about we debated. At the federal level of local school brith the implications that if you conservatives man like. That is intrastate and it that is the case. If the people vote the key is a democratic republic. That just means you have a process and the democratic republic that is a fiscal hawks you lose. And you can move there is a large number of options when. I point out the federal government is the creation of the state. In this remarkable how few people realize. And got your point about the federalist checks and balances that is overlooked lot of the times because we are concerned of the assembly of us separation of powers but it is powerfully evident with the prerogatives of the state and resold see so many cases with this clean power plant it is devastating. 23 states have said no. We are not among them but i sure hope that the legislative branch at the federal level uphold those positives to the executive branch overreach. Is important. Some people think it is the executive doing a power grab. It is our own fault test because roe v. Wade of the judicial side but politicians dont want to vote. Bbb kicked out. So the judiciary is the same ebs executive. We vote on clean air or clean power to say you will make a lot to employment to determine clean is an they have tremendous power so now the farmer and the readers are looking what that looks like and having a hard time tuesday afloat so Congress Shall make all laws. But this area of casting votes is is one of the recent that you are a strong proposal reported of term limits quick. With a couple of authors had that number if you have your eye on the leadership there is nothing wrong with that in did to put back all the dead could its back can. In it in witty elections. People are lining up to be chairman of the committee. But if you vote in lockstep you can start looking because both sides to this. And it is consistent that would serve l. Logger or no more than two terms and it is important of that mentality. Did you have a favorite of founder quick. Probably that is sent there was love the constitution that washington is interested. Theyre all these other guys jefferson or virginia we are blessed but the more i read it he is the one that everybody likes he is bbn. Everybody be feared him and was automatic. You dont quite get to see him alive but what is the look on his face . All of these great men with the egos turned to him to say this is it. I live on one of his old farms. We were on a business trip in the blood did. And be were talking about so was a new belief and when you stand on the chair at again in he said it is of the love of table but the whole bloody lot of them. [laughter] when it is remarkable. Went with the under pending. Of the enterprise. From conservatives cometary with uh Economic Growth and as the party says the Free Enterprise system and to make that point in the book freedom and earnings. The next graph shows those incomes from the most marketoriented. History data. But the chart is definitive and approve of that. Is a just economic value end labor if there is Human Dignity and work. With a market economy with the Dynamic Growth were is that enamored by socialism coming from . And smith is a classical liberal. It is suggested, this is us dissertation on all of the indicators. Where do have the cleanest in meyer request the highest degrees for with did. Capitalist countries. Then you talk about the dignity of work with a six volume set in who we chicago trade with a ph. D. Is economics will read incredibly smart person becker product says the cause of Economic Growth every person made mud does a dollars per year. Then you get a hockey stick so she takes on 20 nobel laureates. Human capital and the industrial revolution, technology and trade they are causal but the probable cause is up 1700 family started to call the business manner the business will but morally good my a tradition has not been perfect. Anybody or any tradition. That the d. C. It is morally good. But we changed the l. Ego to say it is reversal. Yes water we teach a hour kids every teaching them it is good or it is corrupt with business wall street is nasty . The one i would knock out thousands that is something that ive learned. You dont get doors do you have. People are very good to help them felice. We have to reverse that leg wage it is said just a skilled but a colleague. You better be happy and passionate every waking igor of your life for it will be miserable. We have to show them this is good for you. And by the way did politics. Did is clear that you love from the book cannot just a professor by the teacher who comes through here. Do you courage your students today to get involved in politics greg. I do but with the of republican and augustine do the math to the 30 and then up politics at 50. With the bartholdi age. Did to make sure that we are done with that. So come to some internships on capitol hill but if you learn go into a vocation first. Always major in your passion. Do what you love. But minor in the county or science. So follow your passions. People say i am glad i did did that i needed a backup plan. I always say that i know a lot of successful people as that external valuation of success i dont know any happy people. But if the goal is success you may find yourself not very happy. And the incentives from the video generation that like their parents more. So what came of came up with the economy of a lost generation of. Tell themselves everything is back to rural but immediate lead there was not one of the rest of the chapter the visible recovery. But the l. , of decades about sound money or regulation and increase the regulation with a note when but that Current Situation implies all weedy to do to get out that we fundamentally the to bring those. We have been told platform or 5 by year point is this is because of the fundamentals bois. But you take it off 10 dash pick it up from here. If you talk to any Small Business person beginning with obamacare you could disagree but now the premiums are going up conservatively over the news the deductibles are two to 5,000 in all the economic studies show the average family has about 400 on hand. You put that together its devastating the average family knows i cant make it for the downturn and then the fundamentals and th of the econe at 1 and thats what the deficit up to 550 billion. It can become money for loans of her go outside if you are growing at 1 with a huge stimulus i get into debates. If you raise the Interest Rates to present what would happen . It would crash. We had this debate over a quarterpoint. 2 wouldnt be normal. So we are on a sugar high. The bread and butter is the capital of the accumulation acct Financial Capital machinery. Who is willing to put millions of millions into a physical capital base right now with a bit but he will make him the next ten year window . Host there is such an effect you dont know what the next regulation is going to be. It hinders any ability to make a bet as you said. Everyone is just looking to see where can i get two or 3 , that is not the spirit we need. Let me talk about something in terms of the economics as well and you make a point here on page 49 you said washington shouldnt be in the business of picking the winners and losers on the private sector the best way is to thrive based on the consumer demand for the products and services bought on the powerful friends they have in washington. This talks about how president obama really moved our economy away from an economy where its the premise of your dough is ths more important than who you kn know. And the fact is what we are seeing is the decisions of 100 million americans every day in the private marketplace on healthcare choices that you just talked about and energy decisions, you name it are being supplanted by the decisions of 100 political appointees in the city and that has a dampening effect. People have figured it out so the new media we go on the web for good or for bad its brought about the course of the language and i try not but be educational upside is huge. People figure out whats going on right now. You have 80 gone for outsider candidates and then they get 50 of the vote unheard of because people have seen them getting left behind in the dust and if you dont have a lawyer or lobbyists etc. , they can get through the regulatory tape. They dont like it but back in the 50s, General Motors goes so the nation goes. If 11 out of the 15 exchanges and asked if the has to say comt ratings about the exchanges so that shows you somebody is scared of the federal government. When you are losing 200 million a quarter and back out and say the exchanges are okay, the pressure you can imagine what the small guy is undergoing. They have to put a huge rainwater tank underneath the restaurant for 200,000, 200,000 that is the highpriced university. Its hitting them hard. It is a navigable water. Thats the hardest thing to teach. It does take a while to see then that you have to trust the price system but thats what the country is built on tha but we w prices to dictate. How do they know how to put the ten loaves of bread and batteries on the table because every time the they scanned my s purchased so the information goes shooting out to the supplier. Thats amazing. No central planner knows that. The day you start picking winners and losers it isnt a little error, it is catastrophic for the country Going Forward and thats the main reason i want to run for office is to try to convey that logic. No doubt thats true people commit crimes all the time and yet there is a notion that in a Government Entity making these decisions they are immune from any of this and the view of the left i always felt his profit motive inherently evil and good and pure but that is the mindset when you talk about that on the book and expose the fallacy of that which i think was healthy. Guest thaguest co. That is n logic. The last thing you want is a concentration of power anywhere. When you have before chilean dollar Budget Office and 18 trilliondollar economy, that is a concentration of power and the executive branch has disproportionate control over the budget. So right now we are going through the budget thing and i wish we were in regular order. That would mean that it would go from the committee to the floor for vote by the peoples representatives. Five or six people will determine the budget for the United States in the next month. Ive tried to call out the red flag and educate yourself on all of the budget numbers because it is a big deal. Its a huge deal and the other thing you talked about in terms of the Budget Committee, you talk more about the debt and the deficit and if you pay in this book we will hea were heree nightly news of course you talk about not only the economic aspect but the moral aspects as well. I remember in the past debates and discussions huge debates it seems to have fallen off the radar yet it doesnt get much potential. Why is that . Guest everything is good. You want more education, more missiles, more everything. But as i said before, bu the dae is 19 trillion. The unfunded liability is to pay for medicare, medicaid Social Security is 100 trillion so in the 10yearsold revenues are going to be used for the mandatory spending. So where is the ethics . Anybody while being to appear on behalup here onbehalf of all ths forgetting one group of people. When medicaid and medicare and Social Security are insults and. The kids will get more than a 20 clip. I taught those kids. No one is sticking up for you guys. I go out every day. It is a moral calling to show what is going to happen in the law you have to run a bill through the house and the senate and overcome a veto. Most people dont know the basic facts. I get constituents what are you doing to fix it . Im doing everything i can to influence folks and i have the balanced Budget Amendment but its a heavy lift. I am talking with democrats. One of the biggest is the war between the right and left personally. We get along and i debates my good friends in the morning and we debate religion economics, policy, everything. They are friendly good people. We all get along great. The truth power in the city is right in the middle. Do a quick scan and you will see who is controlling the 4 million. Ive always felt the media tends to extol the virtues of those in the middle of doing that kind of thing. Everybody plays a role in the process, but they tend to diminish the importance of those like you and on the left that are making the argument for either side. I used to say you cant split the difference and its the difference that get all the glory to the certain extent and those that are defining the difference is playing a very Important Role in the political process are marginalized. Theres a few key words you have to learn how to govern and compromise and i say i talked to the fifthgrade classes all the time and if you got 550 billion deficit i would say should we increase the number or decrease so when the fifthgraders get if we are talking about compromise and im willing to compromise with anybody but its got to be in the same direction. If you have 1 E