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well good afternoon Im Patrick Eddington research fellow here at the cato institute i want to welcome those of you who are here in the auditorium the hayek auditorium and our building in here in washington DC as well as those of you who are watching online either on our website or via c-span I believe that they are in fact on site here recording today just want to go over a few admin items before we actually get to the meat of the program here I would ask that everybody make sure that your cell phones are turned off or at least in silent mode and that applies to smartphones as well and for that matter any other electronic device that might make somewhat annoying noise when were in the middle of having our discussion here we will have a QA portion as we get close to the end of this and when that goes down Ill ask folks to please wait to be called upon wait for the microphone so everyone in the audience has an opportunity to hear you and then Ill ask you to announce your name and af
