priced what's known as in the hole, below the last sale, i want you in it. because i think five below's got a big, big runway. it's better than a dollar store dollar store. there's always a bull market somewhere, i promise to try to find it's 7:00 p.m. in the east, 4:00 p.m. on the west coast. now here's what you need to know. my sources tell me the president will announce his choice for the new fed chair on monday, september 23rd. but who will it be? and who will pursue rule-based monetary policy rather than the crazy mess that has prevailed in recent years? meanwhile, it looks like there's a civil war among house republicans, and might that civil war lead to a government shutdown? ann coulter will be here in her new role as peacemaker and she's going to tell me how to solve this fiscal chaos.

>> plus another casualty from nsa wire tapping. brazil is now snubbing us and cancelling a visit. so much for the u.s. being more respected in the world. all those stories and much more coming up in ""kudlow report" beginning right now. >> good evening, everyone. i'm larry kudlow. this is the "kudlow report." we know larry summers is out but we do not know who the the new fed chairman will be. tomorrow we'll get the policy decision and a very important ben bernanke news conference. it we please go back to a rules-based monetary policy? we have seen more catastrophic

tinkering, mettling in the last dozen years than we had in the whole of the 19th century and that is when there was no fed and the dollar was as good as gold. i was there. rules are more important than egocentric-fed rock stars. let's bring in our guests. john, you were there in the 19th century. who do you think should succeed ben bernanke? >> this is giving summers way too much credit, but we may miss him given the b teamers coming in behind him. janet yellen is thought to be the front-runner and she's explicit in her rule that we continue on. i don't like our choices. >> jimmy p., how but? who is your choice? who are you picking?

>> i still think it will be janet yellen. do you have some news that tim guitar in is workie er geithner is working on his 2009 to 2013 tax records. i still think it's going to be janet yellen. liberals would scream if it was anybody but yellen at this point. >> a lot of talk, my sources, too, that geithner was offered the job again and turned it down again after the summers fiasco. >> yellen's the third choice. i don't know if she's the third choice but i think that's who we're going to get. >> john, jimmy p. in his cart california this morning or yesterday morning touted greg mancue. what do you think of a guy like mancue? >> let's face it, he has

keynesian views of how the economy worked. i never heard anything about how he'd like to have a dollar price rule. economists aren't economists because they like to let individuals sit back and do their thing and grow. they like to mettle. he'd have to be an improvement. janet yellen seems like a continuation of what we've had for really the last eight years and it's been a disaster. let's be honest about it. >> greg does believe -- given what he's written, he would like to target nominal gdp. i know john is a big gold guy. that's a new gold standard. you just target that, not necessarily the actual level, you target the trajectory of nominal gdp, provides a mis mni

macro environment. >> what's macro gdp? >> it's just total u.s. output. >> john, let's stay with this. what do you think about this idea from what's called market monitorists. we've had a couple on the show. they want the fed to target total output and spending in the economy called nominal gdp. do you buy that, john tamny? >> wouldn't it be great if somebody knew second by second how many dollars the economy needs and could fine tune economic growth? as we've seen through history, central planning does not work. money's sole purpose is a medium of exchange. any time you move away from a dollar price rule, you rob money of its purpose and in doing that you reduce the amount of investment necessary to move the economy forward. i do not like the idea of targeting something like

economic growth. it's very dangerous. >> jimmy? >> i'd rather target that than have my centrally planned government know exactly is that dollar gold ratio and target a yet owe metal in the ground. i'll take nominal gdp, it was a collapse of nominal gdp and money supply that got us to the great depression. i'd like to avoid that in the future. >>y have two rules on the table. one is a dollar price rule backed by gold, i presume. i'm going to call that the 19th century approach. as i said, i was there in the 19th century and it did work most of the time before the fed. and we had jimmy pethokoukis, who wants nominal gdp targeting through the money supply to get total spending in the economy. i want to talk to a guy who invented one of the most important rules, that being john taylor, who is a professor -- he

was undersecretary of the treasury during the bush administration. he's currently a professor of economics at stanford university. he's the author of famous taylor rule, which, by the way, used to a fed guideline until the central bank went all helter skelter in the last several years. all right, john taylor, tell us about the taylor rule and why the fed should readopt it? >> first of all, it's a rule. i like what you said at the beginning, we have to get back to a rules-based policy and get away from the fine tuning and tinkering. there's been a lot of experience with this one. we had a terrific performance. economists call it the great moderation. the economy was strong, inflation came down, unemployment came down and growth was strong. i say get back to a rules-based policy. that's one we've had a lot of experience with. there's new proposals out there,

you're hearing about it here, too. i think that's something to consider. i think the fed could consider that because they were there in the past. >> right. they looked at it. certainly they looked at it in the 1990s. and actually the taylor rule, i'm going to give you credit you won't take but when they left the taylor rule in the 2000s, that's when they created the great bubble because they kept the target rate, the fed funds rate, way below where the taylor rule would have had it. john, quickly if you would for our evening audience, what's inside the taylor rule? >> it simply says the fed should move its interest rate up when inflation is getting high and down when inflation is low. they should move it down when the economy is in a slump but it tells you how much. that's the important thing. you don't always go to zero, you don't have a much upward and downward swings, you don't go as loss lo

low as 2003, 2004 and 2005. i never called it the taylor rule when i did it 20 years ago but i'm amazed at how much evidence there is for something like this to improve policy. >> a lot of people talk about returning to the taylor rule. among other things, john taylor, you won't have $4 trillion balance sheets, $2.2 trillion in excess bank reserve. john tamny, you're my hard money gold guy, my 19th century century compatriot. what do you think of the taylor rule? >> i don't trust it as the rule. i much prefer the angell/manly johnson rule that prevailed in the 90s that was far more market signal driving the fed's activity in my perfect rule we

wouldn't need a fed we shall would just target a dollar price. i always think it's important to let market signals drive it rather than artificial government calculations. >> let's keep that one on the table. jim pethokoukis, let's keep it on the table. john is referring to wayne angell and manley johnson. they used monetaarket pricing t guide monetary policy. they looked at gold, at commodity indexing, the spread between long-term and short-term bonds. it worked well until greenspan stopped using it. >> they work well until they don't. if you want know is monetary

policiicy too tight or too loos? look at what gdp is doing. it's also explainable. we're talking about communication. bernanke is trying to be a better communicator. this is an explainable, transparent rule. i'd like to ask professor taylor, i heard he said that jan yet ye-- janet yellen might be okay pick. is that right? >> one of your blogs suggested that janet yellen use as modified taylor rule. i just want to add anything, any rules, virtually any rules, virtually any modified rules is going to be better than that literal helter skelter we have seen in recent years. but is janet yellen a rule-based person, john taylor? >> she can be. she now argues off the rules because it's special times and i

disagreed with her about that. but i think the hope, and that's what you're saying there, larry, if someone wants to get back to rules-based policy and is explicit about that, that's a good sign. you disagree with what they're doing now but at least there's a vision about where they could go and i think that's the hope. >> this is going to be a a tricky period because they're going to have to shrink their balance sheet. are they going to pilot the country through this or will there be financial panic? we need rules to explain what the heck it is they're doing. i don't think anybody knows in recent years what the heck the fed is doing. >> it's more important than ever to get the rules. >> the lack of rules caused the crisis. >> we've got self rules to choose from. i don't think they're necessarily inconsistent. john taylor, thank you very much. jim pet kouk is and john tamny likewise. a lot more revelations in the

terrible d.c. naval yard shooting. we have an update on the investigation, including more on the shooter's personal story. premarket capitalism is the bs path to prosperity. give me a sound dollar and monetary rule and i'll give you prosperity. i'm kudlow and we'll be right back. tomorrow the fed's next move. is this the day the taper begins? the fed speaks and the chairman reacts. steve liesman is there with tough questions. r through quality. and earn the right to be called a classic. the lands' end no iron dress shirt. starting at 49 dollars. is that true? says here that cheerios has whole grain oats that can help remove some cholesterol, and that's heart healthy. ♪ [ dad ] jan?

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we have the latest now in the ongoing investigation of the awful d.c. navy yard shootings. nbc news' pete williams has those details for pups good evening -- for us. good evening, pete. >> reporter: good evening, larry. the man came to washington three weeks ago after seeking treatment from a v.a. hospital where he complained of hearing voices and about worrying for his safety. just last month investigators say aaron alexis checked into this hotel in newport, rhode island while working as a military contractor. he called police to complain that people were following him and he was hearing voices. he said they were using a microwave machine to send vibrations preventing hmm frim sleeping. he worried they were going to harm him. a short time later he sought

help from a v.a. hospital. >> oh, my gosh, i'm so tired of dealing with our american government because they are not -- they're giving me the run around and they're shorting me my benefit. >> reporter: alexis drove on to the site on monday, and carrying a bag with a shotgun like this one. >> mr. alexis had legitimate access to the navy yard as a result of his work as a contractor and utilized a valid pass to gain entry to the building. >> reporter: investigators say he went to the fourth floor and came out shooting and stopped to reload. he kept on firing until he was

shot and killed a half an hour later. he was granted a low-level clearance that was good for ten years. four years earlier he was arrested in seattle for shooting the tires of a car parked near his how the. he did it in what he called a blackout fueled by anger. he was arrested again in georgia in 2008 and again in texas in 2010 but he was never convicted of anything and so he was not legally barred for buying guns. officials say it would have been illegal for the v.a. to report he was seeking psychiatric treatment. tonight the secretary of the navy has ordered another investigation of how clearances are granted and reviewed and how installations are protected. larry? >> all right, many thanks to pete williams. >> now, staying in washington, we have an update for you on the budget fight on capitol hill. is it defund obama care or nothing for the gop?

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of deal has been reached with the leadership and rank and file. tell us about it. >> big news. house speaker john boehner has decided to move forward to defund obama care and fund the government. now he's given a concession to conservatives. >> the vote will be on the continuing resolution, which itself will contain the budget cutting sequester, but you're saying it will also have a piece which defunds obama care. is that right >> that's right. it's expected to pass the house. and that puts the pressure on senator ted cruz to get it through the senate, which will be difficult because it's controlled by the rads. >> and harry reid will never let them vote on it. >> this is boehner trying to tell conservatives i'm with you on the defend fight, i'm going to give you a vote on defund but

that doesn't mean it's the only option in the next two weeks. >> who is at the center of the deal? who are the architects? >> probably the republican study commit, steve sclees, the chairman, tom gray from georgia. they tried to go to the leadership and say come with us, at least let's try it defund and pass government fund teg same time. >> eric cantor had a different idea. he said yes to this? >> eric cantor wanted to separate the d.r. with the funding vote. he's considered a -- he's popular with conservatives in the house. >> what about the debt ceiling? because that's the second big vote. so where would they be on the debt ceiling? what would be associated with that? >> so the leadership in a sense tonight threw a bone to conservative business letting them have this defund vote. but the leadership's real

strategy is to have a deal on the debt limit but not on the c.r. they got concessions on the debt lit im, they're looking for entitlement reform, more spending cuts attached to the debt limit later this year. >> if defunding obama care fails in the continuing resolution and it is separate, as you know because so you got a little legislative rule issue there. but putting that aside, if that does fail, that's the backup? >> here's the backup plan. plan b april cording to my sources in the house republican leadership, if it fails, fizzles, boehner will try to pass a short-term c.r. and make a major play on the debt limit for a conservative deal. >> and will they take the last week of september off? or will they be in session to do all this? because you've got a lot here. the plate is full.

>> the clock is ticking very much in congress. they'll be here debating a final deal brokered at the last minute. >> a sorter, robert korksa. >> i am giving her the role of piece maker tonight. she is going to show us all how the gop can reason together. who said we can reason together? i believe it was lyndon johnson. but it was a good phrase. kudlow will be right back with coulter to reason together.

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welcome back to "the "kudlow report." i'm larry kudlow. stocks rose modestly as people await ben bernanke's news conference. a small taper is already in the market but not in bernanke's new conference. and what happened to obama's comments that america is more respected in the world thanks to his administration? now brazil is thumbing its nose

at the u.s. because of nsa eavesdropping. >> the latest poll said that 31% the new health care law is a good idea. 44% said it's a bad idea. here is syndicated author and columnist ann coulter, her newest book "never trust a liberal over 3, especially a republican" will be out october 14th. she'll be my peacemaker tonight, my problem solver. costa is reporting a possible deal. if that deal is defeated, they may go back and go at each other during the debt ceiling. would what would you recommend? what should the republican party do now? >> in this case i'm in favor of them trying to defend obama care. this is not like the '95

shutdown. putting that aside to address your point on the civil war, which i totally agree with. right wingers have got to stop being at one another's throats and call one another names. the people who think it's a bad idea have a reason for saying that. they're thinking back to the '95 shut downs, which hurt republicans. we all want to get rid of obama care, the question is how to do it. the reason this is different from '95, americans don't care about the budget. they don't. you do. it's like claiming they're watching pbs when they're watching "american idol." it's hitting hard, everyone's health premiums are going up. you have the teamsters against it. a news article was quoting warren buffett from a few years ago.

it is a massively unpopular program. >> so then what you're saying is -- >> and there's one other point that's i think crucial to this. think back to the world of 1995. there was no larry kudlow show, there was no fox news, there was no talk radio. there was no internet. we have some of our own media now and things we used to be afraid of we don't need to be as afraid of. but stop attacking one another. we're all working toward the same thing. i also think it would be great to get a lot of these democrats, especially the ones in red states up for the record next year on the record. not only voting to defund, voting to take it out of the hands of the irs. finally and most important, i want them on the record saying congress does not have to live under obama care, which they do not right now. >> in the senate you want them on the record? >> yes. >> costa thinks there might be a senate vote. do you? >> i don't know. but i don't think it will look good for the democrats if there

isn't one. health care isn't a minor issue. >> switching gears,ism sensed case of obamanonics yesterday. a day when 13 people were killed at the navy yard. president obama continued attacking republicans that day with the same old partisan rhetoric. take a look at this. >> i cannot remember a time when one faction of one party promises economic chaos if it can't get 100% of what it wants. you have some republicans in the house of representatives who are promising to shut down the government at the end of this month if they can't shut down the affordable care act. are some of these folks really so beholden to one extreme wing of their party that they're willing to tank the entire economy? just because they can't get their way on this issue? >> all right, there you have it. it's your basic partisan

campaign speech. but what burns me up and i don't think i'm alone is this was a really bad day in washington, d.c. with lives lost, tragic killings, people injured and so forth. he spent the first ten minutes of that speech on the navy yard problem. he could have spend the rest of the speech on the navy yard problem. instead he goes into partisan gear. and but he's trying to make a deal with republicans and th that -- maybe i'm just not remember bug i do not recall a time when obama has been this tone deaf. my impression is just that this whole syria debacle has completely thrown him off his step. i mean, you had -- you probably saw it, joe scarborough really going after the president for in the middle of this shooting and in the middle of a speech about

it to turn around and give a partisan speech like, there you couldn't cut that off and say i'll give that part of the speech tomorrow in. >> and it's still going on. they thought there were more shooters. >> lockdown. >> there was lockdown, people were panicked in the navy yard and all obama can do is rail on about sequestration and say republicans are trying to wreck the economy while the navy yard is getting wroecked and people are getting killed. i don't understand that. i don't think that is going to slip by. >> i think he's feel very frustrated because that is a misstep. >> but he's got to get a budget through. what a great way to do it. >> that has been his style. what happened to the charm offensive last winter? >> it was over the moment it was announced. he reinvited the republicans and attacked paul ryan in the front

audience of white house press briefing? >> oh, yeah. >> he's always been on attack twiel pretending to be mr. charming and mr. get along to go along. it's the doing it in front of a mass shooting that's socking and unusual for him which suggests to me he's got real bad advice. >> listen to this during an interview this morning, gray said "we are continuing this investigation but certainly as i look at it, for example, sequestration, which is about saving money in the federal government being spent that we somehow skimped on what would be available for projects like this and then we put people at risk. now, let me get this straight. this guy gray is blaming budget cuts and sequestration? what about the deranged guy who

was the killer? what about the credentials? what about 800 other things? sequestration? what is that? what is he saying? >> it is nutty and i know it's kind of a cliche and i try to avoid them but it does seem to be that line of never letting a crisis go to waste that, both obama and the mayor jump right on to this, making completely obtuse political points. there was a poll yesterday i think showing that the majority of americans haven't noticed the sequester. everyone remembers it wasn't that long ago and this, by the way, also argues for trying to defend obama care, when the sequester first went into place and obama said no white house tours for the little kids and we find out bonuses are being paid across the federal government. everyone knew that was political to make it look like it was worse than it was. if the government ends up being shut down and they try to play

these games of only -- >> this guy gray is look obama. obama spent the last third of his speech insulting republicans about getting rid of sequestration. it is to me, first of all, a good thing, not a bad thing because it cuts spending, which is a good thing for the economy and people favor that. >> right. >> but also, i think from obama on down, democrats are obsessed with sequestration, to the point where they'll take a mass murder tragedy and apply it to sequestration. it tells me something that the talking points are that party are like a pin ball machine on permanent tilt. >> do you remember they used to do the same thing with the iraq war? there was this hurricane -- i forget what state. sebelius was the governor.

the whole thing turned out to be completely false. it's the same thing as thei sequestration now. harry reed is having a bhaerg gun control. do you think this is about gun control or mental illness? >> it's absolutely about mental illness. all of these cases have been about the mentally ill. these shootings started going up in the 70s when we started throwing people out of mental ins state officials. >> but we're not talking about anorexia or kleptomania here. these are people to for their own good, they are more dangerous. they'll push you in front of a

subway or get out of a machete. >> so i have a mayor who thinks this is -- are even more whacked out than usual. they're on a tear right now. and i got a president who can't get along with anybody. ann coulter, stay with me. >> remember this -- >> one thing i plan to do as president is refor america's standing in the world. we are less respected now than we were before. >> that was candidate obama insisting america had become less respected because of president bush. now russia and brazil and almost everybody else seems to be disrespecting us more. how do we deal with it? we'll talk to ann coulter about that next up with kudlow.

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not yet another diplomatic snub against the president. leader of brazil announced today she is backing out of a visit.

michelle caruso-cabrera joins us now. >> we're supposed to be coming together with two of the largest economies in america, trade the main topic. but she is angry at the president and the united states at revelations made by edward snowden that the national security spied on her, the communication on her staff and their huge petro oil company. look at this video. earlier this month the two met at the g-20 in russia and vladimir putin being who he is perfectly had them sitting next to each other knowing it would be an uncomfortable situation. analysts are wondering if this will put at risk boeing's chance for getting a $4 billion for new

fighter jets. keep in mind she may be doing this in part to rebuild her popularity in brazil, which fell dramatically when nearly a million people protested in the streets in june. citizens made clear they were frustrated by inflation, joblessness, infrastructure. brazil's stock market has fallen sharply. this may speak of president obama's standing in the world. there was a time it would have been inconceivable that an official of brazil would turn down an invitation to the united states. >> let me ask a question. is this obama's fault or is this part of the nsa legacy that

obama has to deal with? >> i think it's a lot of the nsa legacy that obama has to deal with. i mean, he tried very, very hard to smooth things over with her. he sent state diplomats over to try to convince her to come, spoke with her on the phone for 20 minutes. they both called it a mutual decision. it's kind of like when people break up and they say it was mutual but you know somebody dumbed the other one. >> nsa did the same thing to mexico? maybe brazil is jealous. it's an honor to be wire tapped by the nsa. >> she said it's one thing to spy on other state governments, but to spy on the oil company, that's for economic advantage. but the two are very closely linked. >> in addition, we've had russia defy the president a couple times, first over edward snowden and then over syria.

joining me now is keith boykin and still with us is ann coulter. is this about the nsa or about obama? >> i think michelle is right, it's about the nsa, which started this program under george w. bush. >> with the vote of congress, the patriot act, democrats voted for it, too. >> it's not just the patriot act. it's also the warrantless wire tap. this thing about foreign spying, this has been going on since the beginning of time. the idea that president obama's administration is the only administration that has ever spied on another government is preposterous. i don't think anybody will believe at that. >> i think it is obama. he may have been very charming in his telephone conferring. we've also had the irs around for a long time and the federal election committee.

he's shown he will use these nonpartisan institutions of government in order to spy on americans and abuse private personal data in a way that makes the nsa scandal so much worse. you understand the government is going to be listening or tracking certain phone calls, especially in the era of terrorism. the way it was used by the obama administration, as the way was irs was used, goes far beyond the pale. >> brazil is a pretty big company, important governor. the ideas that the president and her staff were wire tapped or whatever. do you that's a conscious decision or ongoing decision? does the nsa just go and do its own thing helter skelter or do you see the white house and some national security people do, they aim the cameras, if you, will on a case like brazil or mexico? how does that work? >> we don't know but there's

certainly reason to believe based on the continuing revelations about the irs targeting political enemies that there is some political targeting, whether it's coming from the white house or from someone very, very high up in the administration. there does seem to be very specific targeting going on. >> i think you're confusing the issues here. i don't understand what the irs story, assuming there is even story there, has anything to do with the brazilian president's decision not to come for a visit next month. i don't think she's thinking, well, obama is spying on people in the irs scandal, and there's not even a scandal yet. >> because of what you said. i think adults both in this country and in other countries understand that in a world of dangerous people, whether it's terrorists -- well, terrorists at the moment, let's just leave it with that, that there are going to be countries listening

in on one another. when a administration with that capacity has been shown repeatedly to use it for political advantage and violate sort of the understanding we have about it, i think we'd be a lot more worried about it. as larry said, are you specifically trying to get our state secrets to undermine the oil company? >> that's the issue. obama is apparently trying to sweet talk rousseff. but if i were she and i read the newspapers and knew something about the irs part of it, i'd probably be asking the same about the nsa. >> are you seriously suggesting that president rousseff is sitting around reading "the washington times" and the daily caller and watching fox news because that's the only place that the irs story is being reported and because of that deciding not to come to the u.s. to meet the president? >> she probably wants to know

they found out there was nsa eavesdropping of one kind or another and there were intercepts on the communication so therefore the logical question is did these intercept requests come from the white house or a run away nsa? >> she's got a right to ask them. she's got some tough elections next year. she's saving face. >> if i were hit by the naa. . >> ann's newest book, "never trust a liberal over 3" is going to be released october 14th sfwlp excuse me? . >> excuse me? excuse me? >> how do you play the market? next up on kudlow. and if you do it. and your friends do it. and their friends do it... soon we'll be walking our way to awareness, support

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all right. markets much stronger on the day as investors wait and see what's ahead from the fed's decision tomorrow. is tapering already priced in? are we going to see wild swings in the market? let's talk to carol roth and john rutledge. john, you're further away. i think lower bond buying, $10 billion or $15 billion is absolutely baked into the market. butch but i think it will be interesting, john, what bernanke says accompanying that in terms

of their downgrading or upgrading of the economy and future hints on the policy. >> the fed's policy has been open mouth operations. they'll certainly do it tomorrow. i suspect the market is looking for $10 billion a month cut in qe. i think they might see a smaller number than that because the board of governors is worried about that. all that obscures the reality of what's happening to the numbers. >> carol, how do you see it? a lot of people think the fed is going to downgrade its own economic forecast because the economy is coming in lower than projected and it's odd that they're taking cash out at the very time when the economy is weak. >> i think that they've set up an expectation here. the biggest issue for the market is the big "u," uncertainty. i think that $10 billion or $15 billion number is right on the

treasury side, not on the mortgage-backed side. but i do think the bigger issue is what they say for the future. we don't know who the fed chair is going to be or what the plan is for the future. if they don't do a very good job about what's going to happen down the road and stick to that. >> but they don't know. the fed has missed all the economic projections in the last couple of years. i don't see that -- they missed. they were too optimistic. they don't really know. how does an investor know? >> i think an investor knows eventually something's going to happen here answered think that the fed needs to get out of the way, not just for the market's sake but for the economy's sake. they feed to get away from the qe and go back to the fundamentals. we know the qe is kind of having diminishing returns. eventually we're going to have to go back to fundamentals and having a clear plan for that

that is well executed is what's going to work. >> i think the china story, which you know more about than i do, is looking better. most of the emerging market story is looking better, not all. these are positive things. maybe stocks are looking at that and not obsessing with the fed completely. >> i think the economy is looking slow only in the near term but ought to pick up in the next few months. the rest of the world is doing fine. the fed is talking but they're still buying bonds. i don't think the bond purchase has done much to rates recently. the fed has this illusion they can separately deal with the qe and the rates. as we said a week ago, they don't just have to stop buying, they have to actually sell bonds in order to stop the reserves from showing up in the aggregates and showing up as inflation down the road. that story's getting no coverage and it's going to be the big

story sometime end of the year. >> real fast, buying or selling them? >> i get nervous when everything is going well. >> are you buying or selling? >> i'm holding. i'm a holder. >> john, thank you, carol thank you. i'm larry kudlow. we will be back tomorrow night. i was made to work. make my mark with pride. create moments of value. build character through quality.

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