milton freedman i had dinner with him and his wife arose in their 90s.just curious about everything. he went down ton latin america with the ants and how they moved around on the ground and costa rica rose was telling me about. virtually all the people i really admire, all the great entrepreneurs have this driven curiosity. they drive the people around them nuts asking questions people are saying how will that help my sales thispo month? or how will that help my stock portfolio and those are all relevant questions.os sam walton one of the most curious, inquisitive leaders in american business history and you know took on sears which was hot 100 times as big when i was picking retail stocks on wall street in the 70s i was dust to dust very sad. the greatest companies in the world. it wasn't his money it wasn't his contacts it wasn't where he was headquartered not to knock my friend to teach business corporate. >> and your book the lifetime to you give one had 60 book recommendations. do you recommend reading shakespeare? >> i am sorry again? >> with your

i believe milton freedman was right and jerome powell is wrong. liz: you are the best of the best, thank you very much. we can simply say it'll be great. the stock market you don't fight the fed and you don't fight the tape we are close to session highs for the dow, nasdaq and s&p. the ten year treasury yield jumped up above the 1.6% for the first time in a week after the fed's decision and right now we have about 1.588. the dollar week against trading partners currencies. meanwhile ethereum bringing it to crypto, ethereum hit a record high of 4662, let's get right to the floor show we are throbbing people a lot of different metrics and data points, teddy and scott, let me start with scott, it's very crucial to note that the banking index, the bk x is looking very healthy because financials do well and interestingly enough the crypto currency looking decent. what are you thinking here. >> there is a lot of movement going on, people are trying to figure out where do you take your money, what is safe and what's not, where are the risk factors. as yo

. >> you do, know your enemy a little bit but milton freedman laughs last.rowth and the journal points out, inflation is nowhere near the levels of the jimmy carter years, but then bill mcgurn does go over a lot of parallels looking eerily similar. it's probably somewhere between the fears of people that we're going to re-visit those years and people say it's transitory and out of this administration's control. can you attach any merit to that you remember joe biden said at one point milton freedman isn't running the show anymore it was a weird thing to say about some guy that has been dead for 15 years. but that was president biden's shorthand for, you know, his preference for big government and sort of come what may in terms of inflation >> the 1970s were a completely different period of time the u.s. was more insulated as an economy 25% of the work force was unionized. today it's half that we are not as dependent on opec prices now >> we're a lot more dependent than we were last year or a year before on opec >> not as dependent as we were in the 1970s whe

our old friend milton freedman declared that inflation is monetary phenomenon. so much liquidity into this market and this inflation you is going to be with us for a while. to say that on the face is absolutely absurd. these are the same people that said the build back better bill will cost zero, cost nothing. so i don't think anyone buys this and i think americans are pretty upset about inflation. i drove up to tahoe from arizona yesterday and gas was $6 a gallon. $6. so i don't think anyone's buying the story. maria: no, i don't think so either. the consumer price index, sean, was up 6.2% on the month. when you look at that and you annualize that, up 9/10 of a percent, rather, you an lies that, talking about 11.9% for the annualized look at inflation with the september move of up 9/10 of a percent that we just saw. you look at everyday items. everything is more expensive. your thoughts on how long this lasts. >> which is why you can't have jen psaki out there saying, listen, don't believe your lying eyes, american consumers, your prices are going up and it's n