affairs at third he is a prominent spokesman and talking head, providing to antary and insights wholees that come to the forefront every day. we are really delighted that he is taking time to share that expertise with us. [applause] thank you very much. thank you all. it is great to be here. i am here to talk about the tanks which is a term that can be synonymous with boredom machines. i am aware of that risk. despite, i am going to begin by throwing caution to the wind. i'm going to start by talking about a memo. memos at think tanks are sublime. they have a power of seduction to the world that is second only to white papers. if they produce per not griffey then you can think -- and you can thank your -- pornography, and you can be thankful they do not, it'll be issued in the form of a memo. most of you. than it was dated august 23 19 71 and written by an attorney in richmond. he use the memo to issue to the a dire and powerful warning. he wrote "no thoughtful person can question that the american economic system is under broad attack? ." from theing not just people you expect, the ,