i am john friedman and i'm based in washington dc where the government affairs a global apartment shared-- partnership. ge is one of the leading technology companies. we have 50000 customers and 130 cussed-- countries. i don't see him, but i had the honor on tuesday of attending the white house water summit. peter, marianne, you were there as well and probably others. one of the interesting things i heard was from john, president obama's scientific advisor and he said while members are almost never everything, there almost always a great starting point. i think in your opening remarks where you talk about the state of the nation's water challenges you laid out numbers that are very sobering. i will just add to that that the american society of civil engineers released a report-- giving the country's water and wastewater of the structure a grade of d-. that is worse than my grade of calculus to at the university of virginia. i still don't know why i took that class. i was a history major. we are losing 7 billion gallons of water each and every day through that d- and the structure even th

i am john friedman, and i am , with theashington dc partnership for ge water business. ge is one of the world's leading water treatment companies. we have 50,000 customers in 130 countries. i had the honor on tuesday of attending the white house water summit. peter, marianne, you were there as well. one of the really interesting things i heard was from the president's science and technology advisor. he said that while numbers are never everything, they are always a great starting point. in your opening remarks, when you talked about the state of the nation's water challenges, you laid out numbers that are very sobering. i will add to that of the american society of civil engineers just released a report giving the country's water and wastewater infrastructure a grade of d-. that is even worse than my grade in calculus 2 at the university of virginia. i still don't know why it took that class. i was a history major. we are losing 7 billion gallons of water each and every day through that d-infrastructure -- through that de-minus interest -- that d-minus infrastructure. w

john: yes, sir? >> i'm a libertarian, i have read milton friedman, how come many of my generation and most americansgods but unfortunately frown at businessmen. >> it's not just your generation, that was true in my generation, too. one of the reasons is businessmen are all around us, and they're not doing very exciting things to look at. politicians are making speeches. they're starting new programs. they're having grand openings, and they have this nationalist sense. they're our leader. it's like singing solidarity forever. one of the reasons people go to church is to sing hymns in conjunction with other people. nobody stays home on sunday and sings a hymn at home. that's a collective thing and people like that, and something of a problem for l that we don't particularly have a collective experience to give us. politicians give us that. and they give the sense of movement and they talk about forward and bridge to the 21st century. john: and they talk and they talk. >> and they talk and, of course, hollywood likes people who talk well. they write characters that talk well. that politician is up ther

john: it isn't money falling out of the sky. that milton friedman ben bernanke said it should be something that should be considered. back in 2002, he suggested that also appeared a sickly, it is this -- also. basically, it is this cyclical way the fed buys out treasury money. and because interest rates are so low, they are not paying any interest. it doesn't cost anybody any money. so they increase of the money supply, adding to economic growth without raising taxes and to pay private borrowers. so it is free money, in essence, to grow the economy. vonnie: it is quite clear in the letter that there is tone in writing. john: he is a very colorful writer. is saying what is the alternative? you raise taxes or we go into an age of austerity or we go to recession, unless we kind of of what he has at times called a ponzi scheme, but keep the borrowing going and the escape is basically inflation. and itlation increases is easier to repay the debt. and it will make more sense for people to save and the fed will be able to raise interest rates. he sees that

i want to start with what we just heard from john brennan, and then i want to get to donald trump's foreign policy. tom friedmanthis is your beat, not mine. >> thank god. >> what did you hear from him that gave you concern or confidence? >> well, i think he's a serious guy. i think we're dealing with an extraordinary moment to be conducting foreign policy right now. this is a waylon jennings moment. mama, don't let your daughters grow up to be secretaries of state. this is the worst time ever, more challenging time ever to conduct foreign policy. >> why? >> look at the challenges. an enemy we have never quite faced before. nihilistic terrorists who have no plan, don't actually even leave their name. they want nothing more than us to fail. number one. second, we have the return of great power politics. traditional russia/china. third, we live in a world where globalization flows now are the most important thing to plug your country into, whether it's the facebook flee or the economic flow or technology flow, and we live in a country where the biggest challenge of the president is not strong stase, it's states fa

friedman -- feldman. [applause] larry: dr. feldman graduated from northwestern with a degree in philosophy. he is an anesthesiologist and practiced at john hopkins for 11 years. i want to welcome you all. these are the 2016 libertarian presidential candidates. [applause] [crowd chanting] larry: contain your enthusiasm. we are going to have each candidate given opening statement for 30 seconds. each will have 30 seconds to answer if he invokes the name of another candidate that candidate will have a 32nd rebuttal. there will be a 62nd close. -- 60 second close. the first category is the economy. i have two general questions i would like to begin with. mr. mcafee. watching awho are libertarian party debate for the first time and have no clue what a libertarian is, please tell us what is a libertarian. what is the difference between a libertarian and a conservative? >> is this part of my opening statement? larry: all right. you have 30 seconds for an opening statement. debated each other multiple times. there is not one iota of difference between us. marijuana.ze in the madness of our education system. dea and lete bea out people of prison

friedman -- feldman. [applause] larry: dr. feldman graduated from northwestern with a degree in philosophy. he is an anesthesiologist and practiced at johnopkins for 11 years. i want to welcome you all. these are the 2016 libertarian presidential candidates. [applause] [crowd chanting] larry: contain your enthusiasm. we are going to have each candidate given opening statement for 30 seconds. each will have 30 seconds to answer if he invokes the name of another candidate that candidate will have a 32nd rebuttal. there will be a 62nd close. -- 60 second close. the first category is the economy. i have two general questions i would like to begin with. mr. mcafee. watching awho are libertarian party debate for the first time and have no clue what a libertarian is, please tell us what is a libertarian. what is the difference between a libertarian and a conservative? >> is this part of my opening statement? larry: all right. you have 30 seconds for an opening statement. debated each other multiple times. there is not one iota of difference between us. marijuana.ze in the madness of our education system. dea and lete bea out people of prison fr