mr. falzone. i prosecute esh your lness to say regulation and maybe toned down and maybe investment stepped up. my problem is who is doing the investment in an economist said a a good economist is always looking what is unseen. you talk about this investment. the problem is when government i object vests it is not creating the wealth, it is having to steal the wealth from people that would otherwise raet create it in other place it is before allocating in a way that government wants to. my question is who should -- i guess it is broad. what would you say in response to that critique especially as it pertains to technology where i feel like the fast pace of it i would trust somebody like mr. teale to allocate resources in a would i i wouldn't trust the government at slow plodding pace to keep up with technological innovation. >> you have it trust both, absolutely. my point is that you shouldn't leave it all to private markets and sure as heck all to the government. that would absolutely be a disast

mr. falzone.i appreciate your willingness to say regulation maybe shouldn't be toned down but media investment should be stepped up. my problem is who we invest in comes of the economist said that, you know, the bad economist looks at the scene and a good economist is always looking at what is on scene. so you look at this investment but the problem is that when the government invests it isn't creating the wealth it's having to steal it from people who would actually otherwise create it in other places before then allocating it in the way that the government wants to. so my question is who should -- i get to this very broad but what would you say to that especially as it can to technology, where i feel like the fast pace of it i would trust somebody like mr. thiel to allocate any way i wouldn't trust the government at its pace to keep up with technological innovation. islamic my point is that you shouldn't leave it all to private markets. you sure as heck shouldn't leave off the government to writ