mr. gilder. as you know, the prosecution's case is focusing on the fact that many of the deregulations that occurred during the '80s and '90s led to behaviors that nearly bankrupted the nation. is it your view that if we go back to the legislative era that preceded those deregulations, that companies would not be able to get capital from the capital market as has been alleged? >> well, i believe that during the heydey of venture capital and private equity and the hedge funds that the united states led the world in industrial creativity, in job creation, we were the pioneering, exemplary capitalist force in the world. and today wall street has gone off a cliff and epitomized by charles prince, you know, head of citi bank saying he has to dance as long as the music plays. but the music he's listening to is the government georgia haven't. and that's true of all of wall street, and wall street has stopped funding the kind of companies that steve moore cited and is now involved in all sorts of currenc

mr. gilder, can mitt romney used the phrase politically, supply-side economics, for a talk? >> i think that he could if he says that, you know, he is reviving the reagan inspiration. that book there was quoted more by president reagan's most quoted living author. he quoted that regularly throughout his administration. reagan did not balance the budget. actually, during the reagan administration, there was a trillion dollar increase in government debt overall. he was winning the cold war. but the private sector encouraged their assets by some $17 trillion. under president carter, we had pretty much a balanced budget and a balance of the trade. but the people, the private economy was all in the red. and what really matters is not just the accounts. it is ultimately too much debt is unfortunate. but what matters is not so much the liability to the economy, it is the assets. and under the reagan supply side, the movement, the private assets of the american economy boomed. so the liabilities became significant. you know, economy thrives throughout this period. >> george gilder fr

mr. gilder. you know the prosecution's case is focusing on the fact that many of the deregulation that occurred during the 80's and 90s lead to behaviors that nearly bankrupted the nation. is it your view that if we go back to the legislative era that preceded those two regulations that companies would not be able to get capital from the capital market as has been alleged? >> i believe that during the heyday of venture capital and private equity and hedge funds, that the united states led the world in industrial creativity and job creation. we were the pioneering exemplary capitalists force in the world, and today wall street has gone off a cliff. and epitomized by charles prince and the city banks. the music he is listening to us the government and that is true of all of wall street. wall street has stopped funding the kinds of companies that steve moore sided and is now involved in all sorts currency speculation on the debauched daughter -- dollar and incestuous relationships with the treasury

mr. george gilder? [applause] please be seated over here. please sit down. i have a copy of the latest edition of wealth and poverty. do you swear to tell the truth, the whole truth and nothing but the truth so help you wealth and poverty? >> i do. >> thank you for being with us today. the prosecution's case is focusing on the fact that many of the deregulation that occurred in thes and 90s lead to behavior is that nearly bankrupted the nation. is it your view that if we go back to the legislative era that preceded those that companies would not be able to get capital from the capital markets as has been alleged? >> i believe during the heyday of venture-capital and private equity and hedge funds that the united states led the world in industrial creativity and job creation. we were the pioneering exemplary capitalist forces in the world and today wall street has gone off a cliff and he epitomized by charles prince and citibank saying he has to dance as long as the music plays but the music he is listening to is the government. and that is true of all of wal