mr. steve forbes, why is it that free markets are more government enabled. what is an example of that. >> guest: obviously, functions of government have been big government. but the terms of big government not being moral is the opposite of what it does. it ends up creating the environment where we have less ability to get ahead, it creates dependency, it plays crony capitalism, which hurts career entrepreneurship and opportunity. all the government and what it says it does, helps the poor, make sure that markets on the right direction, they actually do the opposite. they are short-term oriented to the next election. they have their own agenda. they don't respond to the marketplace the way a business should. they have their own agenda in terms of those special interest groups and the like. the bigger they get from them were hardly due to the economy and the less chance that they have to improve your lot in life, as abraham lincoln put it. >> host: is reality a part of capitalism to smack it is the basis of capitalism. contrary to the hollywood cartoon charac

mr. steve forbes who is author of "freedom manifesto" it is a must read book to read . rick unger and elizabeth and rich and victoria. >> steve, is it time to cut them off. >> cut off or partial cut off . egypt and other countries if you can't protect, you shouldn't get free money from us. that is basic. rick unger, it is our mon yewe should be able to decide. and if they can't protect our embassy and treat us with a decency, shouldn't we cut them off? >> the issue is you can't make foreign policy in reaction to short term events. we know it is awful and i will be the first to agree those governments should have protected our embassy. it does no good to have a rahn paul reaction. >> emake >> we did it in north korea and south africa and cutting off the west bank and the gaza strip and done if with honduras in 2009 and ith the sudan. i think the muslim brotherhood is a long-term event and al-qaida influences. we don't know if our tax money is going to ours and intelligence officials tell me they would support cutting off pakistan as well and the cheap yest best way to do

mr. forbes, will you be seated there, please? i have a copy of "how capitalism will save us: why free people and free markets are the best answer in today's economy," by steve forbes. would you, please, put your hand on it, sir? do you swear to tell truth, the whole truth and nothing but the truth, so help me my best book? >> well, i've got a better book coming -- [laughter] it can be ordered on amazon. [laughter] >> mr. forbes, thank you for being here. i'm under the understanding that you own a yacht. >> yes. >> does that make you an evil person? >> i think it makes me a person that other people would like to be. [laughter] >> would you please tell the -- >> as my father liked to say, money may not buy happiness, but it sure helps. [laughter] >> now, let me ask you this question, do you think that getting rich is an evil pursuit in this country? >> i think real entrepreneurs get rich by providing to the needs and wants of others, by providing services. you get rich that way. i have no problem that way. if you get rich through crony capitalism, that is a problem. >> do you think that wall street has, that there was a period of excess in wall street as the

mr. burton. >> gentlemen, thank you. >> i'll check it out, steve. >> steve forbes and bill burton. >> central banks, thank you. >> wildebeesticture of a wildebeest. >> harwood probably doesn't know it's called a gnu. one thing that people come to twitter. >> i have people now sending me andrew dice clay jokes. i have a clean one for later. >>> when we come back, fed policy, the economy and the november election, we'll talk to neel kashkari on how to combat market uncertainty and global investment opportunities. >>> coming up in the next half hour we'll talk to democratic senator jack reed about what he expects to hear from the obama campaign at the convention this week. as we head to break, german kans lar angela merkel taking a short break from her worries, attended a bavarian beer festival some 3,000 people. >> that can explain a lot. the sd from capital one, sven's home security gets the most rewards of any small business credit card! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spa