Also in this playlist...
This transcript is automatically generated
-- tonight's final -- now for my money.
The most important speaker of the Wall Street Journal's economic conference was -- president -- -- -- This is a guy who literally put his life on the line defending freedom is a dissident during Communist rule.
He is also -- top economists who helped the Czech Republic re establish a market economy after the Soviet crash.
In other words the guy not only has real backbone.
But he knows how to fix some very sick economy so -- Vaclav Klaus says we are careening toward socialism we in the United States.
When he talks about the danger of us losing our freedom as we concede more more -- the government you've really got to listen up.
Here's a bit of what he told Wall Street Journal managing editor Robert Thompson today quote.
Coming from a former Communist country where I spent most of my life I almost don't believe my eyes to see how much.
You believe in government and how much you don't believe in the market.
This is for me -- shocking experience and I have to say that very loudly.
I am aware various cases of market failure nevertheless I am first convinced that government failure is income Arab -- bigger than any imaginable.
Market failure in history.
President Klaus is a very brave and a very wise man.
He knows where we're heading because he's seen this train wreck before he's been there he's done that.
He knows the road to socialism is the road to serfdom and he's telling us to quickly reversed direction while we still can't.
We ignore his advice at our own peril.
Filter by section