This is the Cato Daily Podcast for Monday, October 31st, 2016.

I'm Caleb Brown.

As the dust begins to settle following the Brexit vote, where is Great Britain headed with respect to trade and immigration?

Daniel Hanen, a member of the European Parliament and vocal supporter of Brexit, talked

about the process now underway at the Cato Institute's Cato Club 200 event held earlier this month.

If you are in this lonely cause of liberty, you have to be in it for the long term. And you are right to be optimistic about the long term and

sometimes we just can't see it. You think of what the state of political

discourse was when the Cato Institute was founded. The ideas that were then

considered unthinkable or conversely the things that went without saying were unquestionable.

And although it's natural to be grumpy and natural for

conservatives at any rate to focus on the things that are going badly,

the way in which that center of gravity has been inched over the years towards a more freedom-loving position

is because of the work of institutes like this one.

In it for the long run.

Cato Institute is named after two of my countrymen,

John Trenchard and Robert Gordon.

They wrote Cato's letters in the 1720s,

setting out a vision of how a Republican system

of government would operate if the citizen were elevated above the state.

If people in charge were representatives rather than rulers, they couldn't have imagined

that a generation after they wrote those precepts would be

turned into a functioning nation and that that nation would become the greatest republic

...