This is the Cato Daily Podcast for Monday, May 7th, 2012. I'm Caleb Brown.

Chinese Economist Mao Ushu became the sixth recipient of the Cato Institute's

Milton Friedman Prize for advancing liberty.

Yu Shoe has spent 50 years advocating on behalf of free markets and paid dearly for his

steadfast advocacy.

He was introduced Friday night by Cato Senior Fellow Tom Palmer and portions of his speech were read by his granddaughter Mao Shong bin.

In recognition of his unwavering and effective promotion of liberty

through decades of careful articulation

and application of the principles of personal freedom,

individual rights, limited government, and the rule of law in support of advancing

China as a free and prosperous nation awarded this 4th of May 2012. Thank you. And Thank you. Ladies and the gentleman I think there's still a questioning whether liberty is the objective we should pursue,

whether we should create a word of freedom for everybody.

Ladies and the gentleman, my dear friends at the Cato Institute, all my fellow Cato

civilian from around the world, both here tonight and

especially to those who are now somewhere

who are away in their homes struggling to advance liberty. I bring you all my humble greeting from China. Here

my heartful appreciation to all of you for making this evening's gathering reality.

In the following, I would ask my granddaughter Bim-Bin to share my presentation.

Be-Bim please. Tonight we stand here together in the shining city upon a hill to celebrate our common beliefs,

our common hopes, and our common commitment to the values that make the Cato Institute so very special.

Those Cato values bring us together today, united as common

citizens of the world. This is why I like to think of us as Cato citizens.

...