This is the Cato Daily Podcast for Friday, August 29, 2014.

I'm Caleb Brown.

Are millennials predisposed to be libertarians and how have recent years of recession, unemployment, and

continued economic stagnation colored their views of the world.

Emily Eekins is a research fellow at the Cato Institute.

She walks us through a reasoned root pole of young people in America.

How do millennials, as we understand them as a cohort of potentially politically active people.

How do they identify themselves and what do they then

reveal about themselves that either confirm that and typically we mean those born after 1980 that because of their high

turnout for President Obama people assume oh that they're you know they like

large government they like the

big government liberals.

In fact, that's actually how they've been described

by many people that have studied them.

But it's a lot more complicated than that.

millennials aren't liberals, actually.

They're social liberals, and they're fiscal centrists.

And the fact that they make that distinction is actually very interesting.

You say that has been missed by sort of the broad discussion about this libertarian moment,

which is the extent to which these young people agree with the president on particular issues.

Right, and so let's talk about some of what we found.

So we ask millennials to explain how they perceive themselves

...