James is joined by Daniel Hannan, the British journalist, author and politician who is a Member of the European Parliament, representing South East England for the Conservative Party. They discuss his new book Inventing Freedom: How The English-Speaking Peoples Made the Modern World. Also, the importance of conservative optimism (are you listening, Mark Steyn?), making an example of Iceland, and should Europe have any hope for the future and the very worst thing about the E.U.