Economy is earnings go to the top 110th of one percent now i have often used the phrase financial terrorism that will probably become in vogue in the next 6 to 12 months weve said that we have a global empire of debt and that is its currency its a us dollar since 1701. 00 weve had no gold backed global unit of account to spend the u. S. Dollar and nobody knows how much they print we cant ever really know how much they print it does give them an exorbitant privilege and weve talked about this being a period similar to previous periods in history or an empire that begins to decline it always happens as hemingway might say slowly and then all of a sudden its just its seems to be coming all of the sudden recently that the empire is like noticeably declining when you have the likes of mark carney saying this to a meeting of central bankers m. R. Carney the head of the bank of england saying this to. Other central bankers and jackson hole i was in close enough when he says that so here vanda
The press the Mainstream Press what we were we were accused of talking about heterodox economics when we pointed out that the phrase financial repression is just a euphemism for stealing and people say well its the debts heterodox economics you know say the c. And b. C. Or a. B. C. Or n. B. C. Or b. B. C. Because its not orthodox its not what all of the elite in the economist who go and get their doctorate from universes chicago is not what they think right now the heterodox are becoming mainstream because of this phrase called financial vandalism so people are out right under recognizing the fact that the policies of in the Interest Rate setting whether there are 0 or negative its about transferring wealth up its about moving trickle up financialization where the bulk of the economy is earnings go to the top 110th of one percent now i have often used the phrase financial terrorism that will probably become in vogue in the next 6 to 12 months weve said that we have. Global empire of de
Heterodox economics when we pointed out that the phrase financial repression is just a euphemism for stealing and people say well its the deaths heterodox economics you dont say the c. And b. C. Or a. B. C. Or n. B. C. Or b. B. C. Because its not orthodox its not what all of the elite in the economist who go and get their doctorate from universes chicago is not what they think right now the heterodox are becoming mainstream because of this phrase called financial vandalism so people are out right under recognizing the fact that the policies of in the Interest Rate setting whether there are 0 or negative its about transferring wealth up its about moving trickle up financialization where the bulk of the economy is earnings go to the top 110th of one percent now i have often used the phrase financial terrorism that will probably become in vogue in the next 6 to 12 months weve said that we have a global empire of debt and. That is its currency its the us dollar since 1981 weve had no gold
[applause] if you are not yet on the email list, signup. We just added senator amy so now for tonight, were it was unforgetting. Bobs story about the genius of the political like his subject, caro has no peer. Over the years bob has spoiled us with his portraits of robert moses and Lyndon Johnson and treated us to slight left turns in the narrative, his diversions into fascinating bystanders, they might form the basis of future studies in and of themself. So consider his new book, working, as a companion piece to his great moses and johnson books, and today in 2019 is more resonant than ever about power used for good and power used against the greater good. As the book answers core questions, it raises more, as caro gives us deep background into the ways and whys he does what he does with such graceful shorthand. Asra if his books werent physil and intellectual evidence enough about why he takes so long to crank out the next volume, caro gives us the background on the reasons he goes t
Im glad to see you. Thank you. Thank you so much for coming to tonights program. So i am the founder of Writers Block now launching a 23rd year. If not yet on the email list signup now looking back robert caro the last time he visited was 2002 it was unforgettable. With the johnson political machine with a powerbroker extraordinaire and over the years has spoiled us to treat us to slight left turns those that are so rich in detail they could form the basis of future studies in and of themselves. So consider the new book working as a companion piece and today in 2019 is more resonant than ever for power used for good and against the greater good. It raises more giving a deep background into why he does what he does for its physical and intellectual evidence and not cranking out the next volume for the reasons he goes through every sheet of paper to get to the truth that essence of political power. It is conan who possesses media power. Is one of the funniest guys in the planet and there