Peoples wagesism wages. It is very hard. If there is a little bit of inflation there is a way silent way of cutting wages by not giving a raise. So a little bit of inflation is healthy. But i didnt say there has been no inflation. Thank you all very much for coming out tonight. [applause] wednesday, booktv in prime time features books about drone warfare. Scott shane talks on objective troy. A terrorist, a president and the rise of the drone. Author Interview Program afterwards. He will be joined in conversation. Later that evening American University for new yorker staff writer investigation of the influence of big money and politics. Also joining us live on our three hour program sunday, march 6. Another taping this time with michael eric dyson. Race and the obama presidency. People sit down. That is a look at some of the author programs. Many of these are open to the public. Investigating the finances of the Catholic Church. Next he speaks with book tv. Book, Leonard Pitts is local
Obvious then, but these things are easier to see in retrospect. There is speculation in silicone valley but not like we had in 1999. So there are probably some inflation. Anyone else who hasnt asked a question . I will take one more from this gentlemen and then happy to sign books i want to follow up on something i heard you say. I thought you said since the abolition of the Gold Standard the dollar hasnt lost any of its buying power. No, i said it hasnt lost its power overseas in the world market. There was a terrible inflation in the 1970s. The rate of inflation generally has not been severe. It has lost about 2 a year except for that period. You can look at the figures like a dollar in 1920 is only worth 14 cents today. You know, that is really significant if you are around in 1920 and still around today. But life doesnt work that way. What happens is at a 2 rate it is barely noticeable and in some ways it is helpful. The one reason we have unemployment is for cultural reasons it is
[inaudible conversations] [inaudible conversations] good morning. Welcome to the Miami Book Fair the 32nd annual celebration of books and happy sunday to everyone. Truly wonderful to have all of you here. Hopefully youve had an opportunity throughout the week and yesterday to enjoy some of the many sessions to perhaps purchase some books and some other of our highlights here at Miami Book Fair. I would like to give a special greeting to my friends at Miami Book Fair, lets give them a round of applause. [applause] we are truly grateful for your support and friendship over the years and as you may know, this could take place without the thousands of volunteers, faculty and staff of Miami Dade College and its eight campuses throughout Miamidade County so many thanks to Miamidade College. [applause] many thanks to Miamidade College and founder of this wonderful event. Its going to be another wonderful day that we close the book fare later on this evening. And so, please thank you to all th
Right now we want to introduce you to gerald posner, author of several books, his most recent is this one for, god spankers, history of money and power at the vatican. His published by simon schuster. Who is god spankers . Who are . Who are. They change every 20 years or so. The one person who runs the vatican bank is the pope. The only shareholder of the vatican bank. They hire laminar in the details of the internets of money, but the person, the people responsible for the finances of the vatican are the same people who run the religion. How big is the vatican bank to allow, how much money does it hold and who has access . Sort of reverse order. Who has access is a small group of people. By its charter was created in world war ii and is only been around for 70 years. The onlythe only people that are supposed to have access are citizens of vatican city , lets sores and catholic charities. In practice it has been manhandled and misuse for years. That aside, who hasaside, who has control