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Transcripts For CSPAN2 Key Capitol Hill Hearings 20140319

Between values and morals and the scientific technical questions, very much in economics we have to do with it. Top rate technical questions about what the model is, why is there appropriate how to interpret the statistics, whether all your conditions are satisfied. But then theres also questions about the type of society we want to live in. Theres also questions about intense distributional conflicts as well. Posterity is often times a distributional conflict and its a really hard thing to navigate at times that clarify the decisions. But there is real moral implications. Like more of the problem of the financial crisis as there is a lot of private debt in the runoff from financial institutions, buried a lot of money to invest in the craft of the public authorities had to take those onto their balance sheets. And on the question of how to pay for that, right . Is it really right to, for example, cut schools, health care and pension so we can pay off creditors who oftentimes, you know,

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