Data point, trade i guess, we will talk a little bit about Monetary Policy. Part of that discussion the fed has started to talk about the role of its Balance Sheet, talking about that in a little bit. Randy crowson or i think all of you know. University of chicago, former governor at the fed. Now the university of chicago. A number of years at the, now at Johns Hopkins but only to give that. So, we are now in the third longest economic expansion that weve had. One of the questions is will policy change being discussed both in monetary fiscal policy extend that expansion or not . In light of the discussion about the mortgagebacked component of the fed, and we at fannie mae looking at the 10 year treasury out of time. That started to arrive back in july with the ecb Holding Steady post brexit and the doj would start at the end of july and a gradual rise up at that point and accelerated with the president ial election in 2. 6 i think 2. 48 or Something Like that. So the fed hiked in decem
[applause] [inaudible conversations] up next on booktv, after words with guest host Matthew Continetti editor of the Washington Free begin. This weeks Heather Cox Richardson and her new book to make men free a history of the Republican Party. In it she discusses the once republican belief articulated by lincoln that government is supposed to promote Economic Opportunity for all. She explores the parties repeated abandonment of that principle in the 20th century and its return to its roots after every economic collapse. This program is about an hour. Host hello i am Heather Cox Richardson editor of the Washington Free begin and you can follow me on twitter at continetti. Today we are going to discuss to make men free a history of the Republican Party. My guest is professor Heather Cox Richardson, Boston College. Welcome professor. Guest thanks for. Guest thanks for having me. Host how long have you been teaching at Boston College . Guest this is my fourth year at Boston College but ive
I would hope that the Lgbt Community would recognize me to continuing that progress is the key to the progress weve made so far which is engagement and political engagement. And what also recognize that both the Supreme Court and elsewhere around the country we have systematically than limiting what was a limited democracy to begin with and making true selfgovernment harder and harder and would recognize if our political progress and progress on race and gender and a series of other things are intimately tied up in making this really into a self functioning democracy again i recognize that commonality is political. I would say that we need to recognize issues of race, class, sex is some are lgbt issues and we have an investment not only in cases like this one, but comprehensive Immigration Reform in access to health care. All of these are lgbt issues because people look like the rest of the country. We shouldnt get so into our silo that we forget that. Theres something about being a mi
To like . It is about protecting consumers. Just up here across the street from the Old Executive Office building and i predict it will outgrow its space in a few years. Consumer Protection Bureau is a sovereign entity unlike any bureaucracy that existed before. Not under the control of congress but the fed chairman and board dont have a lot of control over it. The president appoints a single director to overlap the president ial term and they have wide discretion interpreting and enforcing various financial regulations and basically have jurisdiction over everything in the Financial Sector from Investment Banking and mortgage banking all the way to daddys money pawnshop in alabama. I have gone killing reports from c e os to have been investigated by the cfpb and it is truly chilling. However wellmeaning this might have been this is a Dangerous Organization and structure is dangerous. That is why the story is worth telling. This is when chapter in a very long saga of what i will call c
T is uniform for everyone housing, some get it and some do not. In the case of health care, the very lowest are on medicaid. And then you have the problem of cost of insurance. Of whatpart of the cost the Affordable Care act deals with. As long as we have that kind of polarization of income, those costs will increase. Now that we are away from the issue of does the government stay open or not, we will get into the debate about what do we invest in . A National Institute of health, reform of how the money is going into food stamps . It seems like we will see a shift in the debate and how we are focusing our attention. Let me raise another issue. I think it is complicated. Less have the committees been doing their work. When they do do their work, they are overruled by central leadership. Projectittees produce a product and then they get vetoed by leadership. My observation is that it is not nearly leadership is not nearly as smart as they think they are. [laughter] this issue goes beyon