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it cuts the purchasing power of the dollar in half in 35 years and half again in another 35 years. an average lifetime is 70 years. it ll only be worth a quarter of what it was. but it is 2% for the time being. it starts slowly but can happen quickly. let s hope it doesn t. thank you, james ricker. we will talk to a close adviser to president obama who says we need the paul. rand paul says abolish the bill. fed. which is is? hey, it s me, progressive insurance.
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0 only flood insurance covers floods. visit floodsmart.gov/pretend to learn your risk. next. . what s the fed? the fed? f-e-d, fed? the federal government? what s the fed? the fed? i don t know. most americans don t know. we give the fed enormous power. the fed loiks that. americans have always been reluctant to give too much financial power away. that s smart. but we still need somebody to foster conditions for a healthy economy. really? your dollar will be worth just as much tomorrow as it is today. the dollar lost 96% of its value. he said housing prices wouldn t crash. pretty unlikely possibility. never declined house prices on an admission wise basis. he said, they re not printing money. but they do. now she s going to be in charge. it is definitely one of the most important economic decisions i will make. it is one of the most important jobs in the world but the people don t know what it is. the fed, i don t know. the fed is small group of old whit
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foundation gives awards for the books in the fiction, nonfiction, poetry, and young people s literature categories. we are now joined by the executive director of the national book foundation, harold why did the national book awards start? they started in 1980. i think they felt the other awards were not sufficient to get at the literary nature. in 1950, and been going ever since. giving awards to the best literature in america. who are members? well, they are not members. there s a board, it s a nonprofit organization. it was started by the publishers, the association of the american publishers, the national book council. it no longer exists. right now it s a separate nonprofit organization run by the national book down book foundation. who s on the board to present the nonfiction awards? who picked the nonfiction award nominees? all of the panels, four panels, and they are independent panels. they are always writers in that genera. for example, the nonfiction
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