Institutes 40th monetary conference. Welcome back. I am going to be moderating our next panel, so thank you for joining us today. I am joined by mr. King, mr. Borio, who is the head of the bank for international settlements. Larry summers, the former treasury secretary and professor at harvard university. And tyler goodspeed, who is a fellow at the hoover institution. And it served at the cea in the trump administration. Our panel today is on what have we learned and you can submit questions for the audience that we will get to later on on catos webpage. You can send those on facebook, you can submit them on twitter, using the cato and we will get to those questions after presentations from all of our panelists, which we will get to right now. And we will start with mervyn king, so lord king, over to you. Mr. King i am delighted to join you at the cato institutes 40th monetary conference. 40 years ago, we were coming out of the great inflation, when inflation reached double digits or h
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