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 higher. The Lessons Learned then would
Say they realize they dont live in oasis isolated from crime. Anyone with information about that alfa romeo is asked to Call Police Live in piemonte. Henry lee ktvu fox duty another day. Another close call in the east bay. Henry. Thank you. San Francisco Police say a 70 year old woman was robbed and attacked on sunday night. This happened around five oclock as the victim was standing in front of a building on francisco street near bay street. She was approached by four juveniles, but because of a language barrier, she didnt understand them when she went to enter the building. Those four suspects followed her inside. They attacked and robbed her and then ran off. Police call it a shocking crime. This is really something that you know, kind of. Um its just shocking that for someone, uh, an elderly woman whose fragile to be attacked by by young people this way the victim was treated for her injuries at the scene. The woman is of asian ancestry. But police do not know if that was why she w
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
Central one in the modern world. It is one that proceeds by what is called creative destruction. So it is constantly innovating, creating new products, new ways of marketing things, new ways of life. And in the process it is destroying all the ways of life and bofa tracks people and sometimes as a source of resentment. The jews have been infinitely connected with the history of capitalism both in the ways in which people of thought about capitalism. So when it comes to the way in which people think about capitalism one of the interesting themes is that i found that when pre modern thinkers thought about commerce and especially about finesse and moneymaking they often connected it with the issues for reasons that had to do with historical reasons as the role of jews of finance years and as moneylenders and in general as merchants in the middle ages. And then often enough i found when i was writing an earlier book called the mind of the market about capitalism and modern european bonds t
They went for a local startup and as a landlord ill allow them to sub let if its safe and agreed upon way with with my own home i moved to the outer sunset. There are so few xoomgsz options in my neighborhood and able to shape the visitors impressions of the city the people are oftentimes investing visiting family and caring for family members or experiencing a different part of the city some have never been to the beach and also my guests are attendee to 70 marathon and americas cup and dream forest and other conferences if you support those high revenue events i hope youll support home sharing to provide accommodations to the of those are my neighbors and sharing my home helps me to contribute i invest more in my property to provide a hospitable investment its here to stay where theres demand thanks. Next speaker. Hi ami ive been here for 40 and a half hours because this is important im jeanie and together with my husband i own a small home and lived in San Francisco for 33 years wev