Subcommittee will come to order. The terror is authorized to declare recess at anytime. The subcommittee is convening a hearing on the document production efforts on the opposite office of personnel management. I regret that we need to have this hearing. We are here because the fbi has not substantially complied with the committees request for documents from several months ago. Have witnessed a stunning lack of cooperation across the administration in response to multiple congressional investigations. For this committee to perform its important constitutional we must havesion, documents and information requested from agencies. That in turn requires cooperation. When the committee or a subcommittee sends a request for documents or a written response for answers, we expect meaningful and timely compliance and not stall tactics. It is because of a breakdown in that process you three are here today. Today we will be asking each of you to justify your respective productionoublesome track re
victory on tuesday with a comfortable win over nikki haley in the new hampshire if primary. and now the former south carolina governor is facing growing pressure from mr. trump and his allies to drop out of the race with the former president threatening to blacklist haley donors if they continue to give to her presidential campaign. but haley is vowing the fight on, hoping to make a comeback in her home state next month. now, you ve all heard the chatter among the political class. they re falling all over themselves saying this race is over. [cheers and applause] well, i have news for all of them. new hampshire is first in the nation, it is not the last in the nation. [cheers and applause] paul: joining the panel this week, wall street journal columnists dan henninger, kim stras thing and bill mcgurn. so, dan, do you think that nikki haley has earned the right to stay in the race? yes, i do. she did well enough in new hampshire, she didn t get beaten by 20 points, she s
definition and how it differs from other definitions? guest: ewell, really as we explained and a book that are two kinds of inflation, nonmonetary and monetary. a nonmonetary kind which affects prices would be an event like such as a drought or the lockdowns we had during the covid or the war now we are undergoing in ukraine which is affecting food supplies and energy supplies. those kindsca of events can send that prices. we underestimated, for example, with the covid lockdowns how intricate though supply chains were and that huge disruptions sending up prices. those are the nonmonetary kind of inflation though, if authorities about what will eventually work itself out. after world war ii for example, the world economy underwent a a huge transformation from the wartime economy to a peacetime economy from making tanks to making cars. those things you don t do overnight. eventually the price situation settles down. the monetary count of inflation results when governments orl
time to do this interview. i wonder if we could just start it really broad because your book obviously is about pressing topic of the day inflation and you define inflation a little bit differently in the book then it s traditionally i think talked about here in america, and i wonder if you could just go through your definition and how how it differs from other definitions. well really as we explained in the book, there are two kinds of inflation non-monetary and monetary the non-monetary kind which affects prices would be an event like such as a drought or the lockdowns that we had during covid or the war now undergoing in ukraine, which is affecting food supplies and energy supplies those kinds of events can send up prices. we underestimated for example with the covid lockdowns how intricate those supply chains were and have huge disruption sending up prices. those are the non very kind of inflation though if they have authorities allow it will eventually work itself out af
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