Three months before the election she said im not a consensus politician. You can imagine saying three months before if you want to compromise and all that stuff focused somewhere else. I can see a creeping up into the american politicians on the certain republicans but have been trying to trim the sails and its difficult for many people to see what the Republican Party is about and we need principled. We need some kind of a conviction. The danger of that is people may not like the conviction. That is a risk you take but i think there are certain ways in which and she had incredible communications. They did have great communication ability and i think that was very attractive. So look at perhaps the next guest it says something about her leadership style. But it is a much shorter book, but im looking forward to doing a bit more research on it. Host it is a wonderful book. Congratulations and thank you very much for being on after words. Wednesday night in primetime on cspan is the ideas
If you dont have stable money then things stay the same. Touche short questions. Was nixon faced with . What did he feel he had to do . Gold has increasing industrial uses we all know about the uses is space how will this affect things with a Gold Standard on that . First what force is off the Gold Standard supposedly . We were not playing by the rules with the Bretton Woods system at 35 an ounce. Nixon was worried about reelection in the economy was not responding quickly enough so the theory was out there it would boost the economy in for one year they put in wage price controls then the economy crashed so it was bad intellectual theory but not their real crisis any of the economic problems were small compared to the crisis we had in the past there was no sensible reason to do its with that industrial use of gold it is a small fraction and reusing less we dont use it anymore for fillings once upon a time we had gold and silver. So for most gold is for store of value and ornament but
You make of very, very very fundamental point. What we think of a rising cost like energy is really the devaluation of the dollar and future fears of devaluation. With that Silver Dollar if you flip on this table you here at a nine piece loudest sound that is how we got the phrase sound money. [laughter] mr. Forbes whittier thoughts of the concentration of the Banking Industry consolidation in your the concentration of deposits . It is one thing to get consolidation as a result of Natural Forces of the marketplace it is another when it is a result of a regulation and fiat. In the first part of the history we had extra banks because of regulation but when bankamerica the original one started in california when he took the bank across state lines using a big Holding Company to get around restrictions if you own a bank in one state cannot o one in another so Congress Passed an act to prevent him but today dodd frank had the implicit purpose to drive small banks of business. They will tell
[laughter] i, i have a theory, i have a grand, unified Michael Lewis theory, and i thought that we would start there. I havent heard it, id love to hear it. And im going to, this is going to be i would like to see whether you, whether you get the theory, so im going to give you an opportunity to answer. Youll see. The theory [laughter] the preamble to the theory is that you are principally a moralist. In fact, i believe you are americas leading nonfiction moralist. What do you mean by that . Well, you re someone whocc. And as proof, i would like to point out that in five of your bestsellingj a financial ark. Perfect. [laughter] okay, so, but flash boys is, its the most perfect biblicallal gory of all. Which one is it, do you know . No idea. [laughter] its jesus and the money changers this the temple. Ooh. My Fathers House is a place of prayer, but you have turned it into a den of thieves, jesus said. Flash boys [laughter] [applause] i was looking, i got the book, and i was, like, whe
Im laura jarrett. Im christine romans. Tuesday, august 25th. 5 a. M. In new york. Exactly ten weeks now until the election. Republicans open the National Convention trying to close the empathy gap. President trumps allies offer a misleading portrayal on his efforts on coronavirus and race pitching trump as a leader, protecting the country from democrats who they falsely claim want to wipe out the suburbs from their radical socialist agenda. As advertised, trump made himself a star of the show twice. The gop put forward two most compelling speakers. Nikki hailey and South Carolina senator tim scott. They argued trumps policies have lifted up a diverse array of american families. They say democrats have gone too far with claims of systemic racism in the u. S. The claims made on the same day people were protesting the shooting of a black man in wisconsin. Trump appeared with workers portraying the president as a leader who quickly confronted coronavirus. Cnns Kaitlyn Collins is at the whi