It is not the trophy or the triumph. It is the respect that is jacks rivals or member of the most. That is what gives the 1986 masters his size. To win, he had to overcome that day norman, and according to some, father time. That day we were a part of something special. Something bigger. Just as we now are today. Is not whether you win or lose, it is how you play the game. And no one has played it better or longer than jack. Today be congressional Gold Medal Ceremony for professional golfer jack nicholas, on cspan. The Brookings Institution recently hosted a forum on the impact of technology on the workforce. Speakers included larry summer. This is just over one hour. Great. Melissa they queue all for joining us this morning. My name is melissa carney. I have the privilege of moderating our First Panel Discussion this morning. This panel is going to take the premise that andy and erik laid out for us, that there has been rapid technological advance in particular in the information cent
So that there are no big Interest Rate surprises that can destabilize the system and i hope the banks understand that they have to responsibilities, one, the traditional and one for Financial Stability and if they are going to hit the two targets you need to instruments. You cant hit two birds with one bullet unless you are very lucky. So they need the Interest Rate policy to keep prices stable and the economy growing and if they are worried about the asset markets they need to use regulation, with the experts called macro credential policy but it really means regulation to address the risks. But this is a balancing act that is going to loom large. We have seen the pressure to raise Interest Rates will gather as the year goes on and doing that without triggering some financial will become the crucial issue for policymakers. Thats a balancing act, and we had a good lesson on how it should not be done in 2013. We had the socalled paper tantrum and then chairman bernanke suggested that th
He quotes george shaw in the latest book saying if you laid all of the economist end to end they would still not reach a conclusion. People are arguing over the last financial crisis we have been through and more importantly what to do before the next one. This book has been hailed as a scholarly contribution to that debate not least in the Financial Times where it was described highly readable. That concluded this is destined to change the way we think about the Great Depression. Highly readable is probably not the strongest compliment an author can hope for but achievable for an economist. Thank you to richard waters and the Commonwealth Club of california and thank you to the members of the audience on turning out on a lovely evening when there are other things to do. You are probably thinking not another book on the financial crisis. There have been previous books on our financial crisis and we learned today there will be another book on the financial crisis appearing in october. I
Disease and you dont have money to treat them and, frankly, i think its time to talk to the manufacturer of this drug and ask them if they are being very generous in providing these drugs, hepatitis c drugs, for free. Very generous. For whatever reasons they are doing that. But maybe at a time when their profits are soaring, maybe they might want to respect the veterans of this country who might die or become much sicker because they dont have access to this wonderful product. And as senator blumenthal mentioned, if they are not prepared to come to the table you think youve done well by getting the prices down by half, im not impressed. Paying 540 bucks per pill for people who defended our country. You sit down with them and say youre prepared to use 28 usc 1498 to break the patterns on these drugs unless they are prepared to come down significantly lower than they are right now. Its not a question of taking money. I know youve requested to take money out of the Choice Program. Maybe t
That it becomes more and more clear to me and erik that the future is coming at us more than the experts are predicting. That means the economic consequences are coming more quickly than a lot of us are expecting and makes the discussions for today all the more important. Thanks very much. [ applause ] thank you all for joining us this morning. My name is melissa carney. I have the privilege of moderating our First Panel Discussion this morning. This panel is going to take the premise that andy and erik laid out for us, that there has been rapid technological advance particularly in the information center. We will ask the question what does that imply for the future of work, the future of workers and the nature of employment in this country in particular . As we tried to lay out in our hamilton project framing paper there are a lot of views on this topic and in particular if this will be good or bad on that or how good or bad on that for society. Fortunately this morning we have a real