$5 trillion that is absolutely eagerness is part of the hidden machinery if you go to the bank to get your mortgage then it is right then and there and that is part of what has made the function. >> host: in recent history people gore as one of the first to to be taken over by the government or to be partly responsible for the financial crisis. a lot of people think this is the problem from a long time ago? but now here we are or how far have forgotten? >> we haven't gotten anywhere that is the problem.

but i should back up there were the first i guess it was bear stearns but then fannie and freddie. they were put into conservatorship for their supported by allied of credit from the treasury and then they were taken over and said it would be temporary. we will figure out how to read for a man and we will reform them but here we are seven years later still in the conservatorship type of state so how do you want things to be financed? it is not resolved.

it is every

but what i'm trying to do is show a long term historical progress not days and hours to follow the trend line and not the headline. with the bigger picture of the abolition of slavery show with a few corrupt governments the abolition of torture is now illegal lowball democracies, the right to vote by black sand women's every where there

are now 118 democracies in 1900 there was only a couple. so that is the big progress that we talk about. same-sex marriage is no legal. >> land you include that? >> the younger people would say no. >> that want to preserve the hierarchy that class based society but the long-term trend will be more autonomy and freedom and liberty over their own bodies and minds here we are afraid of the stem this is what it is all about. it is my monitor my body i can do whatever i want. the two people that are in love the one to get married

who cares. it is none of your business as long as no one is hurt that is a step in the right direction. to be a standard of the rights of the individual to have the power and autonomy and the choice is what has been happening over the last 250 years. >> is the moral arc save as morality? >> yes. first attract the fact that things are getting better then based on what? >> to make sure that other higher animals don't suffer. with a great utilitarian philosopher starts off to say about animal rights not

can day fate or talk but do they suffer so talk about the suffering of other people live people have the right not to suffer at the hands of other people so that is a moral decision. even though most scientists believe indeterminism i make the argument for free will and morality includes a moral choice you could have done otherwise you could have chosen not to and that is through the decision comes from. so as a society since the enlightenment and the idea of a constitution and a bill of rights is we say everybody should be treated equally under the law. that is only a couple centuries old and has taken off ever since.

>> the assignment began with the idea we can use logic to answer questions about the world. if we begin with galileo and the scientific revolution the bigger point is the universe is governed by natural laws and principles to be discovered been applied with physics and biology, they all started off with everybody in europe and the u.k. wanted to emulate newton to discover the principles that guide the economy. before the amendment there was none. everybody think that of smith's book is called the wealth of nations it is

actually called the inquiry into the nature and causes of the wealth of nations he inquires what is well? where does it come from? you want more for more people then there must be more principle behind it for governments and societies. everybody has been doing that but jefferson's idea is to increase the prosperity with happiness and property and scientific pursuit and. >> host: from your book the bible is one of the most immoral works to my bed is a pretty strong statement. [laughter] and a light to offend by religious friends but the point is if you turn to the bible strictly speaking literally, by today's

standards a special deal desman is pretty immoral that the death penalty among dash penalty for disagreed the children or non virginal lives were working on the sabbath that was written at another time for another people with the abomination of the same-sex relationships is in the same category. it is archaic. we can do better in the already have purchased most of the founding fathers were not religious but the point of the constitution and the bill of rights is it doesn't matter there still the law of the land we have to obey them. these and other rights that everybody gets regardless of your religion we don't care

this is a lot. >> host: has the u.s. then a proponent or advocate of a moral society? >> we do have setbacks that people call attention to like slavery but we abolish. . .

but if you and i swapped money for goods or services i don't care what race you are or what religion you are, it does not matter. you have treated me properly by contract. i have treated you properly by exchange, and that is one of the big benefits.