acting like the gold standard so it is causing greece and other countries to be fiscally irresponsible to suffer as a result to get their act together that is what the gold standard does when you over use your debt with the tax system and the euro is the gold standard so a lot of economists by the way argue that one of the reasons they note to the countries that went off first during the great depression recovered more quickly is an interesting argument that is worth looking at that is what greases thinking we can go off the euro and recover more quickly. that is the basis of that argument. >> by the way thinking that

the yen's steady many works ask brazil how will that works, argentina zimbabwe zimbabwe, countries that have steady currencies do better over time than those that don't. not to get into a discussion of the depression but those you cheapened their money all that did was get the big brother neighbor policy were they all went off and then the 30's overall was the miserable decade you can cheat to get a little leap forward and others follow then you're back to where you were. >> it is a mistake here anyway to think that the key function of money is to register inflation or deflation but to give signals of information and

the euro is in bold it is the manipulated currency dominated by a socialist regime so that falsifies the information that guides the creativity and that is why it doesn't work. not that it will misjudge that collective level that is almost possible to compute any way. >> just looked up the price of oil in the '70s i went off the rail to almost $40 of beryl people thought we were running out we had huge investments and alternatives in the early '80s that terrible crisis to get down at $10 a barrel texas goes into a depression the agricultural economy goes into a depression and unstable money is like a

virus in the computer it corrupts the information which is to his point. >> we will leave it there because i usually eat lunch at 12 so my stomach feels like i of living off that 75 minute hour. [laughter] i want to say which one of the things he started off with his remarks, to reject this idea that we have to get used to reduce the level of growth and prosperity because the fact that we live through this difficult time really is a result of serious policy errors all related to a reduced level of freedom. so i believe this is believed very strongly here at quito. -- cater institute it is

your generosity that makes our work possible and especially the free - - the three presenters' today who all have books available for purchase i would encourage you to do so. [applause] [inaudible conversations] [inaudible conversations]

>>host. >> now the editor-in-chief from doubleday books what kind of books do you publish? >> 50 books per year have for fiction half-hour nonfiction we do a lot of literary and don nonfiction we publish a lot of history and narrative than politics. >> how long has doubled the ben in business? >> 1897 founded by somebody named mr. doubleday. [laughter] we are here to talk about m previous some of your fall

books. >> we have three in particular in august we are publishing a book about patty hearst her kidnapping and what she did with the liberation army and her very dramatic trial. our staff writer and chief legal correspondent and the author of several best sellers and also the book on the o.j. simpson case. so what is so fantastic about this book from my perspective is they say that we live through this tumultuous time and in the early '70s that it was like the country was having a nervous breakdown there is an average of 1500 terrorist bombings there was political turmoil and have this fantastic sensational crime

patty hearst was kidnapped into men's later declared her new name the story has amazing twists and turns the largest police shootout still in history took place a few months later between patricia hearst and two comrades were killed also of live national television and then we get to the trial which has twists and turns a symbolic story of a nation falling apart but also political radicalism then in september we have to bestsellers about the assassination of one of the most gifted men elected to the presidency, i president garfield and house theodore roosevelt and his presidency so she is good about narratives of famous

individuals and in this case she tells the story that a new had happened but didn't know it was so dramatic that winston churchill always believed he was destined to be prime minister of england had a think tank of his own greatness so he tried to put itself in danger in india as a war correspondent and then went to south africa were the war just erupted he was a correspondent but he volunteered to go in an armored train the trainer was attacked and he was captured put in a prison camp and they made great propaganda value out of this but he escapes by himself to make his way across 300 miles of enemy territory with a chocolate bar and a few coins but then gets to neutral territory comes back and fights battles and then

is freed from where he is held captive. >> one of the most gifted narrative historians writing today and the third book is a two-time finalist for franklin roosevelt is a very single moment was during the korean war with very unpopular president truman and douglas macarthur when mccarthyism was coming for to the front and they wanted to use nuclear weapons to stop the flow and truman disagreed and they had a power struggle this is the moment that is just as dangerous although not as well-known dissidents the idea that as unpopular as he was he took a very principled stand to push back behind the scenes so a

great narrative to the story to do all this research that is grounded in textual research had a tremendous writer. these are the three books. >> you will see all three authors on booktv this fall. editor and publisher of doubleday