and then you start to inflate into incurred debt westn and what the western economies did and basically the issue go into deficit they would with strotherfo funds. and then started to cashen for bald. so without that featureely, asset values can inflate indefinitely.

with the situation where the world is swimming in that that when we headed downturnd like 2009 redo quantitative easing, more inflation in then they flew to a little bit to put all the banks around the planet and the democracies are deep in debt that is not a good if it is's now worth the paper it is printed on. with all of these asset valuations that are brought down to earth but i would say the idea of letting go

of a standard of value to inflate uh currencies isn't clear that was the right answer i think that is as far as you can go looking at herbert hoover as an economic visionary but i would say that is another real discovery for me and learning about herbert hoover in the white house. that is my top i am happy to answer questions and i will be signing books outside. did overstay mile limit?

>> if you have a question raised your hand don't start until you have the microphone. >> anything anyone did teetoo and failed that they succeeded? >> there was a few things and that is an interesting question with an interesting point in fact, some of the leading advisers to roosevelt everything they did under the new deal was initiated under hoover ande

it was the kind of clean you could only make if you were a roosevelt acolyte you can get much mileage to save it out of that out of the who for campeau that was there a acknowledgement but in particular for example, of whicnstruction finance group devised to channel funds into the bank's it was the first death in that direction by the federal t government and consequently republicans and democrats in congress but zero lot of restrictions of high capital requirements scrutiny and obstacles to pay the money out when the democrats took over they were much freer

from the reconstruction finance they had success in founded to be very important to stage the recovery. some of his foreign policy as well as a problem in agriculture that there is a good basis to believe their agricultural problems but the farmers strategy they wanted adopted is to markets domestic and export then the government would give you a

subsidy to match the high domestic price for keeping the u.s. markets. >> to keep the prices high debt was few title fit wanted something off to have been paid maintain crop prices and a put a huge

warehouse full of grain was a disastrous policy but the roosevelt administration pursued many of the same policies then expanded on them to pay the farmers not to grow the crops so roosevelt pursue that as well. it is a vestige now of the ironic situation not to plant crops.d, then first the former board all different ways to deal with the problem we have been dealing with for something like 100 years.

that is the product of the principal the housing board under roosevelt and the basic thing that people point to the really did say that is the business people and society as a whole to deal with not government the ups and downs of the economy that is the way it is. it is life. hoover was a ready to accept that. to be more urban to just crossed the line that reliving world -- rule and

when you deal with large numbers of people who don't have access to the land of those basic resources it isme hard to starve if you are a farmer but there is a lot of starving set and the urban areas during the depression people needed food. so the whole idea of the government stepping in with economic distress started under hoover that is what roosevelt was all about so there has then a debate historic cleaver some time and there are elements of poolsides that he did open the door to what happenedd after that.

mile-long answer to your was t question. did he get his mojo back to turn the key is before? no. he went through a life change with of presidencydy put then he never failed at anything with a wide range of endeavour's to be pour and and lacking education he got

into stanford and is educated and became verynd successful and wealthy with a geological consultant and made his first million by the age of 40 and then turned his attention to public service during worlddu war i so had these very highly regarded programs ande as secretary of commerce he presided over the greatest sevener eight years of economic growth we had ever seen. but then he becomes president and he is everybody's whipping boy for what happened and loses all of his prestige and then

having left though white house he stays silent for one year he goes into withdrawn type of state and comes back as a critic of fdr and the new deal where as before talks about what a we need to do but never after it was what we we're doing wrong and beating roosevelt position where roosevelt spent the next four elections running against hoover all overr again and said it is justan another coup for you don't want that again do you coax

so his first glimmer the first president of was firm chairman who extended a hand and then ask jim to review the situation in europe so to put the mambo's old track and was then invited by truman and eisenhower to review so the hoover commission to make recommendations a lot of them are followed to be applauded as the did

minister she kept going back to the convention so david sale let's bring hooverov back. kryptonit but they were treating him like kryptonite to stay over there and then as he got that recognition back as a former statesman. >> to of a self-made very wealthy successful things you have already covered. with a new level way of doing things as a result aslt

you have a man running for president only is the hopeat we to understand the mistakes in preparing for the next presidential election? >> that is an interesting question. yes. just to bring in a little further that was his first elective office he didn't

like public speaking and the dog and pony show but trump seems to enjoy that part. i don't think they share the same assets their strong suits are different but one thing that hoover ran into in the white house the process of politics and p making deals you don't want to deal with.good at hoover was not very good at that.

with the private enterprise type of executive and to have the insights that buying things for less than they're worth and that is private acumen. and i wonder how trump will deal with the situation when he said here is what i have to do get in line.

and if you have any questions you can ask comanches signs your book. [applause] save travels

>> if you look at tattered cover with the green carpet and a dark wood and brass pictured - - pictures he

original barnes and noble stores were modeled of this. >> born in 1936 he was growing up in an era where fathers were typically heavily involved that was the most important thing. >> we do have elks that use the drainage is for calving and also mule deer