. >> now, the president at the cato institute, john allison talks about his book "the financial crisis and the free market cure." mr. allison served as the chairman of the financial firm dbt. this is 50 minutes. >> inks. it's a pleasure to be here. i want to start by congratulating tremendous success heritage is patently believe it is important for those of us that believe in free markets and free society be working together and i hope that will be the pattern going forward. my purpose today is talk my book, "the financial crisis and the free market cure." i wrote the book before a big deal is coming to cato. people ask me, why did i write the book? basic answer is i thought it might be interesting to have somebody annuities talking about read a book about the financial crisis because you listen to commentators and academics that don't do what they're talking about and it's discouraging. in addition, it is important to undo the mess. the state has been great at creating that cities become destructive over the long-term. the myth they have created is that it was caused by deregulation o

now on booktv, john allison argues that government incentives and regulation caused the 2008 claps and says that to improve the economy, we need to opt pure free-market policies. it is about 50 minutes. [applause] >> thank you. it is a pleasure to be here. i would like to congratulate heritage on the success that they have had. we did it. this is a pattern we have going forward and the purpose is to talk about my book, which is "the financial crisis and the free market cure." people ask me my i wrote the book. the basic answer is i thought it would be interesting to have somebody who knew what he was talking about write about thinking. because if you look to the academics to some degree, they don't know what they are talking about. [laughter] i think it's very important to undo a myth. these myths become destructive. the method they created is that it was caused by the deregulation on wall street. welcome to the simple fact is that this was not deregulated. we have the privacy act and we were mis-regulated, not deregulated. i have been working with wall street for 40 years and it's not

at nine kate institute president john allison argues that government policies caused the 2008 financial collapse. alan blinder makes the argument that government intervention prevented the crisis from being far worse. >> coming up on c-span a conference on a clear weapons proliferation and then on book tv supreme court justice and cynthia held talks about being the wife of former cia director. >> on the next washington journal, gun ownership in america. the center of republican integrity who recently wrote about the role of the bureau of our call, tobacco, and firearms and a background check system for purchasing firearms. live from the blue ridge arsenal, a gun shop and shooting range. in addition to interviews and live demonstrations executive director of gun owners of america and washington times senior opinion editor, author of this year's emily gets her gun. washington journal is live on c-span every day at 7:00 a.m. eastern. >> you're watching c-span2 with politics and public affairs weekday's featuring live coverage of the u.s. and reid on weeknights was key public policy events

underway and the owner hosted a private party where head coach john harbaugh said he danced the night away with his young daughter allison and super bowl mvp joe flacco said he was operating on about an hour and a half of sleep, so running on fumes this morning but happily talked about the game at a news conference this morning. harbaugh joked he thought he had lost the lombardi trophy at some point. then the team hopped aboard the charter touching down in baltimore just after 5 p.m., the emotion of victory very fresh, the head coach trying to put his gratitude into words. >> quite a night last night, just proud of our team, proud of our coaches and our players, happy for our families and most of all, happy for all the people in baltimore. we saw some amazing pictures last night of the streets being closed in baltimore and everybody partying. >> i don't think iwould be quite as enjoyable as it would be if we hadn't gone through all the stuff that we've been through in the last couple years, this year. so i think we kept the faith all along and this is where we envisioned ourselves and i think that's where we're here. >>

john paul ii. when he became pope, he was younger. a very vibrant leader as allison said watched him grow old.benedict is now 85 years old. do you think there might be some effort to elect a younger pope this time around? >> i don't really know. although, there are obvious advantages to having one. john paul ii had a great impact on the church. in some ways the most important figure of the 20th century. it was because his youth and energy permitted him to be pope for such a long time. it would be a good thing. on the other hand , it's a really big job. think of being the president only on steroids and the number of people you have to be concerned with. so it takes a lot of wisdom and experience to do that well. >> well, we thank you for your insight this morning, sir. we appreciate it. john garvey, president of catholic university joining us on the phone. we'll talk to you in the days ahead. >> thank you, tony and allison. >> pope benedict xvi has announced this morning he will be stepping down. he will resign his position affective february 28th. >> all right. we of course will be following t

john, state's attorneys. thank you for being here. good luck in your efforts. we'll be right back. >>> allison. >> yeah? >> oh, i'm sorry, me. prankster took control of burger king's twitter account. the hacker changed the profile picture to a mcdonald's photo. the restaurant chain had twitter suspend the feed so it can regain control. no one claimed responsibility. >> mcdonalds owns chipotle. >> i did. >> i didn't. >>> the reality star is out as co-host of the x factor. seemed nervous and unprepared next to mario lopez who will be back. karsashian is the third high profile exit along with britney conspiracy and la reed. >> she was bad. you know what, the producers. higher experienced host. >> where's ryan seacrest? >> he was a dj. >> she's a karsashian. >> this is a trend we don't support. >> i only saw a few episodes. >> she was not good. >> the cue cards. she said mario was reading the lines and she her reading along. she wasn't a professional. a lot of unemployed hosts out there who need jobs. >> that's right. >>> around here , showers moving in. bring an umbrella. not going to rain all day. not going to rain all day. sh

john gobel. great to talk to you. how does it feel to be back at home finally? >> it's great to be back at home. i was able to reunite with my son jared, daughter allisono be back at home. >> did your kids know while you were on the boat what you and your wife were going through at the time? >> well, it sort of started out, got back on the ship after we left cozumel, and they were having a late night party. and i decided to get a little bit more rest. turned in early, my wife stayed out with some of her co-workers. and she got back to the cabin very late. and then we were awoken to an emergency at about 5:30. they were requesting report to the engine room six. and i knew there was something going on. >> so when you heard team alpha and you saw the smoke, what was your first thought going through your mind? did you think you were in big trouble? >> yeah, i knew whenever there's a fire onboard a ship, i mean the ships are pretty much self-sufficient and we're relying on the crews to get the fire put out. >> john, do you think you'll ever go on another cruise again? >> you know, it's funny, i spent half of my life sailing on ships and i'm also a merchant