immense pressure to the point where the budget director was going around and whispering thunder gulch amana65-years-old and lives by himself and calls his mother every day. isn't that creepy and remind you of alfred hitchcock's psycho. this is a really nasty political tactic and despite all the pressure, alan greenspan stood up and in a way almost created the fed's independent. perhaps that sounds like an overstatement towards the en bue end of his tenure, paul volcker, the giant big headed old testament prophet who we remembered as the giant who made inflation was surrounded in his last years by the reagan appointees. he was out voted by his own board once on interest rates and twice on regulation and his authority was diminishing. alan greenspan really rebuilt and i think the term when experts are under attack from politicians it behooves us to study the model with somebody that is the expert who parlayed that expertise into political influence. >> host: it also behooves us to figure out the proper role of the central bank now that we have had it proven beyond a reasonable doubt that fina