isn't that part of the problem and if you were to contrast keynesianism with something like the austrian school which actually celebrates savings wouldn't wouldn't that be a conversation worth having why don't we save per an austrian model to build the capital in the economy and therefore we can enjoy capitalism because under keynesianism you can't have tap it wasn't because after all without capital you can't have capitalism i agree with you entirely. that the wish expressed by keynes in his. general theory was that the saver would be euthanized and that the states would provide the capital necessary for investment he also seemed to think that the orchard print was happy to do his work and the profits were secondary consideration i mean this is the mad world we've actually ended up in. with spoken about this before i think 80 percent of americans 80 percent of brits i mean i'm talking about salary. i think paycheck to paycheck so you're absolutely right they've got no you save things no nothing whatsoever and it's really backfired on the state with this coronavirus because the state has decide

not even friedrich hayek, the austrian school of economics believed in complete their markets. at the very least, even libertarian say that we need three rules in our markets. no fraud my no breach of contract and no price-fixing. we cannot have good markets if people can get income foods with each other. so the question is how are we going to enforce and implement the rules. what i argue in the book is that that conservative way to do it is through the private enforcement of the law reading in a back to the literature on privatization that was very popular during ronald reagan and margaret thatcher's times, in this literature basically says that we want to privatize everything. and therefore why should we want to privatize enforcement of the law as well. i identified six reason why. this literature advocates advertising. private solutions over government solutions. all six of these reasons apply to private enforcement of the law. number one. we would like smart governments. every thing else being equal, what smaller government, amy's lower taxes and fewer bureaucrats looking a

not even friedrich hiatt, austrian school of economics believed in complete laws a fair markets. at the very least even the libertarians say we need three rules in our market. no fraud, no breach of contract and no price-fixing. we cannot have a vibrant market if companies can reach their promises to us and if they can lie about what they're selling and if they can get in cahoots with one another we need those rules and the question is that how are we going to enforce an opponent those rules? what i argue in the book is the conservative way to do it is through the private enforcement of the law. i go back to the literature on privatization that was very popular during ronald reagan and margaret thatcher's time and this literature basically says we want to privatize everything. therefore why should we want to privatize enforcement of the law as well. i identify six reasons why this literature abdicates privatizing, private solutions over government solutions. all six of these reasons apply to private enforcement of law. number one, we like smaller government. every thing else bein

not even friedrich hayek, the austrian school of economics, leak in complete laissez-faire markets. at the very least, even a libertarians say we need three rules in our markets. no fraud, no breach of contract, and no price-fixing. we cannot have vibrant markets it companies can reach the promises to us if they can lie about what they're selling and if competitors can get in cahoots with one another. at least we need those rules. so the question then is how are you going to enforce and implement those roles? what i argue in the book is the conservative way to do it is through the private enforcement of the law. and i go back to the literature on privatization that was very popular during ronald reagan and margaret thatcher's times. and this literature basically says we want to privatize everything. and, therefore, why should we want to privatize enforcement of the law as well? identified six reasons why. this literature advocates privatizing, private solutions over government solutions. all six reasons applied to private enforcement of the law. number one, we like smaller governmen

. >> reporter: restaurants, stores, and schools were closed when the austrian government imposed severeestrictions weeks ago. people were ordered to stay home except when shopping for groceries and e essenttials. ththis family lilives in the wen part of the country. >> translator: this used to be our living room but we turned it into my husband's office space. >> reporter: for a while distancing rules were stricter than the rest of austria. the state has a border with italy where the number of deaths from covid-19 is among the worst in the world. the baumgartners and their 18-month-old child have all been together all day long for a month. the stress has been building. >> translator: my son constantly comes up to me and bangs on my keyboaard. >> traranslator: somemetimes i on the verge of losing my temper. >> reporter: around the country some people are beyond the verge. a support group for domestic violence victims says consultations are up more than 70%. recently a man living and working from home in the outskirts of vienna nearly beat his wife to death. the stress of confinement is t

schools, restaurants and places of worship in austria will be allowed to begin reopening from the middle of next month. the austrianmay 15th. he said he would give more details later this week. officials in iran have extended nazanin zaghari—ratcliffe's temporary release from prison by a further four weeks. she was given a five—year sentence in 2016 for spying. officials freed her along with 85,000 other inmates last month to try to slow the spread of coronavirus. the clothing retailer primark has announced its sales have plummeted from £650 million a month down to absolutely nothing, because the coronavirus outbreak has forced it to close all its shops in europe and the united states. primark‘s chief executive george weston told investors that without furlough support from governments, many of its 68,000 staff would have been made redundant. the company says it's paid its suppliers for stock received and will set up a fund to ensure that the workers who made those clothes were paid. with shortages and delays to the arrival personal protective equipment, many people are looking for ways to help nhs workers through

schools reopened. from today it will be compulsory for austrians to wear if they want to go food shopping, and it's thein the uk and other countries, people have consistently been told that — other than n95 medical grade masks — the use of face masks won't help. but, a us study has now found the distance that particles can spread through coughing and sneezing is further than previously thought, and indicated that wearing a mask could be beneficial to protect others. let's talk now to one of the authors of that report, lydia bourouiba from the massachusetts institute of technology. and margaret harris from the world health organization, which does not advise wearing masks for the general public. margaret harris, the current who advice is what? it is not that we do not advise it, we say do not use medical masks because there is a severe shortage of medical mask and we need those for health care workers at high risk of exposure some because of the procedures you need to do to save lives will increase the amount of virus in the atmosphere. we do say if you wish to wear a mask that is fine, but do not use a

schools and nurseries, beyond mid—april. austria is to ease some of its lockdown measures from next week. the chancellor there said small shops will reopen on the 14th of april if austrianss over the easter week. spain has registered its lowest number of deaths from coronavirus for two weeks, continuing a recent trend which suggests the virus's spread is stabilising. with over 130,000 infections, spain has more cases than any other country in the world except for the united states. guy hedgecoe reports from madrid. good news as another patient has recovered from covid—19. spain has recorded just under 620 deaths from coronavirus over the last few hours, a marked improvement from a few days ago and over 900 deaths were reported daily. the number of new infections has also been easing off in recent days and the government says the virus has spread and is now coming under control. translation: more than 40,000 people have already been discharged and this already represents almost 30% of the reported cases. the government believes that measures introduced just over three weeks ago tightly restricting spaniards movement are paying off. this whee kim of the prime minister pedr