reappointack obama to ben bernanke though they were of the other party. you have to go back to the 70's gone awry. the president for a long time is done the right thing in terms of -- has we have not had an economy sent -- economist since the late 70's. not economist but really an economist in a lot of ways. all of the three except for janet yellen are not economists. jonathan: we chosen this program -- jeff is putting forward as a serious candidate that he thinks could become the fed chair. which box does he pick for president of the united states? >> it is critical what boxee is ticking. i think he would be a reasonable candidate and passes a lot of litmus tests of president. low interest rate, against rate increases. he is a markets guy. understandmeone to how it is working, he is the guy for the job. the potential question, he is also a republican, which helps matters, but the wretched would be his rhetoric about two big to fail. that would have pushed back. that is the biggest box not checked. jonathan: just want to get you up to speed on market action for you. futures are a little

there's been conspiracies that will just buy s&ps when the market starts going down >> in august 2010 when then chair fed ben bernankeabout qe2 as a way -- as he used the asset markets for economic outcomes, he said it's about benefits, costs, and risks remember these three words benefits, costs, and risks the longer you do it, the lower the benefits the higher the costs you can't do it forever. you can't have protection. you can't do this stuff forever. there is unintended consequences, and that is misbehavior that occurs, but you just hope you can validate the funds. >> just hard to realize when you have crossed over. >> correct >> to the point. i think with our deficit, it's the same kind of thing we're at $20 trillion. if you just threw caution to the wind, we could spend money on a lot of stuff god all mighty, think what we could do if we had a limitless -- we do have a limitless supply because we can sell more bonds. we can always -- the federal government is the debt it's going to be, you know, wherer you're going to be able to replace the existing debt by selling new bonds. >> you do think it's going to come