caplan, you work in the division of medical ethics. you were talking about our medical decision making. it was dr. zinberg who brought up the idea of boosters, especially at a time when countries around the world are struggling to have enough vaccinations for people to get their first or second shot. should we ethically be talking about boosters right now? >> guest: yeah, that's ad good ethics problem putting aside how we would implement different policies here. but i'll say this, i'm in the uncamp that says we're very unlikely right now with the lack of infrastructure in most of the rest of the world to distribute more vaccines, get them out to people. many nations don't even have refrigeration and roads. the best thing we can do right now is the try to maximize the impact of the supply we have and the countries that can distribute these vaccines. by the way, not every rich country is well vaccinated. japan is not. and they could use supplies of vaccines. it's not clear -- we're not just talking about poor countries here. but morally,

and stocks in the case of puts and calls in the case of caplan. rules need to be changed they will be and i'm pretty sure the board of governors will work the with the banks to make sure it doesn't happen again. >> just to stick with this, you mentioned these were two presidents, that were, in many ways, independent thinkers and strong members on the fed's composition. pr what do you expect that replacement process to look like i'm seeing notes saying there's potential dovish risk. giveen the fact you're talking about presidents that were the loan voices that highlighted potential risks around financial stability and the like sglitsz up to the board of the banks. you have to remember the selection is made by the board of directors of those two banks and all the federal reserve banks. the dallas tends to look for independent thinkers and the boston federal certainly want to find someone as strong as erick. he was carefully listened to, very independent thinker and always spoke last of all the presidents and when he spoke, he would sums are everythi

. >> reporter: howie caplan owns the howl and wolf.her with music. >> we can fit 1,200 people in here. that's what this is. we're a live music venue that does brass bands and events. >> reporter: in the aftermath of hurricane ida they're using food to accomplish that same goal. >> these guys aren't just the chefs, these are managers. these are cooks. these are bus boys. these are everybody. we get folks working here from 20 different restaurants over the last few days. >> reporter: truckloads of bread, produce, and proteins have been donated by restaurants and markets that were unable to keep things cold. mike desemina runs several of those restaurants. >> we jumped in and started. you know, started cooking. that's what we do. >> reporter: lines of people show up for food starting at noon, and it's not just for families that live nearby. >> thank you -- >> reporter: we saw national guard troops, police officers, and utility workers. how's the food? >> it's awesome. >> reporter: people in louisiana are anxious to get their power back on

arthur caplan is a professor and he says the focus needs to be shifted toward those who are vaccinated>> for too long we've allowed the rhetoric of my body my choice, my right to decide what pandemic response particularly in the u.s. and i think that president biden has finally stood up and said enough. i've been arguing for months that we have to shift the ethical focus away from the rights of the unvaccinated, the willfully unvaccinated, toward the people who are doing the right thing. the way to reward vaccination is to make sure that you get your liberty, you can, would, you can go to recreational activities, you can go to school, you can visit with friends and neighbors. if you don't vaccinate, i don't say that we should force you to sit down and have the vaccine police administer a shot to you, but you lose your right to go where you want. or to put it quite simply, critics of vaccination have it backwards. it is not their body their choice, it is their choice that leads to the loss of freedom for their body. >>> kentucky is suffering one of the most devastating covid surges in t

with me is fred caplan author of "the bomb, president generals and the secret history of nuclear war., specifically and this is something you write on. what exactly, based on the reporting now from the book which you and i have both read at greater length than some of the articles about it, what did milley do to inject himself into that nuclear process? >> there's been hype about this both in the book and the press coverage of the book. let me just say very quickly how the nuclear process works because most people don't know this. the president doesn't have a button that he pushes. somebody comes in with a big briefcase and has communications gear and code books. he sends a message to something called the national military command center in the pentagon headed by one star general. he authenticates that, yes, it's me. here is my proof that it's me and i want you to do the following. he's the only person who makes this decision. however, there is a protocol where a few officials are in on the consultation about this, including the chairman of the joint chiefs of staff, secretary of defe

robert caplan, actively traded individual stocks, those are actions that he would take a spokesman for, said quote, he made sure his personal saving and investment transactions complied to what was permissible under federal rules. and the fed received municipal bonds. they were a small part of his overall portfolio. they were held while the fed last year bought $21 billion in minies, includic in the state of illinois, where he held bonds. powell had no say over the fed's individual bond purchases and no say over theinvestments in his family's trust a fed ethics officer found the holdings did not violate the ethics fed rules and barkin held between 1.35 and $3 million in bonds in 2020, and last year the fed bought 46 billion of bonds overall none of the holdings or trades appear to be barred by fed's ethics rules but the question is should they have been barred from buying -- the fed's code of ethics, quote, officials should be careful to avoid any dealings or conflict that should be even an appearance of conflict of interest between the system and the public interest. and saying cnbc t

they say caplan's moves are in move with other fed moves.t rules and you do want some market experts to balance out the academics on the committee. >> used to handle the finances of a st. louis foed president and i would say listen, we have to buy kimberley clark maybe we ought to buy ford motor paper. and he said do you know who i am i'm a fed president. i buy treasuries and that's all i will ever buy. well, robert kaplanall stow worked at goldman sachs. and it's that he brings his affinity for the equity market, right? >> kaplan -- and times have changed. i think that disclosure is safest maybe you think i'm kaunlt rudictory. but i got screamed at by a fed official for even thinking about buying -- >> was a long time ago, different world. before ceos took to twiter to chastise the sec >> didn't musk >> yeah. what an insult >> we will get to stop trading with jim in a moment but f torhe moment dow's up 16 you sure you want to leave that all behind? yeah. stay restless with the rx crafted by lexus. experience amazing at your lexus dealer. al

. >> you talk about your lululemons more than i talk about mine i probably have more >> if caplan is in trouble for opening up the fed spigot. you are invested. >> they are on my legs. >> skin in the game you mean >> yes >> a conflict. >> we have to give him a tough interview. >> okay. >>> ukraine. the latest country ukraine and el salvador. who else do you need the latest to legalize and regulate bitcoin in the past, the authorities have treated cryptocurrency as a scam and often confiscated equipment without new grounds. the new legislation gives crypto owners protection against fraud. the ukraine law doesn't facilitate the use of crypto or put it on an equal footing with the national currency. it will open the cryptocurrency markets for businesses and investors by next year by 2022. i can give you a list of countries that have currencies where -- shells would be better. of course they will say bitcoin is better. the currency is 800% inflation there are places where, you know, little beads >> you have seen the $10,000 bill or local currency >> zimbabwe was $100 billion you can get

and nyu school of medicine of the -- and arthur caplan of the nyu school of medicine, founding directore division of medical ethics. appreciate your time. thank you so much. guest: thank you. much. about an hour left in our program. up next we will turn to the congressional democrats proposed tax plan to pay for their various pending proposals. will be joined by the wall street journal's richard rubin for that discussion. later nbc 4 washington investigative reporter scott mcfarland joins us to discuss the latest on the january 6 investigation and the prosecution of suspects. we will be right back. >> live wednesday at 10:00 eastern, olympic and world champion gymnast simone biles, mckayla maroney, maggie nichols, and aly raisman testified before the senate judiciary committee on the fbi's handling of its investigation into larry nasser, former gymnastics position and convicted sex offender after the fbi director found the agency failed to investigate reports he was assaulting young athletes. michael horowitz and fbi director christopher wray will appear before the committee. watch our