of. >> carmen reinhart is the co-author. i think it is safe to say that book, turn on the screen, i think that it is safe to say that book is really the most influential, serious, academic book that i can remember in my lifetime in the economic sphere. it has been a huge success because it has so much wisdom. some wisdom might be an interesting thing to bring to this session. looking at past history as being a crisis of capitalism that motivated. the start of this book, a very common experience. recently appointed as the senior fellow at the peterson institute for international economic association turning as in the thinktank community after being a professor in maryland for many years. >> thank you for that wonderful introduction. that me begin by saying that i share much of the diagnosis and much of the proposed cures that i laid out in this book. i will delineate where my thoughts : and also where my thoughts depart. i think we have greatest departure on monetary policy and more broadly defined financial sector. at the be

carmen reinhart is the co-author of this time is different, eight centuries of financial folly. i think it's safe to say that book is -- turn on the screen, chad. yeah, there we go. i think that it's safe to say that book is really the most influential serious book that i can remember in my lifetime in the economic sphere. it's been a huge success because it has so much wisdom of history in it. and i thought some wisdom might be an interesting thing to bring to bear to this discussion of looking at past history and seeing whether, you know, the crisis of capitalism that motivated in part the start of this book is a kind of common experience in past crises. carmon was recently appointed as the dennis weather stone fellow at the peterson institute for international economics so she's joined us here in the think tank community after being a professor at the university of maryland for many years. carmen? >> thank you for that wonderful introduction. well, let me begin by saying that i share much of the diagnosis and much of the proposed cures that are laid out in this book. and i wi