and those of you who$x didn't agree with charles murray can feel free to disagree. all we do is thought experiments. we don't take positions. so there's more to it even than the skewed incentives. the system of corporate governance is weak. and so is the compensation system. i'll be very brief on the corporate governance thing. you know, was it 1933 or '36 which when they wrote the great book pointing out the dangers of separation of ownership from control. john says it's 1933. i could check my notes and find out. actually, it was 1932. it meant that the managers of a company were essentially free from control of the owners of the company. and this creates what economist call a principal agent problem. the principal was the owner, the agent is the manager, and the agent is not under the control of the principal and he can do things that he could not do if this were let's say a family enterprise. and they did things. they did a lot of things that they would not do. compensation being the principal one. the compensation was essentially unreviewed by the owners of the

i'm here to stimulate thought, to open discussion, to do what charles murray calls a thwart ex. -- experiment. that means i don't really mean it because it was a thought experiment. that's really true. james buchanan wrote it's helpful to take bold charges. i plan to do that. second, i mean no disrespect for the great proponents of limited action in the economic sphere. but they lived in a society that no longer exist. adam smith and others. he wrote at a time when shame was a break on economic behavior. when transactions often occurred between parties on representational capital which is a concept unknown. it was the most important asset. that was then, this is now. i don't think we can waiver our copies of the wealth of nations who would expand the role of government and expect that academy to have the force of waiving at a vampire. in fact, smith, if you read him, was quite an exponent of significant government action. he would rely on markets of the sort that we no longer have. the markets that now function. nor can we rely on the religious rerival. ahead of goldman sachs argued he's doin

a man in washington state was charged today with threatening to kill democratic senator patty murray. charles alan wilson, who is 64, is accused of targeting murray over her support for health care reform. he allegedly left voicemail messages at her office in seattle, saying, "it only takes one piece of lead." f.b.i. agents said wilson is a registered handgun owner, and has a valid concealed-weapons permit. it was a mixed day on wall street. the dow jones industrial average lost more than three points to close at 10,970. the nasdaq rose seven points to close above 2436. the duke blue devils spent today celebrating their new status as champions of men's college basketball. duke beat the butler bulldogs 61-59 for their fourth national title. a potential game-winning half- court shot by butler barely missed at the buzzer. the women's n.c.a.a. championship gets decided tonight when stanford faces the university of connecticut. those are some of the day's main stories. i'll be back at the end of the program with a preview of what you'll find tonight on the newshour's website. for now, back to gwen

is very noticeable about this is if you read the criminal complaint about charles allen wilson, the man who threatened patty murray, we repeats republican talking points. this bill is socialism, it's a baby killer and going to have end of life classes. his version of death panels. we repeats that. on the phone calls when he's threatening to kill her or have someone else kill her. what we see from the republican leadership, what they're saying, they can make their arguments on policy grounds, it's really fueling the fires out there. when you have republicans having -- we talked about this the other day -- having protest rallies on the hill that they sponsor when tea party and other people come and they call the democrats nazis, nazis, nazis and republican leaders like john boehner are waving to the crowd, they're encouraging people to think of democrats as either nazis, socialists and what do you do with people like that? sometimes, you take up arms against them. so this is being encouraged at least implicitly. >> it gets worse in terms of state officials. let me go to steve kornacki. the same point. the degrees of

what federal authorities say is this man is charles allen wilson did is repeatedly call and leave messages on the voice mail of patty murray. his staff notified the fbi, but around the time of the health care bill, the threats got more serious. from the message ins a federal indictment, he says if i had the chance, i would do it. talking about killing senator murray. i want to kill you, he says, not only do i say kill the bill, i say kill the senator. he also says, i would actually pay to help that person. he says he's not republican or democrat, he's just furious at her for voting for the health care bill. now, he blocked his phone number so if you you looked on caller i.d., you wouldn't see a phone number. >> okay, thank you. right now, we have to go to west virginia and a news conference on the deadly mine disaster. >> i'm going to ask everybody to continue to be respectful. to continue to be respectful. >> congresswoman, who gave you the right or authority to determine whether or not i have to purchase health care? >> wow, another direct question. do i have to buy health care? last week, a democratic congressman was re