dr. kaufman as we can. out this book. it is short and it is important. tectonic shifts in financial markets and may be the rename would be tectonic shifts in our central bank as well. with us is george -- your treatment and henry kaufman. were you called him mr. trump? are you considered on the fed? >> no. tom: what do you and mr. voelker talk about on this? give us some insight into where you stand. know, paul: as you volcker is about to write his memoirs, this just announced in the paper the other day. 1927.ou guys are he is just getting around to it now? dr. kaufman: i will encourage him to write it in a candid way because paul tends to be somewhat senegalese. he has a long history and many associations with many different people. it would be very nice to get the analytics of that. tom: single best chart, with a great honor to do this with dr. kaufman. his philanthropy to manhattan and new york has been really profound. the volcker years back here, down we go, the great moderation . here we are in paul kr

dr. spock and the reverend william sloane urged young men to turn in their draft cards. the reverend collected some cards and brought them to the justice department himself. -- indictmentsse charge kaufmanspock, and three others were arrested for aspiring to aid young man to evade the draft. this was the reverend's reaction. >> we welcome the indictment. what we want to do is to try and demonstrate that many aspects of the war and the law are really unconstitutional. i am disturbed to get letters who say how can a christian minister oppose the law of the land? these people seem to forget that one, from a religious perspective, never surrenders one's consciousness to the state. it goes through the entire bible. we must obey god rather than men. our puritan forefathers came to this country because they were dedicated to the notion that you do not surrender your conscious to the state. peter and paul were in and out of jail all the time. from a religious point of view, it is possible to say three things about law. one, that it is good. without it, creation would be chaos. therefore, the light reflects and doesn't reject this. which means that one is always trying to improve a law which mea