from the chicago school, of course, there would be gary becker. he's getting thereupon in age. he must be 80 years in age. as far as young people that are coming up, maybe some people at the george maison university, which is a hot bed of us a tree began economics there are young people coming up writing columns for the nighttimes and so forth. thomas is in his 80s. it's hard to say. my book is one of the more popular textbooks now and so i teach and so forth. so i've been on the of it shows and stuff so maybe i'm playing a little bit of a role. it's freemont always said that he stood on the shoulders of giants. as isaac newton said. i feel the same way. i benefited so much for all the great economists who have come before me. >> you said you teach. where are you currently teaching? >> i'm actually teaching at mercy college teaching a program at sing sing penitentiary, believe it or not, i was teaching at colombia university. , and teaching the best and the brightest. i'll tell you what, i teach in maximum security prison. they are all male. 25 students i teach economics and bu

gary becker. >> there are people who say that because the abr rights are random, medical facts.elieve that. >> board officials incest insist there's no reason that has led to qualified doctors who must pass a rigorous oral exam. it seems like there is and should be a higher standard. and i adpree with you and that's why the abroes not want to tolerate this behavior. i think recalls are cheating and it's inaproep ralt and the abr isn't going to tolerate it. >> that may be so. b they say it's been going on for so long, it's difficult to stop. any resident who speaks out may find few friends cop test day. >> so it's not winning to help them pass the exam. and culture of that particular training program is everyone does it. and that particular person can be singled out as a social outcast. >> that brings us back to dr. matthew web who tells us that's exactly what happened to him. he says he's been shunned by fellow residents. and he was fired after something unrelated to the recalls. he was reprimanded for making sexual comments to another doctor and for other conduct unbecoming an

gary becker is the american board of radiologists executive director. >> we heard about these recall,s come out of the test, write down 20 questions here, you take the next 20 questions. they almost sound like well organized schemes to skirt the very certification you're trying to insure. >> i don't think we know how well organized they are. we have inferential evidence. >> isn't it cheating? >> we would call it cheating. our exam security policy would call it cheating, yes. >> now, for the first time in more than ten years, the board is revamping its entire testing procedures, at the same time cracking down because so many certified radiologists may have gained their certification, at least partially, because it was so easy to cheat. about half the questions on the annual radiology exam have been recycled from a large pool of old test questions. >> we take it seriously. because when we put the stamp of certification on an individual, that means the public has trusted us to do so. >> from any of the investigations or inquiries you've done, you don't really have a sense how long its a

and set them up with people like you or nino scalia, or gary becker, a nobel lauriate or the washington post to meet and get an understanding of the united states. >> greta: i gave them "on the record" hats and they walked out to return to their countries with the hats. i thought, they looked good in them. you can see our full interview with secretary rumsfeld at gretawire.com. straight ahead, it is a question everyone wants answered -- who will governor mitt romney choose as his runningmate? time's running out. tone, are there new clues? dick morris is here to talk about the veep states. if this were a hurricane, these winds would be a category 5 t. governor mitt romney is swinging back at harry reid. this isn't pretty. there are new developments in the latest feud, coming up the capital one cash rewards card gives you a 50% annual bonus. and everyone likes 50% more [ russian accent ] rubles. eh, eheh, eh, eh. [ brooklyn accent ] 50% more simoleons. [ western accent ] 50% more sawbucks. ♪ [ maine accent ] 50% more clams. it's a lobster, either way. [ male annncer ] the capital one cash

gary becker, executive director of the american board of radiology. >> there are people who say that the abr writes our cay yan questions or random medical facts. obviously we don't believe that. >> board officials insist there's no reason to believe the widespread use of recalls has led to unqualified doctors because they must pass an oral exam. >> these are doctors. it seems like there should be and is a higher standard. >> i agree with you. that's why the abr does not want to tolerate this behavior. >> do you think it's a big deal? >> yeah, i think it's a big deal. recalls are cheating, and it's inappropriate. the abr isn't going to tolerate it. >> that may be so, but residency program director, like dr. king lee, who doesn't endorse the use of recalls, says it's been going on for so long it's difficult to stop. and any resident who speaks out may find few friends come test day. >> so if a particular trainee is not willing to actually use recall to help them to pass the exam and the culture of that particular training program is that everyone does it, then that particular person c

gary becker, freeman, and all those guys. i grew on those ideas. i grew up with an attitude and interest in economics. when you get into public policy, the whole idea is to try to apply those principles and a busted to the problem of the time. it is not as if we have to reinvent the wheel. we know what ideas of built this country. freedom, responsibility, limited government, self-determination -- all of those things made as great. they will continue to do so, we just have to reapply the founding principles to the problem of our time. that is what we try to do in the budget. and we will be fine. that is what we've -- what makes me sleep soundly at night. i think americans want america and that another country. it is the mentors and writers that have inspired me. i am a big church no fan as well. we're kind of the that moment right now. it is dead. i think we will turn it around. i really do. i think this country is not done with exceptional listen. thank you. ism.xceptional was s [applause] [captioning performed by national captioning institute] [ca

and set them up with people like you or nino scalia, or gary becker, a nobel lauriate or the washington post to meet and get an understanding of the united states. >> greta: i gave them "on the record" hats and they walked out to return to their countries with the hats. i thought, they looked good in them. you can see our full interview with secretary rumsfeld at gretawire.com. straight ahead, it is a question everyone wants answered -- who will governor mitt romney choose as his runningmate? time's running out. tone, are there new clues? dick morris is here to talk about the veep states. if this were a hurricane, these winds would be a category 5 t. governor mitt romney is swinging back at harry reid. this isn't pretty. there are new developments in the latest feud, coming up n't ms four course seafood feast choose your soup salad entrée pls dessert! all just $14.99. come into red lobster and sea food differentl visit redlobster.com now for an exclusive $10 coupon. good through august 5th ♪ [muc plays] ♪ [music plays] gives you a 50% annual bonus. and everyone likes 50% more [ russian

in a recent block post nobel laureate economic gary becker addressed the question of whether raising taxes on high-income earners is a very good idea. in his post, professor becker entertained arguments. these were arguments by the supporters of the tax increases, by hypothesizing that there is a 50-50 chance that higher taxes on the so-called rich would damage the economy. of course i believe, as do professor becker, that in reality his chance is much higher than 50-50. however, even granting the other side this generous consumption, he concludes the benefit of taxes was outweighed by the potential damage they would cause. according to professor becker, even if richer individuals only slightly reduced their work hours and reduced their effort at work, the gain in tax revenue from these individuals would not be great. in contrast -- quote -- "the cost to the economy in the chance that higher taxes greatly discourage their efforts is likely to be substantial in terms of fewer hours work and less work effort by high-income individuals reduced incentives to start businesses, less invest

professional mentors, my mom, a big mentor to me, and i was a big reader when i was younger, i he'd hayak, gary becker friedman and all those guys, i grew up on those ideas, and i grew up with an aptitude and interest in economics and when you get into public policy, the idea is to aapply those principles and less less kwr-pbs to the time. it's not as if we have to reinvent the whaoe. we know what ideals built this country: freedom, responsibility, limited government, self-determination, all of those things made us great. they'll continue to do so. we just have to reapply the founding principles to the problems of our time. that's what we try to do in this budget. and we're going to be fine. so that's what makes me sleep soundly at night because i really think americans want america. and i don't think they want another country. and so it's those mentors and those writers that, you know, really inspired me. i'm a big churchhill fan and we're in a church hillan moment. it's not an external threat, it's an internal threat. it's debt. and we'll turn it around. i really do. this done is -- this country is