john allison from the cato institute has suggested we abolish central banking on the fact racist and private money based on gold, energy may do here of the. rarity have a system of private money because the difference between the tanks taken his deposits and what they choose to blend out is indeed private money. history shows collectively pay sometimes make the wrong call on how much money to create, even when the individuals banks at the rate decision for them. and the century or so before the fed was founded, the u.s. experienced five major paybacks with smaller ones in between. the panic of 1873 coincided with the bursting of the bubble. for instance, a global recession lasted for nine years. i'm skeptical of the idea that eliminating central bank and management of the economy is the answer to our problems, not least because the global financial system is in that they work on plaques in the 1870s. in the book we go back further to look at the whole panorama of financial crises from tulipmania to the tech bubble and it becomes clear the constant is not central banking or deposit in

john allison from the cato institute suggested that we abolish central banking and deposit insuranceove to a system of private money based on gold, an argument that you hear occasionally on the right but in fact we already have a system of private money because the difference between what banks take in and deposit and choose to lend out is indeed private money. history shows collectively banks sometimes make the wrong call even when the individual banks have the right decision for them and in a century or so before the fed was founded the u.s. experienced five major banking panics with numerous smaller ones in between. the panic of 1873 which coincided with the birth of the railway bubble triggered a global recession which lasted nine years so i am skeptical of the ideas that eliminating central banking and management of the economy is the answer to all our problems, not least because the global financial system is infinitely more complex than in the 1870s and indeed in the book we go back further and widen our perspective to look at the panorama of financial crises from tulipomania

john, diana. the magnitude of this tragedy is so enormous, investigators are still compiling thousands of pages and interviews about what happened. but today is about remembering the victims. >> allison wyatt, age 6. >> reporter: six months later, the loss is still incomprehensible. >> gracie mcdonald, age 7. >> reporter: 20 first graders, 6 educators murdered at sandy hook elementary. the families of the victims are now fighting against fading memories. they're using the anniversary to renew a push for new gun control laws. >> we're not going away. this heartbreak that i carry, this life sentence that i have, no one should ever bear this burden. >> reporter: the families' emotional pleas have been unable to move congress. a senate bill to expand background checks stalled earlier this year. proposed bans on assault-style weapons and high-capacity clips are off the table. >> our hearts are broken. our spirit is not. >> reporter: top lawmakers say they are gearing up for another push to expand background checks. the group mayors against illegal guns, today joins the campaign with this bus, painted with the names of victims of gun violence. still, opposition remains strong. the road ahe

allison got these four points from blank. i think this was a factor. they were from undecided voters who thought really? he says that stuff in private. >> johnsible, and you might wind up being a hero for the kentucky party down the line. but in the meantime, curtis morrison, i thank you for your time, and i wish you the best of luck. >> thank you john. >> john: sexual assault in the military. a crime that transcends gender. that's coming up next. you know who is coming on to me now? you know the kind of guys that do reverse mortgage commercials? those types are coming on to me all the time now. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. you would rather deal with ahmadinejad than me. >>absolutely. (vo) she's joy behar. >>and the best part is that current will let me say anything. what the hell were they thinking? (vo) later tonight current tv is the place for compelling true stories. >> jack, how old are you? >> nine. >> this is what 27 tons of marijuana looks like. (vo) with award winning documentaries that take you inside the headlines, w