john cochrane. well, you can have a different name and to be memorable in that way anyhow, i'll share a few thoughts, maybe fill a data point or two that the john cochrane probably just didn't have time to get to. and then talk a bit about. the great depression, where i think our conversation is going next. so mr. charles opened our panel saying that there's a myth that the 1920s exuberance you often hear caused the great depression. it was a necessary correction, that of this sort of out of control environment, both in the way people lived and the way they invested and way that they ran their businesses in their lives, had cause of crash. and that was the retribution for the irresponsibility of the era. well, the evidence doesn't really seem suggest that out, but the myth continues. in fact, just just the last day or two, i saw a tweet from a well-known tweeter, and it said those who praise calvin coolidge remind me of a story of the man who jumped of the top of the empire state building. and as he

john cochran remembered that episode and said in his closing arguments, if it doesn't fit, you must acquit. another spectacle of the '90s, clearly, was that of the impeachment and trial of bill clinton in 1998 and 1999. clinton was the first u.s. president, elected president, ever to be impeached and put on trial. he was acquitted at trial before the u.s. senate. but the spectacle was unprecedented. he faced charges of obruction of justice, of perjury, stming from his inner minute affair with a formerntern 27 years his junior. he was acquitted, as i say, but the former intern, monica, was shamed and shunned. and only in recent years has she emerged from the shadows. the case had the effect of deepening partisan divide, partisan bitterness in the country. those divides, those cleavages have become only more pronounced in the years since the 1990s. so, this partisan rancor in some respects can be traced to the clinton spectacle, a spectacle of impeachment and trial for a sitting u.s. president. there are more spectacles of the '90s, too. cases of terrorism, including the oklahoma city bombin

i'm john cochran and i'm skilled at getting my hand up first. like you.i have always believed philosophy fiscally and local government the wonders of being close to the electorate and its responsiveness. but i grew up in chicago and now i live in california and all i got to do is look out the window and it doesn't give tremendous faith in the competence, effectiveness and downright honesty of officials in the major function of the federal government. chicago is to regularly in jail aldermen, not a mayor yet. we're working on it. and that's why. so that's why i mentioned i served 12 on in that year that but i would just hope for you to revive my faith what can we do that local and state government can become responsive, effective and not the sort of cesspool that it is, at least where i've always lived. remember, every one of those governments was elected the people and if they want if you know the people have stop allowing themselves to be bought by the heroine of programs, you know it at some it was mentioned earlier today that education is important edu

i think john cochran in the last panel had a very good point about how coolidge did not get in the way. there could be five or 10 or 100 good books written about how politicians, and especially regulators, will see some favorable trend happening and try to get in front of the parade and screw it all up. i will give you a couple of examples. we could have had cell phone at least 15 years earlier than we got them. but for federal government regulations that prevented the market from emerging. my favorite story that almost no one knows. you go to the late '70s. is about halfway between today and the age of coolidge. fax machines were starting to be commercialized. it was slow, expensive, and clunky. you could see it would change the nature of the way officers work, but couriers out of work and so forth. the post office shows up in the frederick medications commission and says, in the law we have a monopoly on the transmission of all first-class mail. and these fax machines will be transmitting mail. therefore, fcc, you should restrict fax machines to be only installed in post offices. to

you know what i think john cochrane in the last panel made a very good point about how coolidge get in the way. there could be five or ten or 100 good books written about how and especially regulators will see some favorable happening and then try to get in front of the parade and just screw it all up. i'll just give you a couple of examples from some of you young people in the audience and some an old guy. you know, we could have had cell at least 15 years earlier than we got them. but hidebound federal government regulation that prevented the market from emerging and favorite story that almost no one knows. and i really need to write this up in a more prominent way than i ever have. you go to the late 70. that's about halfway today and the age of coolidge and the fax machine starting to be commercialized and. it was slow and expensive and clunky. you could see it was going to change the nature of the way offices work. but couriers out of work and so forth. the post office shows up at the federal communications commission and says, you know, in the law we a monopoly on the transmissio

john, thank you for that. >> well, in the east bay, many headed to 8th annual kids, a music event at the cochrane library lastchildren got the opportunity to explore the magic of music with free lessons from a local nonprofit that urges kids to play with guitars and not guns. >> provide free but her lessons in an 8 week program with qualified teachers during the 8 weeks, the kids sign a contract that first night they're going to come to the classes. they're going to practice most important and we're going to take care of the guitar. and then at the end of the week, stick to keep the cutoff for. >> it's ours. not guns is an international organization that got its start in san jose in 2000 following the columbine shooting massacre. organization makes a special effort to reach out to foster children at risk youth. they're also looking for volunteers to continue to spear spread that free guitar lessons across the bay. a late night talk show host are back after being pause for 5 months. well, that includes stephen colbert, jimmy kimmel, jimmy fallon. they were off the air soon as the hollywood writers strike start