john mader and keynes noted this at one point to ge or most of ge, that sounded just fine.he milk cow was content with the government. the tennessee valley authority the big client was the essence of government project and ge executives at the top like to very much. and ge found that tva was one of its biggest customers. they didn't mind serving the space program. unions existed by virtue of very strong union law and they demanded big pay packages. social experiments by the federal government. american business could pay that. maybe expansion of healthcare, the u.s. could pay that or perhaps a longer leave for young parents. that's just a joke. something like a longer leave for young parents in the early 60s we could pay that too. heavy unions we could pay any load. stalin was said to have joked that the only country rich enough to afford communism was the united states. [laughter] why should it not be true? why should it not be true? in the 1960s just some benchmarks for you, the dow jones industrial average was approaching a record level of 1000. it seemed only a matter o

one of the deep questions we should think about is to quote john mader and kings. run we are all dead. the future is where we go to br kerrick archivist at full also defeats. >> it ended on a super bleak note. i'm in a bleak mood, it's a bleak time right now. for the benefit of america's wonderful television system c-span, which we could not be more tickled about. we will be on c-span book talk which is one of my favorite things in the world. it's good to be us and congressional testimony. it's drawing a line something out speaking about when you showed you were at the libertarian gathering in new hampshire and there's only specific coins or specific coins have certain values. if you go to certain countries they will only accept american dollars. or only $20 bills in certain years. anything prior to 2009 or something there's like this weird line between if you have power and you don't have power and the different uses of money and the different values we place on it. i think there's two dimensions to this question that are especially interesting to think about in t