ken rogoff is a professor at harvard university and the former chief economist at imf, and ryan is a cnn political analyst and a columnist for "the new yorker." family fudz over money can be brutal. i mean, this family feud over money is really, really starting to get interesting. this really caught my attention. here's what the house speaker said about outside conservative groups blasting this deal. >> they're using our members and they're using the american people for their own goals. this is ridiculous. if you are for more deficit reduction, are you for this agreement. >> is this little, i don't know, civil war breaking out in the republican party the newest threat to the -- to this government bipartisanship? >> well, i think what we saw this week -- that was an mazing moment. we saw john boehner basically taking control of the republican caucus for the first time since january 2011 when he became the speaker of the house. he basically -- look, the vote was huge. it was an overwhelming majority of republicans supported the bill, which is not the case in these previous deals, so he

he taught a course in which i was a student and ben bernanke was a student at the same time and ken rogoff was a student. olivier borchard of the imf, 14.462, graduate monetary economics. they give courses numbers. >> what happened in that course that made you decide that maybe you would become an economist and then the youngest tenured professor at harvard? >> by that time, i was already on my way to becoming an economist. this is a graduate course. but what i learned in that course and saw more clearly in that course was that these decisions that people make, like the quantitative easing decision, like adjusting the federal funds rate, they are not just abstractions that affect finance. but when those decisions are made well, tens of millions of people live well. and when those decisions are made poorly, tens of millions of people have their lives disrupted by forces they can't begin to understand or relate to. so it seemed to me that there was nothing more important one could do than try to contribute in some way to making those decisions in more wise ways, whether those were exactly de

ken rogoff is a professor at harvard university and the former chief

course which i was a student and which bernanke was a student at just about the same time, that ken rogoff was a student. the olivier blanchard, now the chief economist of the i.m.f.. 14.462 graduate monetary economics. >> rose: why is that numberd? >> it was m.i.t., they gave the courses numbers as much as names. >> rose: what happened in that course that made you decide maybe you would become an economist and then the youngest tenured professor at harvard? >> well, by that time i was already on the way to becoming an economist but what i -- what i learned -- >> rose: as a graduate? >> this was a graduate koushsz. but what i learned in that course or saw more clearly in that course was that these decisions that people make, like that quantitative easing decision, liked a justing the federal funds rate aren't just abstractions that affect finance but when those decisions are made well, tens of millions of people live well and when those decisions are made poorly, tens of millions of people have their lives disrupted by forces they can't begin to understand or relate to and so it seemed to