way to be so that fundamental difference is where he's going to sort of push back i disagree with kirkman i think that sovereign debt does influence the economy i think it does influence investors i think it does influence the way capital is allocated and right now we don't have an economy that's allocating capital towards a robust development of new businesses that are going to be for the twenty first century we're much more focused on how to grow the economy in two thousand and fifteen than we are in thinking about what's necessary for the economy to grow in twenty twenty five and twenty fifty and think why are we in a situation where the fed the e.c.b. the bank japan the bank of england and the swiss national bank have policy rates at or near zero and growth just still isn't taking off is it a case of the wrong tools or are things that bad. well we're in this place because this is how governments decided to respond to the global financial crisis sort of kicked off in two thousand and seven and supposedly wound up and ing in two thousand and nine and policymakers sort of got themselves

i asked so that fundamental difference is where he's going to sort of push back i disagree with kirkman i think that sovereign debt does influence the economy i think it does influence festers i think it does influence the way capital is allocated and right now we don't have an economy that's allocating capital towards a robust development of new businesses that are going to be for the twenty first century we're much more focused on how to grow the economy in two thousand and fifteen than we are in thinking about what's necessary for the economy to grow in twenty twenty five in twenty fifty suppose it used to be that it will have a homeowner whatever thirty percent of their and they could buy a seventy percent and limited. rights you know how much could be paid but you know by two thousand so. haven't two thousand and eight people can buy homes without putting any money down at all and the banks didn't even ask for amortization you have to pay off a mortgage in thirty years so the entire rental value either a rental value or if you're all mine or so of the rental value of already you kn

department about the atmospheric sciences at the university of miami rosenstiel school professor kirkman welcome. thank you happy to be here thanks for joining us you are one of these scientists in florida who wrote the letter to the governor what provoked that. well i'm i'm honestly you know i live here in miami i'm honestly concerned that we want to make sure our local governments have the capacity to respond to the threat of climate change and rising sea levels and one year state government doesn't acknowledge that climate change is happening in and seas are rising it makes it very difficult to convince your local residents that you need to make those necessary investments and so i think i think we we have to convince the state government in the governor that this is a real problem and we need near real near term solutions and long term solutions and the only way to do that is for for people to acknowledge the problem is miami or the rest of florida or other parts of florida are already being impacted by rising sea levels as a result of global at oia absolutely we see that in in miami