economy that level of profit is so high compared to historical average before maggie thatcher came into power that servicing the debt names people don't have enough left over to invest or to buy things on credit on the scale they would otherwise do so you have deficient demand and a slanted stagnant economy well obviously e.u. regulations may compromise governments trying to get to grips with that perhaps a little and does that mean the brics it could open a great future for britain it's one reason i was in favor of bricks and not because i thought of the good old bad necessarily for the u.k. economy but i see the european union as being biased on a set of insanely bad economic concepts and a major one there was a belief that the government debt should not exceed sixty percent of j. and the deficit should never be larger than three percent of g.d.p. and the belief is that she of those targets that have a stable system now the only country that actually managed to achieve that was spying and well how to achieve that was because while they were obsessing about we were losing reducing gove

reagan, they viewed him as an outsider even though he was a politician, even a abroad, i mean, maggie thatcherent of the torrey party, the conservative party in england. is that what's going on here, or is there something else? >> well, there's no question that donald trump's arrival in the party has put a lot of strain on that party. you know, in terms of policies, by the way, and policy differences not to mention his style, president trump's style. jeff flake, when he was on the floor, mentioned two issues in particular, immigration and trade, on which he vastly differs with the president and where trump's positions are a lot more populist than traditional republicans like flake. i think the question that has to be asked of guys like jeff flake though is in light of the influence of president trump now exercising on the party, do you bow out like jeff flake did, or do you stay in the party and try to pull it back in the direction that you'd like to see it go. now, jeff flake had to make his own decision. he's decided that he's done with the senate. but there are other republicans that are pu

reagan, they viewed him as an outsider even though he was a politician, even a abroad, i mean, maggie thatcher the conservative party in england. is that what's going on here, or is there something else? >> well, there's no question that donald trump's arrival in the party has put a lot of strain on that party. you know, in terms of policies, by the way, and policy differences not to mention his style, president trump's style. jeff flake, when he was on the floor, mentioned two issues in particular, immigration and trade, on which he vastly differs with the president and where trump's positions are a lot more populist than traditional republicans like flake. i think the question that has to be asked of guys like jeff flake though is in light of the influence of president trump now exercising on the party, do you bow out like jeff flake did, or do you stay in the party and try to pull it back in the direction that you'd like to see it go. now, jeff flake had to make his own decision. he's decided that he's done with the senate. but there are other republicans that are pushing back, and that is

david: you don't feel sorry for maggie thatcher and she could have taken control of that situation particularlye heckler. jonathan: she did not want sympathy. she wanted to be a hard individual to negotiate with europe in the toughest possible way. things have changed radically. alix: you got have some improv, some fluidity in these situations. that was a comic moment and she didn't. especially the coughing. i want to talk about the digital currency. bitcoin is dangerous and dubious according to the e.c.b. governing council. it discussed restricted coin offering. if everyone is freaked out about bitcoin, is that a contrary indicator? david: it shows the it's important. you get china and south korea and now the e.c.b. leader, it must matter. alix: they're scared. jonathan: if you go to the austrian central bank in vienna, you walk in and you take a right and in reception, it is available for the public's going to see. there is a bar of gold in there that you can reach your hand into and touch. so in austria, they are very much about hard currency and things like gold. alix: like paper currency.