would have discipline, we would have intrinsic value in our money and we wouldn't have all these big makarov and mcginn and balances. the government couldn't run up this debt if we had to repay it so the government would be much smaller if we had a gold standard. that's why the politicians oppose the gold standard if we want to grow and leslie it protects individuals from the growth that's why they put on the gold standard from usurping power. >> isn't our entire economy based on consumer spending? bergues based on the production going on in other countries. you can buy something that's been produced. you have to produce it before it can be consumed. the economy is based on production and supply and it comes from the under consumption savings investment and right now what's keeping our economy afloat is that the rest of the world as lending us money and resources but this can't last indefinitely because it is like a ponzi scheme because we can't pay back all of the money that we borrowed and eventually or foreign suppliers and foreign creditors are due to figure this out and cut us off and t

as a makarov economist, i would say i found the data to be somewhat cheering.w a little more optimism. i would like to see more optimism than that. but you know, be confident and a lot of uncertainty has been a headwind for the economy over the past several years, and i think that we should be happy that any improvements we see and consistent with poles with consumers and consumers as well. just a little more confident, and i can we really need that to support our economy going forward. you know, there's this self fulfilling cycle you can get into when it comes to confidence. people think the future is going to be better than they are more welcome to go out and spend. >> did it surprise any of you? >> i wasn't necessarily surprised with the optimism. people are starting to feel like it's going to get a better for them. and that's a shift - we've seen basically in the second half of last year this past year where there's been some sense that the economy is getting better, but it left people behind and now i think people are feeling like their own economic condit