that's what people did in mesopotamia.'t weigh out pieces of silver but put things on the tabs and had interest fluctuating interest rates. you make the argument in the book that the reason we invent writing essentially is to keep track of who owes who what? >> exactly. the thought that credit bubbles are not new and debt hangovers are not new is a really profound one. it does feel like we are living through this crisis. we had this great graph that we spent half of yesterday tracking down. the data is hard to find. it showed us household debt to gdp ratio. it shows two peeks. u.s. household to gdp reaches 100% in 1999 and never reaches 100% again until 2007, on the eve of the next crash. the reason i want to show you this chart is because i think this connects to a story the tea party tells about debt that i want to get your response to. it tells a story about debt that is very appealing and about virtue. they say, when moses went up and left the israelites who turned to paganism, we had this period in the credit bubble w

back with war stories mesopotamia start but now it's sports needs with union and there were fast getting down to the business end of matters in the tennis season we are indeed carry all those rockets being hung up in the women's game especially just. for me about the w t a end of season championships in istanbul we're going to have a look at who they are in just a sec. thanks for joining us this is sports and a plenty ahead over the next ten minutes or so in getting the stories in for. title contenders refer to carla seekers his first win as stand in manager a two one the rough start victory also ensuring his side will be one of the top eight teams fighting for the season's crop. hopes dashed there will be no turkish delight for a beer is the w t a championships with russia's last representative in istanbul calling the semifinal stage. podium dreams we catch up with the monday churman to secure russia the first ever elliptic triathlon medal next. let's get going with football where it was touch and go but on g. help ensure a deal in the russian premier league regular season an eighth pos

you see mesopotamia, clean slate start over, all debts are canceled. commercial debts would often be left aside the consumer debts wiped out which we believe is another version of the same thing. the point alloys make is that you know, if aristotle were somehow put in a time machine and naturally transported to hear, he would probably think the distinction between selling yourself to work for strangers and renting yourself to work for strangers is some kind of a legalistic distinction. he would look at americans and say these people are desolate. i think they social crisis everybody is terrified for much of human history is happened to us and we have made up his language for what people used to think of a slavery is now called freedom. [laughter] [applause] that is what is happening and i think the old-fashioned remedy might be exactly that. >> where would you advise people to put their money today? [laughter] and what you think of the current wall street social protest? >> where to put your money today? [laughter] i don't think i'm getting paid enough