beyond that you have some of the problems that michael cooper pointed out earlier. just that as easy to do that kind of the now. >> in another part of that question. i was curious what your perspective voice. as michael points out of the book, the of illustration relief that congress draft a lot of the package and instead did. that immediately if claimed the existing in the between congressional democrats in congressional republicans. to you think the -- in retrospect it would have been more effective for the decision to put out a bigger market what it wanted? >> i'm not sure it would have turned out much differently. you are still somewhat inflate -- is a slave to the formulas. that is there. politically the get over a pretty tough part. it was the exact elect congress was like to get democrats and republicans to get behind this. politically it would have been tough. that said, you make a trade-off. i see it happen with the stimulus, the franc. the chatty view legislation over a bar with up dot the is and cross tees to leave some of the work to the regulators and l

beyond that, you have some of the problems that michael cooper pointed out earlier. it is just not as easy to do that kind of thing now. >> another part of that question. i can see what your perspective now was. as michael pointed out in the book. the administration really let congress draft a law of the package and then they stepped in and tweak it. congressional democrats and congressional replicants -- do you think in retrospect it would have been more effective to put out a marker as to the original role? >> i don't think it would've turned out as differently as you think. the formula is still there. i think politically, getting it over a top bar. it was not exactly like congress was lining up democrats to get behind it. i think politically it would have been as well. that said, you make a trade off. i have seen it happen with the dodd-frank act, the stimulus, -- when you try to get it over the bar, and you leave work to regulators and legislators are area. >> we are going to wrap up here. there is a question about why haven't we seen the [inaudible] -- supporting

beyond that, you have some of the problems that michael cooper pointed out earlier. it is just not as easy to do that kind of thing now. >> another part of that question. i can see what your perspective now was. as michael pointed out in the book. the administration really let congress draft a law of the package and then they stepped in and tweak it. congressional democrats and congressional replicants -- do you think in retrospect it would have been more effective to put out a marker as to the original role? >> i don't think it would've turned out as differently as you think. the formula is still there. i think politically, getting it over a top bar. it was not exactly like congress was lining up democrats to get behind it. i think politically it would have been as well. that said, you make a trade off. i have seen it happen with the dodd-frank act, the stimulus, -- when you try to get it over the bar, and you leave work to regulators and legislators are area. >> we are going to wrap up here. there is a question about why haven't we seen the [inaudible] -- supporting

library directors and foundations together for a more cooperation because that -- they'll all befit by, by working together. >> do you know michael beschloss. >> he is a good glend he is on the board. >> a member of the foundation -- >> when he visited the l.b.j.library he found a couple of jewels so to speak. literary jewel that is he use with johnson musing about how the war in vietnam was unwinnable. do you think you are going to find anything like that in the nixon papers? >> the nixon papers are being processed right new as we talk at the national archives in colle park, maryland. the papers and tapes they have been for years and years. >> is that vein been mined thoroughly? >> apparently the news media has -- there was -- >> i'm not take thinking about bad stuff. i'm thinking about good stuff. he did introduce china into a relationship with us and that could read down to his credit. >> i'm not thinking bad stuff. i think once you have the nixon library in the presidential system the focus can become more balanced and people can look a the entire press. michael has done that with johnson as well. >> a couple of month ago you

new coalition which finds a way to cooperate and help move the world back towards a more of a polar global monetary regime which historically has always been back michael as a really interesting and another thing that factors in here is inflation i want to talk about the role of inflation and encouraging any of these kinds of scenarios you know a popular justification for the run up and gold prices that we've seen is that the federal reserve monetary money printing is diluting the value of the dollar and so people are going into gold and that it's this dilution of the dollar and the purchasing power that will result in hyperinflation however that view seems to misrepresent how inflation works and today's monetary system a little bit because the majority of money is created not through central bank my printing but through the banking system through traditional means like fractional reserve lending also through the shadow banking system things like hypothecation so can you talk to me a little bit about what role inflation plays knowledge that and how you're even measuring inflation how we can do that. it was easy to get trapped into a never ending semant

misplayed his driver michael schumacher has topped the time sheets in friday's practice ahead of this weekend's chinese gone crazy but some time world champion was the only man to cooperate at that time on that one minute and thirty six seconds however that. glock fans are much worse than most control of his russian militia the time that the state i'm hurt because there is hamilton was second fastest on the day of the briton starting from pole in the two previous races that finished third in both for our skin on the long as it was top of the driver standings but was only ten quickest in this friday's practice and admits this team what to do. with their four mins i did a kind of a moment as we start this so we are working out the first race is. a good result for us i would call minutes to go fuck there's. a good teammate for and we are now in. terms of points but we know that. it's going to be a tough race is now if you are trying out for the behavior and if you use the word . well in the meantime sheets i'm. champion sebastian vettel was the third fastest in practice but before that the german sends out another strong message to his rivals the red bull driver was confide

michael ray stafford, was found guilty of the stabbing at a disciplinary hearing and received extra time in the prison's segregation unit but no criminal charges were filed against him because ellerman refused to cooperateigators. we caught up with ellerman on the day he returned to general population. >> after pat recovered from his injuries and we saw him back out on the yard, again one of the first comments he made was about his shoes. >> the blood on my shoes, that's why i stopped fighting because i seen blood on my shoes. >> it's indicative actually of prison life. you have so few personal items and you certainly don't have very many things that are brand new. these shoes were new. they were a symbol of him having some kind of success or look, if you will, as a convict in prison and he wanted to keep them as pristine as possible, even during this horrific situation. is this the end of it? >> no. if i ever see him again, i can't say nothing. of course i can't say nothing. if i say no, i'm going to the hole. the guards ain't going to want to hear that i'm going to kill this guy next time i see him. i can't have him coming up behind me thinking i'm going to get him and doing this again just because he

michael ray stafford, was found guilty of the stabbing at a disciplinary hearing and received extra time in the prison segregation unit. but no criminal charges were filed against him because ellerman refused to cooperate with the investigators. we caught up with ellerman on the day he returned to general population. >> after pat recovered from his injuries and we saw him back out on the yard, again, one of the first comments he made was about his shoes. >> see the blood on my shoes? that's why i stopped fighting, because i seen blood on my shoes. >> it's indicative of prison life. you have so few personal items and you certainly don't have very many things that were brand new. these shoes were new. they were a symbol of him having some kind of success as a convict in prison and he wanted to keep them as pristine as possible, even during this horrific situation. then we went back with him to his cell, at which point he took us on a tour of his injuries and how they were healing. >> i can't open my hands but it's getting better. i'll get it back. i can still punch. i can close my fist, i just can't open it. i got stabbed in the stomach over here. stabbed here. got cut in my neck. got my back cut and my

michael. [applause] [applause] >> can you believe that the collective bargaining agreement in baseball is the gold standard? have you been approached by other union leaders asking for vice? >> the leaders of the various sports unions cooperate all kinds of matters, and the unions do as well, as evidenced by the presence of soccer players. i am more than occasionally talking with the hockey players association. who happen to be my boss for 20 some years. the industries different, and the sports are different. but we collaborate. >> you mention labor struggles in wisconsin. have you ever advise public sector union leaders? and mac and the people seek you out? >> i have not been present does not to try to get advice to somebody representing a public sector union. the nature of bargaining is very different. that we frequently are contacted by unions and their members through letters of support for assistance. our players, our members politically are all across the section, but when it comes to labor matters, they understand the importance of the unions, and we tried to support those unions every chance we can. >> you are heading into years of labor peace, but do you think people are more willing to negotiate because of what hap

michael. >> since you believe that baseball some collective bargaining agreement is the boldest and have you been approached by other union leaders asking for advice? >> the leaders of the sports unions cooperateall kinds of matters and the unions do as well as evidenced by the presence of soccer players' representatives and football players representatives here. i am more than occasionally will talk with the head of the hockey players association who happen to be my boss for 20 some odd years. [laughter] the industries are different and the sports are different, but we collaborate as you might expect. estimate to mention the labor struggles in wisconsin. have you ever read feist public-sector union leaders and people to see key route? >> i haven't been presumptuous to give advice to somebody representing a public-sector union and the nature of bargaining is very different. but we frequently are contacted by unions and their members for letters of support, for assistance. our players, our members politically are all across the spectrum but when it comes to labor matters, the understand the importance of unions and we try to support the public sector unions every chance we could. >> you are hea