steve forbes, so her point it's going to knockout the bottom rung. that's been the debate of the people that need the jobs most. do you agree with that? >> it's absolutely true. if you're going to hire somebody at minimum wage you're not going to have to go to older workers. so younger people that don't have the skills, especially from the minority kmcommunity will b hurt and there will be more kiosks so it's counter productive and this is what happens in an economy where you have stagnation. you get this silly destructive and self-destructive legislation. >> you see that at panera bread and applebee's. the self-check out at grocery stores. but why not let the seattle experiment fly and see what happens? we have been saying, let local cities decide for themselves. what do you make of that argument? >> well, rick vieth. the problem is this is all about politics and not good policy. i was at a con vens this week as well and it was all about women voters. 2-thirds of whom are minimum wage earners are women. the problem is they're presenting this as a wa

steve forbes says he knows steve forbes says he knows how we can bail out of this the performance revieways he knows how we can bail out of this that corporate trial by fire when every slacker gets his due. and yet, there's someone around the office who hasn't had a performance review in a while. someone whose poor performance is slowing down the entire organization. i'm looking at you phone company dsl. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business built for business. >>> today, news that the number of americans applying for unemployment benefits are up. one group is our nation's veterans. they come home from serving our country and they can't find jobs. steve forbes of the new become "money" he joins us. mace too see you steve. >> nice to see you, thank you. >> going through this book, i'm trying to figure out how to get to the bottom of it. you say the problem with our economy is an unstable dollar which leads to it an unstable global economy and unstable dollar because of president nixon in 1971 taken us off the gold

steve forbes has a new money plan to squash it. we asked people a question, how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪ if we want to be ready for a longer retirement. the hotel hasallye care of ourry to be right.ep.id for a night.. you can get a 4-star hotel for up to 60% off, even at the last minute. in the neighborhood where we wanna go? yes. you just won't the name until after you book. hmm. ooh. definitely. it's all about sleep. it's not all about sleep. yeah, well, for me it is. lucky me. ♪ >> did you know a ten-second test >> could help your business avoid hours of delay caused by slow internet from the phone company? that's enough t

but we have a fix that comes right out of steve forbes new book called money. eve, very simple, bring back the gold standard. explain. >> that's right, david. we had a gold standard from the beginning of this country right to the early 1970s and then we went off the gold standard. we have been paying the price for it ever since, especially if recent years. if we had the growth rates, historic growth rates since the 1970s. the economy today would be 50% bigger than it s. we're paying a price, stagnation, social divisions, bad all around. >> bill, do you have a problem with that? >> well, i share steve's skepticism about currency. that's the funny money that the federal reserve prints off. however i'm not sure that bringing back gold is going to solve o country's economic problem. it's from a lack of jobs and i'm not sure that hoarding gold is going to inspire corporations to employ more people. >> well, by the way, before we went on, there's a big chapterer in this book about why we should return to the gold standard. steve deals with all of the naysayers in that

steve forbes said that was the beginning of our undoing. steve, the author of so many great books. ke you think. the forbes name just automatically connects with money. steve, good to see you. >> good to see you, neil, thank you. >> for a lot of people who are new at this and thick skulls like my own, you say that we need to get back to pegging our currency to gold. why? >> because currency to work is like having 60 minutes in an hour, 12 inches in a foot. it should be fixed in value so when you make an exchange, you do a trade, you buy and sell, you know what each of you are getting. if you're investing in the future, you've got to know if you make a good investment, you get back 100 cents on the dollar. if you don't know whether you're going to get 100 cents, 10 cents, 30 cents, you get less investment in the future. when you mentioned richard nixon took this off in 1971, if we had maintained the growth rates that we've had for the previous 180 years, which include boom times, depressions and everything else, the last 40 years our economy today would be 50% larger. >> there are ma

should we listen to steve forbes and go back to a gold standard? >> i love mr. ford and mr. ve to go back to the gold standard, they of the economy is going and i don't think we need to go to the gold standard. stuart: under armor, i know it is up. >> an easy idea. when you use how many people are shopping at different stores, i see so many people with underarm wrong, and then you have analysts raising it to a buy, raising a target to $15 and talking cute growth and sales can exceed $15 billion over the next two years. on radio over the last week or so, talking athletic wear being regular where. has the trend continues you will see under our brand athletic wear makers, nike comes to mind. stuart: i'm laughing because i can't see me in spandex. that is it. >> on your tractor. stuart: that is it for today's real halftime report. thank you everybody. a guy says the plate, texting his girlfriend all night in the dark. the result, a detached retina. we brought you this, how you get a detached retina from texting? dr. manny will explain it next. stick with innovation. stick with po

steve forbes is the author of the new become "money" he joins us. nk you. >> going through this book, i'm trying to figure out how to get to the bottom of it. you say the problem with our economy is an unstable dollar which leads to it an unstable global economy and unstable dollar because of president nixon in 1971 taken us off the gold[:sdy standard. is that right? >> you have got it, exactly right. like if you change the number of minutes in the hour each day. imagine how difficult what the life would be. less investment if we had had the kind of growth rate since 1971 that we had before 1971, when the dollar was linked to gold, our economy today, greta, would be 5% larger. can you imagine? people having 50% higher incomes today than they do, life would be a lot better, a lot easier. >> well, you lay out such a convincing argument, because dod actually steady and doing well this until this 1971 point with nixon. why aren't heroes who -- economists why aren't they looking back at this point and saying this is where we went off the rails? >> that's

steve forbes, you think "time" is a god investment?issouri attitude on that and show me. maybe it's because i'm too excited about the industry to get excited but the key thing is what they will do on the web v.to go very, very big on the web, virtually no web presence and know they have to do it in a major way. if they don't do that very quickly and convincingly hen that that stock is going to be in trouble, and in terms of the overall environment i think the most encouraging thing is that bank lending is moving up at a brisk pace that. bodes well for small and new businesses and that's how you will get the job creation and i think that will overcome the synergy that carol talked about from the mergers. >> steve, are you positive fundamentally speaking on the u.s. economy, or are you worried about this sort of dollar destruction? >> well, short term the economy is going to do better or like a baseball player that's batting .175 or .185 for the last five years, this year will get it up to .250 or .260, won't win the world series but sur

let's go in focus with steve forbes, elizabeth mcdonald,

let's go into focus with steve forbes, mike, rick, and john. steve who better to start with than the guy that just wrote a book about money. this is a must read on how to

let's go into focus with steve forbes, mike, rick, and john. steve who better to start with than the guy that just wrote a book about money. this is a must read on how to protect the global economy. so is another government directed depending plan going to help? >> no, david. you just asked the question that 1.3 billion who would you rather have the fun in the hands of? bureaucrats of venture capitalists. and they aren't putting that money to work because of regulations, taxation and uncertainly. we would have much more manufacturing and much more robust economy. >> rick, we had two experiments in coming out of the deep recession in the past 30 years. one in the 80s where you go through and look at the various years of growth in the 80s. the average coming out of the recession is 3.5% growth. the average out of this recession is basically flat. doesn't that show that the less government does the better? >> no, i don't know that that makes that statement at all. look, there's no arguing that this recession has been far more difficult to get out

only reason that dollar still reserve currency but people top move away from a fiat currency, steve "forbes" says gold is it. other think that china's currency takes over, many think something similar to bitcoin, kate? >> if 50 cent is in, i am in? what is this 2, 005? i'm kidding. consumer financial protect bureaus, senator tom carper from delaware is leading the charge, he wants a legal game work for this, getting government involved does make people nervous, but what is holding it back is there are no consumer protection. before more people get involved, there need to be protective -- >> you mean mastodon does not is a you. >> who is that. >> if we can create a dollar printing machine, why can't we make a bitcoin machine. machine. charles: that has been my problem. i like it exists, people are gravitateing it. >> reason that u.s. dollar has not collapsed? europe euro? and japan is printing more money than we are, and china, bitcoin, this it theirs for the taking. some type of alternative currency will step up, but i have become a believe iras well, i don't understand how they mine them a

bank issue which is something you might hear ron paul talk about or somebody more on the you know steve forbes or somebody like that but in this case there is something that the left is grabbing from that that protest and understanding that it applies to them as well so this new coalition seems to be emerging and if you're covering you're on the front lines you're a war reporter but we're out of time look i want to thank you for coming on to have you again soon thank you so much. all right and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i'd like to thank our guest luke koski of we are change dot org if you'd like to get in touch tweet us a kaiser report and select. the future of coverage. it took. over like. did you know the price is the only industry specifically mentioned in the constitution and. that's because a free and open press is critical to our democracy but albus. role. in fact the single biggest threat facing our nation today is the corporate takeover of our government and across several we've been hijacked lying handful of transn

bank issue which is something you might hear ron paul talk about or somebody more on the you know steve forbes or somebody like that but in this case there is something that the left is grabbing from that that protests and understanding that it applies to them as well so this new coalition seems to be emerging and if you're discovering you're on the front lines you're a war reporter but we're out of time look i want to thank you for coming out happy again soon thank you so much. all right and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i'd like to thank our guest luke koski of we are change dot org if you'd like to get in touch tweet us a kaiser report and select. for. everybody. like. nothing. is. still good. jobst if you see a stage eight look at the jets but speech was still. stands. this is a media lead us so we leave that maybe. i will see bush and security play your part of the musical. for shoes that no one is asking with the guests that you deserve answers from it's all on politics only on our to. react to situations i have read the

bank issue which is something you might hear ron paul talk about or somebody more on the you know steve forbes or somebody like that but in this case there is something that the left is grabbing from that that protests and understanding that it applies to them as well so this new coalition seems to be emerging and if you're covering you're on the front lines you're a war reporter but we're out of time look i want to thank you for coming on to have you again soon thank you so much. all right and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i'd like to thank our guest luke koski of we are change dot org if you'd like to get in touch tweet us a kaiser report and. his name was. he was nazi germany's minister of propaganda the midst that he created exists to this day. propaganda it was supposed to be trying to denigrate other nations while at the same time reason ordinary german soldier students. it's. precisely what the masses need to hear in order to make them follow him he was like the pied piper from the fairy tale. despite. the myths created

for us, here tomorrow aways and means com committee member, diane black, and andrew mccarty, and steve "forbes" be with us, good night from new york. but with less ergy, moodiness, i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in women may occur. report these symptoms to your doctor. tell your doctorbout all medical conditions and medications. serious side effects could include increased sk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, i

lou: steve forbes, it's always so good to see you. america has given up on president obama. but has mr. obama already given up on his presidency? the "a-team" is coming up next . >> brs denies the targeting of the space on the political leave >> he had no respect and it was absolutely chilling. in america, where we have the right to assemble to petition our government, where our government is completely trying to kill this. and this is the irs, the irs that will hunt you down for the most my new penny of your back taxes. and they tell us that they don't have as? >> in this case, the man that was brought in six months ago, and who had a reputation as a successful businessman and had public service, he did not look like a man of his steam and integrity there before that committee. >> it sounded to me like the modified limited hangout of the nixon administration. and you and i, you and i we have to keep seven years of records to be prepared on a moments notice to reconstruct them. and that could happen if our server goes down, that is to

bank issue which is something you might hear ron paul talk about or somebody more on the you know steve forbes or somebody like that but in this case there is something that the left is grabbing from that that protests and understanding that it applies to them as well so this new coalition seems to be emerging and if you're covering you're on the front lines your own war reporter but we're out of time look and thank you for coming on to have you again soon thank you so much. all right and that's going to do it for this edition of the kaiser report with. max kaiser and stacy herbert i'd like to thank our guest luke wrote koski of we are change dot org if you'd like to get in touch tweet us a kaiser report and select. the try to. a polling. place for. everybody. let me. know what. my own life but. let's say i think. this case is. something for nothing. this season and. it's not just the story will be just if you see the stage take a look to the. speech was. led. by. i think. kind of can. do and the banks all that all about money and i think that's like that for a politician right the last. time.

lou: steve forbes, it's always so good to see you.ming up next, polls suggesting america has given up on president obama. but has mr. obama already given up on his presidency? up on his presidency? the "a-team" is coming up next humans. we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back, offering exclusive products like optional better car replacement, where if your car is totaled, we give you the money to buy one a model year newer. call... and ask an insurance expert about all our benefits today, like our 24/7 support and service, because at liberty mutual insurance, we believe our customers do their best out there in the world, so we do everything we can to be there for them when they need us. plus, you could save hundreds when you switch, up to $423. call... today. liberty mutual insurance -- responsibility. what's your policy? . >> brs denies the targeting of the space on the political leave >> he had no respect and it was absolutely chilling. in america, where w

. >> steve forbes said basically the same thing. in the times space, the panthian of time stocks. >> panthian? >> like that. >> you know what's funny, is people at home might think i'm calling for that. which i'm not. it's gratuitous and unnecessary. >> it's showing the value of their brand. >> can you put a chart up of twx. twx in the time space is where you want. >> but not time inc.? >> not from me. >> amazon jumping into online payments. grasso? >> 40% of their sales are as the middle men. they make a fee off this. this is another example of how you're going to use amazon going forward. their cloud, retail, streaming. you could make a case being diversified is owning amazon and google. i think the stock still performs well. >> shares of idenix. up. what's the next big takeout target? meg, obviously, the obvious targets could be the other makers? >> we saw when gilead bought for $11 million. the largest in history. just after gilead brought pharmaset, paying more than three times on the friday's closing price. these two were toge

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lou: steve forbes, it's always so good to see you.up next, polls suggesting america has given up on president obama. but has mr. obama already given up on his presidency? the "a-team" is coming up next. and thank you for your bravery. thank you colonel. thank you daddy. military families are uniquely thankful for many things, the legacy of usaa auto insurance can be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life. . >> brs denies the targeting of the space on the political leave >> he had no respect and it was absolutely chilling. in america, where we have the right to assemble to petition our government, where our government is completely trying to kill this. and this is the irs, the irs that will hunt you down for the most my new penny of your back taxes. and they tell us that they don't have as? >> in this case, the man that was brought in six months ago, and who had a reputation as a successful businessman and had public se

[laughter] so the next morning at about six my phone rang and it was steve forbes, and this was a littlearlier and steep typically called me. in fact, stephen never called me. [laughter] actually he has never called me ever again. and he said the russians have gone ballistic. it was like that scene in the movie "dr. strangelove," remember, mr. president, it's premier kiss off on the line and he is hopping mad. [laughter] the minister of the interior, had had to have broken into russian tv programming, into the russian opera, the mind boggles, oprah. i always wondered about soviet union, a country with 30,000 nuclear warheads and no dermatologist. [laughter] everyone had warts. then we got gorbachev and viacom you know, the whole thing. anyway, he had broken in to russian programming to reassure to say he was not planning secret to auction off -- he took pains to denounce me personally as a brazen liar and an international provocateur. i thought, cool. [laughter] so eventually everyone got their sense of humor back. maybe except him, but six months later i was on the train going up to new

joining us with his reaction is the chairman and editor-in-chief of forbes media, steve forbes.s the editor of a brand-new book called "money: how the destruction of the dollar threatens the global economy and what we can do about it." good morning. how did mr. brat win? >> two big things. one, eric cantor did not do constituency work you have to do, do one on one with the voters, town halls galore. when orrin hatch in utah two years ago was in trouble, he worked it very hard. lindsey graham was in trouble. last night he worked it very hard. the other thing was immigration. illegal immigration, stories about kids, numerous coming across the border, the president seemingly doing nothing about it. people say this is another example of washington lawlessness and took it out on eric cantor. >> do you believe the democrats played a role in the margin of victory for brat which was 11 points, because it was an open primary? to me, analyzing it, i don't see the advantage to them having cantor out. >> there was apparently a little bit of that, but the margin showed it did not play a majo

steve forbes is here. did you say that? >> absolutely.art: it will never happen. >> we have one for the first 180 years of our country's existence. would you like 50% more money? i would think so. >> you need the study value. after a period of a few months, you would fix the dollar of gold. it goes above 1250. the federal reserve starts to tighten up a little bit. it goes below 1250. it eases up. >> the dollar has a stable value. >> why have we not seen it so far? >> because we have all been brainwashed. we should have learned from the 1970s. that does not work. some people are slow to learn. stuart: time to move on. [laughter] >> they put so much jargon into equations around. stuart: fix the price of gold. paid the price of the dollar to gold. 58% of people think that the stock market is rigged. you do not believe that, do you? >> no. people do not trust institutions anymore. bad, bad environment. the kings got it right on that. the destruction of the dollar threatens the global economy and what we can do about it. >> absolutely. not as

welcome to forbes on fox. >> steve, is it too early to say cover up? >> it is a big cover up. this is the biggest political scandal in american history. the idea that these computers suddenly crashed is preposterous. the other scandal is the major media outside of fox has been ignoring this thing so what you will get is a push one for tax simplification. the effort to intimidate ordinary american citizens not just major opposition leaders. >> everybody is afraid of this agency. i'm not an it expert. i will at mid that happily. i have never lost e-mails. i called the it department. when a computer crashes you usually don't lose e-mails. computers crash, loss of e-mails. coincidence? >> what did they do? take them to a football game picnic? it's getting to be silly. here's the worst of this. if you accept what the governments had to say is true, it gets worse and worse and worse. that eight computers crashed, come on. we all know experts that could draw anything out of it. they're supposed to be keeping all of this data as back up. i can't go to the irs and say that i only have

next time you're out we'll have steve forbes, arthur brooks. the way for you. >> go for it. i did miss my friend ken mangone on thursday. >> he said your entire uny piece was fantasy. >> i have heard, but i haven't seen. >> you didn't watch? >> i didn't watch. >> federal regulators looking whether to golf and phil mix ellison may have traded illegally information. was there really any wrongdoing here? we will discuss that next. and then the man of the hour. economist and author of "capital in the 21st century." he's here to defend his theory. "squawk box" coming up after this. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ . my mom works at ge. time to take care of business with century link's global broadband network and cloud infrastructure. we constantly evolve to meet your needs every day of the week. in a we believe outshining the competition tomorrow q

i think coolidge would be for a flat tax and best friends with steve forbes. he likes clarity and understand complexity was as bad as a high rate. he would have certainly cut back the veterans service even though he had great feelings about them. and he would have been careful about foreign engagement. >> host: from amity shlaes' book "the greedy hand" social security is a fantasy. a comforting pleasant fantasy. one that has sustained many millions of americans over the decades but a fantasy. washington promised from the start that social security would be a trust. in reality there was no trust. mainly cash flow from con tributers and went out the same day to senior citizens. this was the root of the deception. >> guest: it is. it was edited a few times but that doesn't mean it can't be converted we just have to do it yesterday or today over to something -- if you go back and look at the literature, i think in the "the greedy hand" i had pictures, roosevelt said you have an account as if your name is on it but the supreme court didn't think so. they have cases

hi, everybody, i'm liz mcdonald's in for david asman welcome to forbes on fox. now, stevethe spreading chaos in the dd

first of all, steve ballmer, who retired as microsoft's ceo four months ago, has 20-billion dollars, according to forbes magazine. two billion for the l-a clippers is 10% of his net worth and a lot more than the 12-million dollars donald sterling paid for the team 35 years ago. secondly, ballmer's tried three times to buy an nba franchise and instead of moving to seattle, where ballmer lives, each time, the team's gotten a new arena and/or owners committed to keep the team in milwaukee, minneapolis or sacramento. some see ballmer's microsoft background put to marketing the clippers globally. but perhaps the biggest reason ballmer bid 400-million and 800 million more than the second place and third place bids, sports marketing professionals say its too much to overcome with a counter-bid. and too much for even donald sterling to refuse. sterling's wife, shelly, asserting that she is sole-trustee accepted ballmer's bid on behalf of the sterling family trust. all along, the nba preferred a voluntary sale of the clippers after league commissioner adam silver banned donald sterling from the n-b-a for life fo

as you know the nba is working with steve ballmer to close a $2 billion deal to buy the clippers. according to "forbes nhl team owners? >> i think what you're seeing with the clippers is a combination of two things. one, sports, particularly because we're great -- the best content in this ever-changing media landscape, sports franchises in all sports, the majors, have become increasingly valuable. and i think you a unique circumstance with the clippers, both as it relates to the unfortunate way this developed, the market itself, and the uniqueness of the person who's buying. if the clippers are worth $2 billion, we have franchises that are worth multiples of that. >> this is going to be the most expensive final since looks like '09/2010. is that a function of the markets we mentioned earlier? is this about hockey's comeback? >> when you talk about the average ticket price, i think that's what you're referring to is the secondary market which shows that perhaps our clubs don't even charge enough. there's a huge demand. obviously having the two largest markets in the united states competing for the grea