walter heller left the council in 1964.1985, the man in this office rejected the idea that the government could fine-tune the economy. we cannot do it now, and we couldn't do it then. some of my predecessors believed they could. so far as the reagan administration is concerned, we recognize that. we try not to fine-tune because it would be a road toward disaster. what happened between the sixties and the eighties? the seventies happened bad years for theory and practice of macro-economics. monthly fine-tuning of monetary policy created havoc in the economy as martin feldstein explains. i think the 1970s, in particular, was a decade in which monetary policy pursued the wrong goals, was based on the wrong premises, and got us into terrible trouble. it was money's excessive growth more than anything else, that brought us to the double-digit inflation rates. in the seventies, fiscal policy was not much better. by the time congress got around to changing fiscal policy, a tax cut or an increase in spending it was too late. instea

he read a book review by dwight mcdonald in the "new yorker" and that inspires kennedy to tell walter heller who is the chairman of the council of economic advisors to go look to policies that can be used to alleviate poverty. kennedy died in 1963. he said that's not my program. he pursued it as president. >> were there years back a few books that you found had an impact on the discussion of this country? >> i mentioned request it the jungle" with teddy roosevelt and "common sense by thomas paine was well read by the founders. this is before he feels president. that book was very important -- or pamphlet really. it was very important in helping to buck up morale against the british in the tough time in the revolutionary period. it was a huge best seller. adjusted for population. the sales of that book were equivalent to the sales of peyton place. >> what impact did the democracy in america have on the 1800's? any in this country? >> it shaped historian's and sociologists' view of america. i didn't have the impact. but i'm sure you have c-span listeners who followed the stuff. i'm curious to

yorker articles ever in part because of kennedy's reading of it and that inspired him to tell walter heller to look into policies that could be used to alleviateport and kennedy tragically died in november 63 but johnson then heard about this program and said that's my kind of program and pursued it as president. >> were there other books back years ago that you found that had an impact on the discussion on the country? >> i mentioned the jungle with teddy roosevelt. i also found thomas payne's common sense was well read by the founders. this was before anyone was a president and we were still trying to rebel against england but that was very important -- more pamphlet. but very important in helping buck up morale against the british in the tough time in the revolutionary period and it was a huge best seller. i say adjusted for population the sales were equivalent to the sales of peyton place which was a big best seller in the 1950s. >> what the comb pact did democracy in america have? >> it helped shape historians and sociologists view on america. i didn't see any impact it has on the pres

what he read was a book review in part because he was reading it and that inspired candy to tell walter heller with the chairman of the council of economic advisers to go look into policies that could be used to alleviate poverty and candidate tragically died in november of 63 but johnson and heard about this program and said that's my kind of program. >> 200 years of popular culture in the white house with tevi troy sunday night at eight on c-span's q&a. >> who 200 year old clock stopped ticking. time stands still. ohio clock is a metaphor for the government shutdown. >> we are standing a few feet away from the main entrance to the united states senate chamber and the north extension of the capital. the clock behind her is the oldest clock in the united states capital. it was commissioned for the united states senate in the year 1815 ordered from a philadelphia clockmaker your. >> one of the ring to check many reasons why the c-span feed archives are so amazing. >> you can view and sheer c-span programming anytime. it easy. here's how. go to c-span.org and go to the video library to watch the

that inspired kennedy to tell walter heller who was his chairman and the council of economic advisers to go look into policies that could be used kennedyiate poverty august a tragically died in that was laterut pursued by a president. [applause] actor and gay-rights activist george to k speaking at a gay-rights event in d.c.. he talked about some the issues important to the lgbt community. this is an hour. much.nk you very it is wonderful to be here at the national press club, but the feeling i have is it is like a very elegant star trek convention. [applause] [laughter] and that reflects on your good taste and high standards. it is wonderful to be back in washington at last and is wonderful to have washington back and working at last as well. bravo for that. [applause] washington. when we arrived in the early earlyg mass light -- evening last night, i saw all the things that i love about washington. i was greeted by the national monument in that dusky light there it was glowing white and luminous. i visited all those monuments many many times and been inspired by the words written on

that inspired kennedy to tell walter heller, is chairman of the council, to look into policies that could be used to alleviate poverty. kennedy tragically died obviously in november 63, but johnson then heard about this program and said, that is my kind of program. >> 200 years of popular culture in the white house with tevi troy sunday night at 8:00 on c- span's "q&a." >> the leaders of the house and senate budget committees spoke with reporters thursday morning to discuss negotiations of a long-term federal budget deal. both the house and senate passed their own budgets earlier this year. house republican leaders had not agreed to begin negotiations to reconcile the two until it was included in the agreement. >> hello, everybody. we want to say that the four of us, the ranking member of the senate budget committee, the ranking member of the house budget committee, the chairman of the senate budget committee, and myself, we had a very good conversation. we assessed how we are going to proceed over breakfast. we want to look for ways to find common ground to get a budget agreement. our go

what he read was a book review in the "new yorker," and that inspired walter heller to go look into policies that could be used to alleviate poverty, and kennedy tragically died in november of 1963, but johnson then heard about this program and said that is my kind of program. >> 200 years a popular culture in the white house with tevi troy sunday night at 8:00 on c- span "q&a." senate votede the to reopen the government and raise the debt ceiling, republican senator ted cruz spoke on the senate floor about why he objected to the bill. a few weeks before that before the government shutdown, senator spoken on the floor for more than 20 hours about defunding the health care law, which became a major sticking point in keeping the government funded. here is senator cruz's remarks. >> mr. president, i rise today in opposition to the deal that the senate is getting ready to vote on. this is a terrible deal. this deal in bodies everything everything about the washington establishment that frustrates the american people. this deal kicks the can down the road. it allows yet more debt, more and its, m

the famous new yorker article in part because the reading of it and that inspire kennedy to tell walter heller who is his chairman of the council of economic advisers to look into policies that could be used to alleviate poverty and he tragically died in november 1963 but johnson then heard that the program and said that's my kind of program and he pursued. >>> next a discussion about iran's nuclear program. the national iran in an american council hosted a former official with the pentagon and former u.n. secretary-general. talks between the u.s., iran and other world powers will be held this week in geneva. [inaudible conversations] >> good morning everyone. welcome to the second day of the annual leadership conference. delighted to have you all here. i am extremely impressed that all of the iranians are here on time. rarely happens but it shows that there's been significant improvement in the culture of the american community in the last couple of years. we are delighted to have here with us today some of the most thoughtful, knowledgeable and people with in depth analysis of the situation