[background noises] [background noises] [background noises] called the committee on transportation and the structure to order. I would ask an ms consent the chairman be authorized to declare a racist at any time during todays hearing. Without objection that is so ordered. As a reminder if went to answer the document to the record please also email it documents mail house. Go if you need that repeated talk to staff that got that. I would not recognize myself for the purposes of an Opening Statement. I want to think secretary buttigieg for being here today. We certainly have a lot to discuss. Thank you very much for coming in. As we near the two year mark since passing Infrastructure Investment and jobs act, my focus remains on oversight and the funding and ensuring buttons implement efficiently, effectively heres the letter of the law. Due to persistently high inflation americans continue to struggle to pay for food and clothing and gasoline. With her hard earned dollars. Companies in t
Including former u. S. Fed, shed been bernard k, a just named as the winners of this award. What can you tell us about the Common Thread running through their research . Well, its about the, the see the importance of banks. Just why we need banks in the economy. Is it fair that banks make money out of our savings . And theyve decided and did the Analysis Shows that yes, banks are very important. And theyre generally wisdom. Before the research was that financial crisis usually lead to collapsing of banks and theres a run on banks and they do collapse. But its their research that actually sure that it was the collapse of the banks that actually made the financial crisis worse. So he played actually did the research is extremely important in todays times where Central Banks play such an Important Role in actually ensuring that the economy is in the right shape. Interesting, because bernard, he took so many lessons from his scholarship on the Great Depression. Then he had to respond himse
Taxes the right to levy taxes and the obligation to pay them both inherent in the sovereignty of nation states and their citizens. But what happens when the power of taxation is undermined with wont pay. Taxation oh, ticks starts october 21st on d, w ah, former us fed cheap bin bernard key and 2 other americans win the nobel prize for economics, for their focus on banks and the role of liquidity and financial crises. Well take a closer look. Also in our show, 12 percent of goods being shipped by c, r stuck in port at the moment. Could a global recession help reduce the strain on trade networks . And can norway come to the rescue of european ne, since in desperate need for natural gas deliveries . Well, walk into the show, im seeing beardsley in berlin. Former u. S. Fed chair, been bernacki, has been awarded this years nobel prize in economics, long side fellow american economists, Douglas Diamond and philip dip. Vic or the committee awarded this years prize for contribution to research
Including former u. S. Fed, shed been bernard k, a just named as the winners of this award. What can you tell us about the Common Thread running through their research . Well, its about the, the see the importance of banks just why we need banks in economy. Is it fair that banks make money out of our savings . And theyve decided and theyve Analysis Shows that yes, banks are very important. And theyre generally wisdom before the research was that financial crisis usually lead to collapsing of banks and theres a run on banks and they do collapse. But its their research that actually sure that it was the collapse of the banks that actually made the financial crisis worse. So he played actually did the research is extremely important in todays times where Central Banks play such an Important Role in actually ensuring that the economy is in the right shape. Interesting, because bernard, he took so many lessons from his scholarship on the Great Depression. Then he had to respond himself to t
These 3 economists including former your spreadsheet, been bernard k, a just named as the winners of this award. What can you tell us about the Common Thread running through their research . Well, its about the, the see the importance of banks. Just why we need banks in economy. Is it fair that banks make money out of our savings . And theyve decided and did the Analysis Shows that yes, banks are very important. And theyre generally wisdom. Before the research was that financial crisis usually lead to collapsing of banks and theres a run on banks and they do collapse. But its their research that actually sure that it was the collapse of the banks that actually made the financial crisis was so easy played actually did. The research is extremely important in todays times where Central Banks play such an Important Role in actually ensuring that the economy is in the right shape. Interesting because bernard, he took so many lessons from his scholarship on the Great Depression, then he had