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Discussion today by reviewing the works of Friedrich Hayek John Maynard Keynes and Milton Friedman whom i consider to be the three most influential economists of the 20th century and of the three, i really consider hayek to be the most influential. He addressed what i call the Knowledge Problem and this seems to me to be perhaps the most important contribution to economics since the time of adam smith. And this is what hayek had to say. About knowledge he said in economics, theres a problem of t...

Commitments on Financial Assistance should not be caught up in bureaucratic hurdles here. A timelye to flow in way. As my chairman talks about, the market plan was not only about funding, it was also about active Technical Assistance. When we met with the government there, they welcomed largescale infusion of Human Resources in the country on all the major reform issues. They looked to the United States for expertise. They looked to the Diaspora Community for its expertise. They looked at the eu...

Economics, theres a problem of the division of knowledge. Which is quite analogous, too. And at least as important as the problem of the division of labor put forward by adam smith. But while the latter has been one of the main subjects of investigation ever since the beginning of our science. The former has been as completely neglected. Although it seems to me to be the really central problem of economics. As a social science the problem we pretend to solve is how the spontaneous interaction of...

Wideranging sanctions. Thats coming as the g7 summit in brussels for which russia was excluded for the first time in six years and was taking place. And on capitol hill, the Senate Foreign Relations Committee looked at the political situation in ukraine following last months elections. Thats coming up next on cspan2. Also today a bipartisan agreement was reached in the senate on a bill that aims to address some of the problems that the va medical facilities. And president obamas pick to head the...

Additional economic sanctions on russia. This is just over two hours. Go. The committee will come to order. Twant to welcome our panelists and thank them for taking time co to or to share their perspective with committee on developments in ukraine, which appear only slightly less ominous than they did in act one of this crisis. Now, were in the beginning of t act twhao with the successful election of a president by the ukrainian people, intion of pren internationally certifie certifd elections, ...

Reasons. Laces we cannot deport people to, like cuba, for example. And our job is not to house these people, to house people strictly for criminal violations. That is our role. So if they have completed their senses through the u. S. Their sentences through the u. S. Criminal justice system, there is not much we can do. They focused on people who committed recent crimes. Unfortunately we are tight on time. We have been speaking with alan gomez from usa today. That is all the time we have today o...

Thanks to our colleagues and witnesses for working with the staff to enable us to put this hearing together fairly quickly. The purpose as you know is to examine 1691 the Border Patrol act of 2014 introduced by senator tester and mccain and this bill would make the badly needed reforms to the system of the Border Patrol for discourtesy too complicated and difficult to manage. I want to talk about what is happening currently along the borders over the past few years have seen a surge in the unaut...

The works of Friedrich Hayek John Maynard Keynes and Milton Friedman whom i consider to be the three most influential economists of the 20th century and of the three, i really consider hayek to be the most influential. He addressed what i call the Knowledge Problem and this seems to me to be perhaps the most important contribution to economics since the time of adam smith. And this is what hayek had to say. About knowledge he said in economics, theres a problem of the division of knowledge. Whic...

Sunny except for the coast where well see temperatures in the upper 60s but reaching the low 90s. Things start to cool down below 76 tonight. Ill have the complete sevenday forecast coming up. Katie two women are dead and a man is in hospital after an attack at jewelry mart. I happened at eighth and brannon. Sergio quintana has more on what happened. Reporter this is video of one of the victims inside the gift center being carted out to an ambulance. They say he was feet from where it all happen...

Important contribution to economics since the time of adam smith. And this is what hayek had to say. About knowledge he said in economics, theres a problem of the division of knowledge. Which is quite analogous, too. And at least as important as the problem of the division of labor put forward by adam smith. But while the latter has been one of the main subjects of investigation ever since the beginning of our science. The former has been as completely neglected. Although it seems to me to be th...