Head. Guest it got lucky with the timing. Somebody said i should buy a Powerball Ticket because i can see the future. When do you start writing black . When you write the proposal or turn in the manuscript . I would say five years ago i start writing columns and around the time sarah palin went rogue. I thought after the race she got radicalized and changed, and i started seeing candidates like Christine Odonnell and sharon anle saying thing is felt uncomfortable with as a conservative. They were casting themselves as a victim, playing the victim card, which struck me as unconservative, and it was short of a populist tone that got me writing about the topic, and the week my book comes out, sarah palin endorses donald trump. I couldnt have planned that. Amazing time. Let get back to back lex, firstd poem of the intellectual history of conservatism. I know when i go to colleges i tell students, youd be surprised to learn that the rock stars that the manhattan cometail parties used to be
The idea in larrys revival of stagnation is that because Going Forward the returns to capital and Consumer Spending are likely to be weaker than theyve been in the past, that the real Interest Rate that is needed to provide full employment could be very, very low. And there are a lot of reasons as we see very low Interest Rates, and he talked about in his remarks to the association of business economics a number of reasons why the demand for capital and the demand for Consumer Spending might be unusually low Going Forward and the same ones that, essentially, you need very low Interest Rates to get the economy up to full employment. Slower growth both from population and and also from possibly slower technical change, also he notes and i think this is an interesting point that if you look at new Industries Like facebook on the one hand versus the industries that were dominant in the 50s and 60s like steel making obviously, facebook and Similar Companies have much smaller needs for capit
Rather than supporting growth and i argued as chairman during that time that shortterm fiscal policy ought to be more attentive to the needs of recovery those concerned about fiscal sustainability should be in no long term framework but that fiscal policy of though whole ethic is even more of a burden on the fed to keep Interest Rates low to full employment you will get your answer. [laughter] but i could give fate fiscal recommendation. [laughter] fed is not beyond my scope. Can you talk about what to reduce the global imbalance to weaken the currency . What leverage and with those currency levels so for the following reason no chance it will be excepted. Oldfield the economists can tell the difference with the Exchange Rate and Monetary Policy have not sure a technical legal document could do that. And i dont think theres anything wrong with Monetary Policy. With the given economy even with the Exchange Rate. The with the perspective of the trade partners the exchangerate movements i
Thank you, thank you so much for joining us. Please, nation, we have a big show tonight. My guest is none other than former president ial candidate and current moon governor Newt Gingrich. laughter two titans of South Carolina politics going head to head. But who can forget when gingrich swept the South Carolina republican primary and i ran for president of the United States of South Carolina. cheers and applause sadly, sadly, folks, i had to suspend my campaign on the technicality that i do not want that job and it does not exist. laughter but, folks, all thats behind us now. President ial elections of 2012 is finally over. After two years of relentless poll analysis, electoral map swiping, undecided voter dial testing and being forced to use the word cuyahoga in a sentence laughter we can finally take a breather. Just relax with a nice soothing cup of camomile breeze and just let it all do you think its too early to talk about 2016 . We dont think so. gunshot cheers and applause step
Spoiler alert. Thats our show. Join us tomorrow night at 11 00. Here it is your moment of zen the president was elected on the basis that he was not romney and romney was a poofyhead im not sure thats captioning sponsored by comedy c is snupt tonight, do government officials make good role models for our kids . Well, they dont make good role models for our adults. laughter and my guest, former speaker Newt Gingrich has a new novel about george washington. I cannot tell a lie i have not read it. laughter Duke University has developed a working invisibility cloak. Now the blue devils quiddich team will be unstoppable laughter this is the the colbert report cheers and applause captioning sponsored by Comedy Central theme song playing cheers and applause audience chanting stephen thank you, ladies and gentlemen, welcome to the report. Chausz cheers and applause thank you, thank you so much for joining us. Please, nation, we have a big show tonight. My guest is none other than former presid