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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 the division of knowledge. Which is quite analogous, too. And at least as important as the problem of...

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 the really central problem of economics. As a social science the problem we pretend to solve is how the spontaneous interaction of a number of people each only possessing bits of knowledge. Bring ab...

Spending. Are you following this . Im not. Maybe these guys are. Ben stein, charles payne, sandra smith and adam and charl charlie. You laugh because you want to cry. Neil sometimes you laugh simply because you want to laugh. laughter since november 2011, were 30 days away from this. Are you serious . You want 50 billion in stimulus . Its nuts, crazy and disingenuous, if this is negotiating,ere in trouble. This is the ultimate power grab. The conduct is essentially split almost completely in half and this is saying to the other half, forget about you, forget about Small Businesses, forget abou...

Ignatius joins us and host of kcdc on m srsnbc kasie hunt joi us as well. She does her show sunday night and up bright and early monday morning. Thank you, kasie. What a trooper. Let me ask, we need sort of a wheel of fortune here that we can spin. Ill play vanna. We can actually spin it and i can ask richard and David Ignatius, what dysfunctional Foreign Policy faux pas would you like to start with . Oh. First, we could start with north korea. I like that one. North korea continuing to develop Nuclear Weapons and longrange Missile Technology that, yes, could kill all of us while we were sleep...

This is from the New York Times. The headline of this piece, rosenstein suggesting he would secretly record trump and discuss 25th amendment. Were hearing different interpretations of what rosenstein meant with that suggestion. Senior justice officials are pushing back strongly. What theyre saying is thats was made sarcastically. Michael smith says this. As we point out in the story, rosen stein in the meeting was asked whether he was serious or not and he said that he was. Rod rosenstein firing back calling that New York Times story inaccurate and factually incorrect. Some cognitive dissonanc...