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| TIME | SPEAKER | TEXT |
|---|---|---|
| 00:00:14 |
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THANK YOU VERY MUCH. : THE SEARCH OF ECONOMICS AND CORNELL UNIVERSITY SC JOHNSON GRADUATE SCHOOL OF... |
| 00:03:22 |
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THANK YOU VERY MUCH. |
| 00:03:25 |
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THANK YOU, JOE, AND TO THE COMMONWEALTH CLUB FOR INVITING ME. I AM A REGULAR LISTENER TO THE COMMONWEALTH... |
| 00:31:19 |
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IT'S LIKE THE MILITARY ARMS RACE. THEY BUILD BOMBS BECAUSE THEY DON'T WANT TO BE INVADED AND CON REQUESTERRED... |
| 00:41:35 |
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THANKS. THE AUTHOR OF THE NEW BOOK, THE ECONOMIC NATIONALIST FIELD GUIDE." IT'S ABOUT TIME FOR OUR... |
| 00:42:45 |
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YES, THERE'S A SEPARATE CASE YOU CAN MAKE FOR TAXING ACTIVITIES THAT PEOPLE ENGAGE IN EVEN THOUGH... |
| 00:44:06 |
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PROFESSOR FRANK, LET ME ASK ANOTHER QUESTION AND FOLLOW UP ON THE TAX QUESTION ISSUE. THIS IS SHORT... |
| 00:44:48 |
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THE FIRST QUESTION ARE THERE TOO MANY HEDGE FUND MANAGERS? ANSWER, YES. THERE ARE SEVERAL REASONS... |
| 00:46:22 |
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WHICH IS 35%. |
| 00:46:25 |
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IT'S GOING TO 39% AS SOON AS THE BUSH TAX CUTS EXPIRE AT THE END OF 2010. |
| 00:46:30 |
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OKAY. HERE'S ANOTHER TWO-PART QUESTION. HOW COME PEOPLE OPERATE CONTRARY TO THEIR SPENDING CAPACITY... |
| 00:46:55 |
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IT WAS QUITE EASY TO TAKE ON MORE DEBT BECAUSE OF THE CHANGE IN THE FINANCIAL INDUSTRY UNDER WHICH... |
| 00:48:14 |
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THE LIST OF CALIFORNIA RADIO PROGRAM AND OUR SPEAKER TODAY IS ECONOMIST AND ROBERT FRANK. HE'S DISCUSSING... |
| 00:48:25 |
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YOU HAVE A SECOND SHORT, I'M SORRY TO THAT QUESTION. WHAT'S THE MATTER OF PEOPLE CHOOSING BETWEEN... |
| 00:50:03 |
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THANKS FOR PICKING UP ON THAT SECOND PART OF THE QUESTION. YOU KNOW, WHEN I READ YOUR BOOK I HAD THE... |
| 00:50:39 |
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THAT'S A GREAT QUESTION. AND THE PREMISE OF THE QUESTION IS CORRECT. WE DO NOT WANT A TAX CONSUMPTION... |
| 00:52:57 |
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DIDN'T DR. FREEDMAN ALSO TALK ABOUT THE NEGATIVE INCOME TAX? HOW DOES THAT DIFFER? |
| 00:53:01 |
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HE DID. I WROTE A COLUMN. THE TIGHTS I SUBMITTED WAS MILTON FREEDMAN, REALLY A BLEEDING HEART. AND... |
| 00:54:09 |
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MILTON FREEDMAN, I CAN'T TELL YOU HOW MANY TIMES HE'S SPOKEN AT THE COMMONWEALTH CLUB. ONE OF THE... |
| 00:55:07 |
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YOU KNOW, HANK PAULSON WAS THE FORMER CEO OF GOLDMAN SACHS. TIM GEITHNER WAS I THINK WAS OFFERED HIGH... |
| 00:56:07 |
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A PROFESSOR FRANK, YOU TALKED ABOUT BEN BERNANKE AS WELL. YOU KNOW, THE FED CHAIRMAN QUITE WELL, COAUTHORED... |
| 00:56:38 |
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I DON'T EVER CALL HIM -- I IMAGINE HE'S SLEEPING MANY FEW HOURS A NIGHT THAN I AM. HE HAS A VERY FULL... |
| 00:57:58 |
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WE REALLY DON'T HAVE ENOUGH TIME TO GO THROUGH A LOT OF THESE PEOPLE. THERE ARE SOME INCREDIBLE ECONOMIST.... |
| 00:58:22 |
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I THINK IF HE HAD GONE TO THE BERKELEY IN THE LAST TEN YEARS, HE WOULD HAVE COUCHED HIS ARGUMENTS... |
| 00:59:49 |
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IT'S HARD TO HAVE A QUESTION. PRESIDENT OBAMA SEEMS TO FOLLOW THE ECONOMIC THEORY FAIRLY CLOSELY. ... |
| 01:01:03 |
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UTAH QUITE A BIT IN YOUR BOOK ABOUT YOUR CRITICISM OF THE NOBEL PRIZE, YOU MADE THE FOLLOWING STATEMENT.... |
| 01:01:27 |
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I HAD ALL BRIEF IN MIND IN THAT COLUMN. I THINK AS I MENTIONED GALBRAITH HAD THE RIGHT DESCRIPTION... |
| 01:02:06 |
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YOU WERE LISTENING TO THE COMMONWEALTH CLUB OF CALIFORNIA RADIO PROGRAM AND THE SPEAKER TODAY IS A... |
| 01:02:28 |
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I THINK THAT THE DEREGULATION OF THE FINANCIAL INDUSTRY THAT TOOK PLACE IS IN A SINGLE EVENT THAT... |
| 01:04:03 |
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WHILE UNFORTUNATELY WE HAVE REACHED THE TIME IN THE PROGRAM THERE IS TIME FOR ONE LAST QUESTION. THERE... |
| 01:04:37 |
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THE FIRST PROBLEM YOU MENTIONED THE FACT THERE ARE PEOPLE WITHOUT INSURANCE AND IT ISN'T PORTABLE,... |
| 01:07:14 |
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THANKS TO ROBERT FRANK PROFESSOR OF ECONOMICS AT CORNELL UNIVERSITY, "NEW YORK TIMES" COLUMNIST AND... |
| 01:07:53 |
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HE WILL BE SIGNING BOOKS RIGHT OUT HERE. |
| 01:07:56 |
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THANK YOU VERY MUCH. |
| 01:08:00 |
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ROBERT FRANK IS THE HENRY EDA JOHNSONVILLE IS PROFESSOR OF MANAGEMENT AT CORNELL UNIVERSITY'S JOHNSON... |
NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.
