attend to listen to more than 100 musical acts including ryan adams, emmy lieu harris. many, many more. smith who worked on the festival since it started says it's always a wonderful place for great music. >> great reputation. within the business and we are really lucky musician really want to be here. mr. helman started the fest went out of his way to make sure it's a festival about music. >> festival kicks off tomorrow morning with a kids only concert for san francisco union food school district students. for more information including a link to the schedule go to abc 7 news.com. it should be a great 3 day office music. >> political scene in oakland now across the basement really going to the dogs. no kidding. map best friend is running for mayor. group of occupy activist today announce the plan for einstein candidacy. they say it's no joke. goal is to bring to light the problems in oakland including police brutality and wage disparate. today i'm stein campaign manager shared the platform including a call for maximum wage for oakland resident. >> einstein intends to be a voice in thi

day forecast. >> thanks, adam. >>> family in need, quite a surprise today in downingtown. the the students at technical college high school of brandywine presented chris smith and his two children with a car. refurbished by students at collision repair department and it was supported and funded by a nationwide program called recycled wise. since that program started seven years ago nearly 1,000 vehicles, have been refurbished and given to people in need. >> much more to come on "action news", a touching gift for a local family who gain national attention, for their baby's bucket list. delivery today from a f - ( helicopter whirring ) - ( roars ) ( siren wails ) ( pop music playing ) ♪ when you're ready ♪ ready, ready, ready ♪ come and get it ♪ get it, get it ♪ when you're ready, come and get it ♪ ♪ na na na na ♪ na na na na na na na ♪ ♪ when you're ready, come and get it ♪ ♪ na na na na... female announcer: it's a great big world and it can all be yours. here and only here. ♪ come and get it. have you seen tom corbett's ads attacking me... get real. it's

to explain them very i like, i think access, to begin with adam smith who inte "the wealth of nations" 1776 and he talked a lot about the fact that if nations were open, that if trade could proceed in an open way, that not society become freer but it would become more personally fulfilling and also prosperous and wealthy. this, we think of the hidden hand of the market and all of that. of access -- but my more modern example is this sho ping because we have to talk about china. historians to believe the united states is an empire, they often talk about the open door empire it back to u.s. policy towards china in the 1890's but is that the united states not only advocated equal markets for all foreigners in also the maintenance of chinese sovereignty. at that time, it was a china wouldthat become like africa, divided into parcels and parceled out to the europe and u.s., always defended sovereignty and that's what got us bombed at pearl deed goesause no good unpunished. what they found, however, is off all access was becomingchina 1979, and poorer so in ping did a 180. not because china

the 20th century. adam smith wrote a treatise about the dangers of mercantilism. and it turns out that those kinds of dangers apply every bit as much today as they did then. there is nothing about the antitrust laws that treats cartels as a violation, which has changed over 200 years. and what the expanded reading of the congress clause has done is to create a situation now in which agriculture, labor, motor vehicle, the whole system of cartels is there. the great rap against progressivism is the cartel manufacturing machine, which is indefensible. trade circumstances do not alter this. transportation and communication are better today. there is less need the national regulation that there was in 1789, because the movement of goods across state boundaries is what disciplined local monopolies. the perception that congress could keep the arteries of transportation and communication open and does not do anything else is more powerful today than it was in 1789. ted referred to the situation associated with the articles of confederation. he's right. but understand what the remedies wer

adam smith's theory of wages compensating differentials ."re does this make sense to you? >> it makes perfect sense to me. we get paid well for what we do. we devote our lives to the firm, we spend a lot of hours at the firm. we often joke if you divide the amount of hours that we spend that we get paid, we probably get paid the same as other average workers. job, but we doul it because we love it. at least i do. >> market economists are treated like piÑata is at most firms. >> know, you make that up. >> you and adam parker jointly s&p 3000 up 50% from here by 2020." his side of the equation was compounded corporate earnings growth of 6% over the next seven years. what was your side of the equation? >> my site goes back to that fantastic interview with christine lagarde. >> tom's fantastic interview. >> your as a group. the economy does not overheat. why do expansions and -- why do expansions end? the link with the rates are rising. right now we have delinquency rates that continue to a decline. that mediocre growth warrants mediocre monetary policy reaction. it warrants low ra

? -- apprenticeships? ♪ >> when in doubt, keynes. e global economy faces a new new yorker. adam smith and john maynard keynes. coy of peter "bloomberg businessweek." always great to read something about keynes. he was at bretton woods and said to go international. >> we can see today what was happening during the final waning years of world war ii. today we have terminate, the today webest germany -- have germany, the world's biggest account surplus. then, it is visiting .nternational coordination >> who is going to advise germany to be more like john maynard keynes? >> they're hearing a lot of it from other countries. international monetary fund, which had always been the austerity camp, and i have a quotation from somebody in the imf in my story. cry in 2008 it was that we are all keynesians now. it has been five years. who's calling that we are keynesians again? are you trying to start this movement? >> it waxes and wanes. as the economy seems to be recovering you heard less and less of this. but some of those voices are coming back. >> our people in the hedge fund world saying "we are

them nicely by summoning the representatives in the parliament or congress. adam smith was writing after the active union between england and scotland. his father was then growing on the trade that came from the baltic and from the european country. and as the money flowed in, he realized that the key moment in scotland into the development of great britain and more generally has been the active union of 1707 which dismantled the last internal land frontier. great britain was an island nation and there were no more internal. it could turn its energies outward and in the historical fact that i was a moment in which britain began. the miracle of the common law, that beautiful system whereby the law is and driven by the principles and then it applies to the cases but rather it grows up case-by-case each judgment serving as a starting point. we really are the odd ones out. it's not an instrument of state control but rather a mechanism opened it to the individual seeking to redress. and it contains an assumption of the rights. the common law system that begins to the state and assumes i

representatives. adam smith was writing from aboard shortly after the active union between england and scotland, which has growing on the trade that came from the baltic and as the money flowed in, he realized the key moment in the development of scotland in the developed into great britain were generally have been the union of 1707 which dismantled the last internal and hunter. from that moment, great britain was an island nation. there were no more internal quarrels and return its energies outward and indeed it's a matter of observed historical facts, does the moment of which britain became the dissent that took other nations. religious pluralism, island status. the miracle of the common law, that beautiful, bizarre system whereby the lot is not written down from first principles and then applied to particular cases, but other gross out case by case. each judge was serving as a starting point. no one is the overall controlling intelligence. the law in other words in english-speaking societies and we really are the odd ones out here is not an instrument state of control, but rathe

conveniently avoided recognize you but their principal political philosophers, starting with adam smith were almost uniformly as worried about corporate coercion as they were about government coercion. it is just a corporate coercion spilled over into government coercion at this principal instrument of control in addition to direct coercion and consumers of recipients. adam smith who was probably the most widely read political philosopher of his time, if you've been waiting to customs report. he read travelers who went all over the world at that time and trading and wrote their accounts, a voracious absorber of knowledge in very insightful person into human nature. he believed in public education. he believed in public works. he warned repeatedly about this this is getting together to collude. he was against government regulation because he believed he would be taken over by corporate power and used against the people, twisted. even someone like frederick k. x was someone who advocated in the words of his biographer, regulatory mechanisms to prevent fraud, deception monopolies and said there

with adam smith, were almost uniformly as worried about corporate coercion as they were about government coercion. it's just that corporate coercion spills over into government coercion, as its principle instrument of control in addition to direct corporate coercion on, say, consumers or other recipients. adam smith, who is probably the most widely read political philosopher of his time -- he even went into customs reports. he read travelers who went all over the world at that time in trading, and wrote their accounts, a voracious absorber of knowledge. he believed in public education. he believed in public works. he warned repeatedly about businesses getting together to collude. he was against government regulation because he believed it would always be taken over by corporate power and used against the people. twisted. even someone like frederick haiy was someone who advocated in the words of his biographer, regulatory mechanisms to prevent fraud, deception and monopolies and said there was a strong case for government providing, quote, some minimum of food, shelter and clot

writing of economist adam smith in how adam smith >> translator: your life. in outposts christopher hill remembers his time in the state department working in countries like poland, iraq and south korea. finally the online bookshelf, james mcpherson's new biography of confederate president jefferson davis. to see the full list visit political.com/bookshelf. this is booktv on c-span2, television for serious readers. here's a look at our prime-time lineup. tonight at 8:00 eastern new york university professor anna harvey examines the house of representatives on the judicial branch. former cia director and defense secretary leon panetta as he recalls his career in public service. afterwards at 10:00 p.m. eastern jay caliber and looks at the consumer debt collection industry. at 11:00 ronald kessler reports on the secret service and the first family. all happens tonight on c-span2's booktv. booktv covers 14 author events at the southern festival of books and in the next six hours we will bring you six of those events featuring 110 authors on race and inequality in america, the history o

to toe with everybody. >> brian: you've got mike smith as the defensive coordinator now. this is embarrassing for the red raiders. >> adam: 44 of the last 51. they've tripled the red raiders. i just did some math. b.j., bill snyder and kansas state trying to stay perfect. >> brian: easy for you to say. not for me to watch. demarcus robinson bounce off a couple of tacklers, caps off a 12-play, 85-yard drive, number 500 for the kansas state wildcat football program. >> adam: kansas shut out for the first time in a decade -- >> adam: kansas state thinking top 10. mountaineers can do it on flat ground as well. >> spencer: smith takes the handoff a 40 yarder for a touchdown, 34-10 at that point west virginia clint trickett doing an unbelievable job, 34-10. west virginia is a sneaky team. watch from the big 12 with no championship game, watch them because they will be lurking. >> adam: they will try to slow down t.c.u. next week. west virginia 4-0 on the road. b.j., little brother strikes again. >> brian: yeah, but you've got some players, does big brother, michigan state, jeremy langf

, recognizing that their principle starting with adam smith, were almost uniformly as worried about corporate coercion as they were about government coercion. it's just that corporate coercion spills over into government coercion, as its principle instrument of control in addition to direct corporate coercion on, say, consumers or other recipients. adam smith, who is probably the most widely read political philosopher of his time -- he even went into customs reports. he read travelers who went all over the world at that time in trading, and wrote their accounts, a voracious absorber of knowledge. he believed in public education. he believed in public works. he warned repeatedly about businesses getting together to collude. he was against government regulation because he believed it would always be taken over by corporate power and used against the people. twisted. even someone like frederick haiy was someone who advocated in the words of his biographer, regulatory mechanisms to prevent fraud, deception and monopolies and said there was a strong case for government providing, quote,

colin has thrown one more interception than alex smith has. should be a good game. the a's the fallout continues, not unexpected. the designated hitter not last night because he didn't see action. adam dunn is retiring from baseball. 462 home runs, he didn't see action, although there was a perfect spot in the top of the 8th inning with the bases loaded. he didn't get to play in what would have been his first postseason game. kind of surprising he's retiring, he's only 34-year- old. brandon crawford, grand slam for the giants and they are off to an early lead. scott reese is back there for us, we'll have a full live report. >> looking forward to it. >> tonight at 10:00 a woman stranded on the side of the road until someone stopped to give her a hand and that led to theft. >> hot tonight. friday is the hottest day of the week. fire danger coming up. >> thank you for joining us, you can find out more on ktvu.com anytime, facebook and twitter. bulldog: [yawning] it's finally morning! i can't wait to get to mattress discounters because the tempur-pedic bonus event is ending soon. i'll have

philosophers, and lo and behold, a lot of them from adam smith to vonmisis to russell kirk, we're not exactly what the corporatists who have distorted their philosophy would have us believe. many of them believe they were against socialism, against government planning to be sure. but they were for a safety net leading to milton friedman's minimum incomes plan and nixon adopting it. that heritage goes all the way back to henry simmons who is a founder of chicago school of economics and friedman's mentor. and goes back to hiyack who thought there had to be a safety net. public works was fostered by them. they had conservative philosophy. did not like monopolies. very eloquent in busting up monopolies. so we have doctrinal basis here, as well as current operational figures, some politicians, some writers. but most important, back there in the country, where people live, work and raise their children, the ideological chisms are not quite as parent because these people back home are facing reality. so we have a great deal of disagreement between left, right on reproductive rights and school prayer

this stuff. weren't they sort of archaic? so that's your point we're making. >> adam smith said the credit was the wheels on the vehicle of the functioning and prospering economy. and we have turned credit and obsession with the fed into the v-8 engine of that vehicle. now it's we can't turn on the news without seeing a picture of mario draghi or janet yellen or one of their comrades holding forth on how the world should work. it seems to me we have been issued government interest rates as if, you know, sea rations or something. so interest rates now are not discovered as one discovers prices in a frequent. but they are administered and opposed. in a sense of -- essentially we have kind of a price control. we don't call it price control, but i think the financial markets would come into clearer focus if we talk about quantitative easing. relative price control. >> did we know the price control typically there's no free lunches. >> they don't work. they haven't worked for centuries. >> we're going to come back to a lot of this. we pose a question whether the fed is to blame for the v

. >> joining me now to break down the latest in all these races, the tampa bay times adam smith in florida. msnbc political reporter caskac hunt. and political reporter adam smith. i got relatives in florida and they've said to me this is a hold your nose election. both candidates are very much under water with their favored ability ratings. is this going to turn out which candidates the residents of florida can stand come election day? >> i think it's more like which they can least stand. a little bit better than the other guy. because both these people are upside down in their poll ratings. $50 million of mostly negative ads. i think anybody watching that debate could tell they hated each other and probably the viewers hated most of them too. >> a lot of emphasis has been put on that debate last week with the fan incident. you said it was one of the odder things you've seen in covering florida politics, and you've been doing that for quite a long time. how much do you think that weird encounter has resonated with voters? is that the takeaway from this election, is the fan gate? >

people who believe that there is some invisible hand. adam smith from the 19th century that invisible hand is the only regulator we need and what working families know and what we have known for 100 years is if we live it to the invisible hand there is no chance for any of us. we need regulations you need minimums in. and a decent trade policy. and we can see the economy revive again. but the idea is all you need is business to make the decisions on their own to maximize profits, that's a race to the bottom around the world. >> well the federal number is $10.10 an hour. they say leave it up to the states. what do you say? >> i say that $10.10 is a minimum. we see l.a. moving to $15 an hour. we see germany with $11.60. we need minimum wages to stimulate the economy and create justice for working families. >> larry cowen, communications of america, give us an idea of what your union is doing for this mid-term. your workers are out pounding the pavement doing the social networking, knocking on the doors. are you confident that the turnout is going to be better than what the experts are p

wanted adam smith and congressman schiff to come on with us. at least mr. smith had the guts enough to do that. but, yeah, it does. it really angers me. because we did what we were supposed to do. and we saved lives. and we risked our lives to do it. so you're not going -- how dare you come and call us liars? it's basically calling the kettle black. i'm still get angry talking about it. i think i always will. >> the other contradiction we saw from leon panetta was whether he described this as an attack by terrorists to the president on the night in question. here's first mr. panetta and then exchange our own bill o'reilly had with the president earlier this year. watch. >> we told the president that there's an attack that's going on, that terrorists are involved. >> did he tell you it was a terror attack? >> bill, i'm answering your question. what he said to me was we got an attack on our compound. we don't know yet who's doing it. >> john, your reaction to that. >> you know, if he believed it was a terrorist attack at the time, the moment rice came out and said what she said about the

economists like adam smith, they theorized the economic clearly different from the neoclassical economist but because they have basically class-based theories. there were really no individuals in classical economic theory but for the capitals, the worker and there was the landlord. they basically tried to understand how economies get involved in the interaction between these three different groups. was neoclassical economists put emphasis on individuals. very different theory. one thing that you have to remember is that neoclassical economics is not the same as free market economics. neoclassical economics contains this theory, theory of market failure. if you're applied quite consistently you can actually just by huge range of government intervention. but there are neoclassical economist who are on the left of the political spectrum who criticize the free market policy. don't miss understand is, but it is true that more neoclassical economists are in favor of free markets and their theory is very different from the classical theory, even more different is the austrian theory re

. adam smith is the political editor for "the tampa bay times." and, adam, these two are virtually tied in recent polls but we're also seeing that viewers don't view them favorably. >> yeah, between them they spent $96 million in tv ads so far overwhelmingly negative so with ten days out, both these guys are pretty much loathed by the electorate down here. >> and now the big guns are being called in, bill clinton, chris christie will be there later today and it underscores just how important this race is for the 2016 presidential election, as well. >> yeah, florida is sort of a bizarre state because we're the ultimate, we're the biggest battleground state and yet in state politics, democrat party is virtually irrelevant in state government, so if the democrats win the governor's mansion with charlie crist that's going to be a huge deal and certainly worth a couple of points for the next presidential nominee whether hillary clinton or whoever else. >> and your best on who wins? >> my bet is -- i wouldn't bet. i will say we've already had more than a million voters cast their votes. the e