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We have a wonderful guest to begin across the nation worldwide.

He is Adam Pozen, yes, running the Peterson Institute, but far more one of our leading economists,

including a very visible effort at the American Economic Association meetings over the weekend.

Adam, I thought much more than normal, these headlines, these meetings made headlines.

What was the lead thought that you got out of the discussions of Pozen,

Yellen, Bernanke, and others? The main thought, Tom, of course, centered around Ben Bernanke's

annual presidential address

Not that he gives it every year but this year he was president and it was a major plea and argument more than plea that

monetary policy can offset the next recession successfully

that there is room to go negative on interest rates that QE done properly on

the large scale can make a big difference.

And frankly there was a pushback on that.

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