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The Fed is 100 years old. Does it still have a future? The Obama political coalition is going on six years old. Does it have a future?

This year is the 100th birthday of the Federal Reserve Board. What does it do? What has it done? Is it still necessary?  Former Fed official Stephen Axilrod explains it all.

Any large political coalition is always going to be hard to hold together, and that presents problems for Democratic congressional and presidential candidates in 2014 and 2016. Harvard political scientist Ryan Enos explores potential backlash to the Obama electoral coalition.

And Bill Press interviews Virginia Congressman Bobby Scott about the perils of privacy invasion.

Stephen Axilrod

Economist Stephen Axilrod is now an international monetary consultant, but before that he spent more than 30 years as a top official of the Federal Reserve Board. He says the Fed may have had some responsibility for the 2008 fiscal crisis … but also played a crucial role in preventing a full-scale meltdown.

http://global.oup.com/academic/product/the-federal-reserve-9780199934485?cc=us&lang=en&tab=description

Ryan Enos

It’s going to be hard for the Obama electoral coalition to stay together in 2014 and 2016, says Harvard political scientist Ryan Enos. He has done studies on voting behavior of whites, blacks and Latinos in some of America’s biggest cities. And he says Democrats will have to figure out how to prevent cracks in the coalition.

http://www.gov.harvard.edu/people/ryan-d-enos

Bobby Scott

Bill Press interviews Virginia Congressman Bobby Scott about the perils of privacy invasion.

http://www.bobbyscott.house.gov/

Jim Hightower

A new home for poverty in America.