John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, previews Federal Reserve chairman Ben Bernanke's semiannual testimony before the Senate Banking Committee today in Washington. Taylor, speaking with Betty Liu on Bloomberg Television's In the Loop, also talks about the Fed's monetary policy and the outlook for a US economic recovery.

Charles Blahous, a Hoover research fellow who currently serves as one of the two public trustees for the Social Security and Medicare programs, discusses the underfunding problems of pensions and Social Security and what we need to do to fix them.

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, discusses his predictions for the economy on CNBC.

Charles Blahous, a Hoover research fellow who currently serves as one of the two public trustees for the Social Security and Medicare programs, discusses legitimate differences over the program's appropriate future direction. Beginning with a review of the events of 1983 and focusing on the substance, intent, and scorekeeping of that year's Social Security reforms, Blahous explains what happened then, why, and how it led to sharply divergent views of program finances during the Bush administration's reform initiative as well as today.