mr. rubin: yes. ms. sandberg: tim, you seem to have started this trend. hank, and a special sock behavior? iphone or android? mr. geithner: iphone. mr. paulson: iphone. mr. rubin: blackberry. ms. sandberg: most economically literate president. mr. rubin: i think bill clinton was massively illiterate -- massively literate. mr. paulson: george w. bush. mr. geithner: i would say it has to be obama or clinton. ms. sandberg: paper or kindle? mr. rubin: paper. mr. paulson: kendall. ms. sandberg: news online or on paper? what do you do to relax? mr. paulson: you do the same thing i do. fishing. mr. rubin: but i really do it well. mr. paulson: he may cast better but i catch more fish. mr. geithner: i do that too but i read. >> on next washington journal, virginia congressman gerald connolly is here to talk about the debate over nsa surveillance programs, the fight against isis in iraq and syria, and other foreign-policy issues in congress. then representative steve king of iowa, a member of the agriculture and judiciary committees will discuss the future of the ns

mr. rubin: there really is nobody to play the role that the united states has played for many, many decades now. i think we pair -- play fair trading rules and there is a whole host of issues, no one will play the role that the united states can play. ms. sandberg: the role of america, changing? mr. paulson: it is changing, and all of my friends appear, they -- all of my friends appear, as tim said, we are the strongest and the biggest economy in the world, and if i don't see anyone out there -- and i don't see anyone out there who can fix the problems that we can and we have to lead by example. sure, the political system makes a heart for us to do this today, but i think the thing that we need to do is to show leadership and first, we have to correct . who wants to follow -- we have to be a good example. it starts with what we do at home. secondly showing leadership abroad. take china as an example. china has many more problems. as i have said over and over again, you can make a mistake and ov

mr. rubin: i will give you two answers. the fundamental challenge for our countries having effective government. i think social media plays and a norman in public opinion. i think it has become, to some extent, a conductor of ideology. an echo chamber. the converse would be if social media, whoever has responsibility, could find a way to engage the american people in recognizing that we must have effective government. and that we should insist our elected leaders be committed to governments and printable compromise to find common ground. i do not know much about social media. i do not want to facebook, as you pointed out. i think properly the -- used, it could play a major role. in terms of policy itself, i think the most important thing we could do is well constructed fiscal policy. and simultaneously enacted retirement reform. in addition to that, immigration reform and education. we need to increase the minimum wage. we need to give workers and even playing field in terms of the right to decide on collective bargaining.

down we go and mrs. 1995, the acclaimed rubin dollar. we believe in a strong dollar. down the go.his since vonnie quinn was in grade school. brendan: what fascinates me is that we read things that are completely on the filtered one of them is capital control. to the point of your chart, the possibility there might be a new agreement. this is something that five years ago might not be talked about it. tom: mark says we're back to trend and he suggests months out, not quarters out. you could see a euro of .82. what does the euro of .8 to do to europe? vonnie: they are already complaining at 111. tom: he's a big moves. -- these are big moves. >> this could end up being called the yellen dollars and this is driven by the u.s. fiscal position. we are not seeing action from the u.s. fiscal position. it a complete focus on the bond market. tom: are you suggesting that the yellen dollar is not about what the u.s. does, but what about other currencies do? >> is about global rebalancing. this is what ben bernanke was talking about years ago when pondering the conundrum. it is easy to forget