mr. geithner: in which direction? [laughter] [applause] ms. sandberg: i think tim just made up for his prior pessimism with humor. mr. paulson: in all seriousness -- mr. geithner: i was serious. mr. paulson: it is a huge issue. we talked with economic advisers. my first speech as treasury secretary was on the topic. i will come back to what bob said. when i looked at it -- and of course, there is big debate that comes with drivers, and globalization is a force -- but i think what is going on with technology and the digital revolution huge. i think it is the biggest economic trend in the world today, by far. i think it brings with it huge advantages for society overall. but the pace of change is so fast. as i look at industry after industry, whether it is engineering, architecture, business, you see the middle being carved out. anything that can be routinized is being routinized. it is winner take all. you have to ask yourself and say, i have a believe this is progress. i cannot turn back the clock. most of the new technologies i see are really

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 nsa information gathering program, the work in the house on immigration, and the role in iowa on the 2016 race. "washington j

mr. geithner: good luck with that. [laughter] mr. rubin: you got the wrong group. mr. geithner: you start with hank and you'll never get to us. [laughter] mr. sandberg: hank, we are going to start with you. one word, one phrase, are you ready? if you could do one change unilaterally, what would it be? mr. paulson: to save our future. mr. geithner: to make our fiscal policy. ms. sandberg: when did the -- when will they change rates? do better. >> if you ask an english major i will say early next year. >> i think what matters is they do it at the right times and i think it will be very dependent. >> one word. who was her biggest global economic competitor? >> ourselves. >> i agree. >> i concur. >> what will be the number one issue in the 2016 presidential campaign? >> i defer. >> income disparity. >> that is an interesting question. i would say a variant of what hank said but mine is a better version. stagnant wages. >> last book you read. >> i am reading three books right now. the last living unich in china. it is actually a very interesting book. [laughter] >> lightning