i have another thing to ask amity shlaes.orked for bloomberg financial in the wall street journal. where was she when this was getting ready to happen and everything was going down the tube. we heard things that were great in 2008, and 2007 and you are crazy. >> none of us -- i wrote about fannie mae and freddie mac and i did not write enough about overleverageing. i was concentrating on the forgotten man's book which is about the possibility of downturn. for getting your second question. what was the second question? >> you weren't writing about that. are you working on a book currently? >> i am working on two books -- three books but two which are proximate. one is a graphic version of the forgotten man book. it is 180 pages. it will be the forgotten man graphic like with comex and i am excited about that and working with two artists. check dixon and an actual illustrator who is in canada to make the forgotten man graphic because although it has been translated into other languages other people have said i like the story so

>> host: amity shlaes? >> guest: one of the things we have been talking about at the council on foreign relations is what is the next currency going to be? you get the argument will it is going to be a global currency, a dollar plus zero instead of the dollar but we have also talked about the possibility a global currency might come from the private sector because technology makes that possible. you see and ads of the credit-card companies they like to treat themselves as money, gold credit card, the currency credit card. you will see those phrases in ad campaigns of the big names. i think the threat to the dollar will come not just from the chinese currency or from the euro but also from the private sector somehow or other. if you entered qa 20-year-old in india and say which the trust mark yourself phone company or the u.s. dollar, he might hear the cell phone company name. that is interesting and finally that is not necessarily horrible, to have a private money or a free money. it is good to have competi

. >> amity shlaes de syndicated columnist for bloomberg and dean baker, co-director of center for economic policy research discuss the current economic situation. this hourlong program whi