It’s worth noting that you can devote your life to community service and be a total schmuck. You can spend your life on Wall Street and be a hero

I do think creating an open free-trade economy but with strong social support is the way to go.

It’s only useful to ask, what wisdom have you learned from your misjudgments that will help you going forward?

If you're running a successful administration, then you're loyal to people who are basically good who make a mistake. And that seems to be essential for any organization. And it should be essential if this were a normal administration, rather than a fiefdom, where everybody simply tries to give Donald Trump a good headline every day.

America has an important role to play as the world leader in creating a global order, free trade, free waterways, free commerce, free movement of people. That happens because of U.S. military might.

Donald Trump has a pre-modern monarchic family structure. His business is a monarchy with family members all around. His administration is a monarchy with family members all around.

It’s easy to see why politicians would be drawn to the populist pose. First, it makes everything so simple. The economic crisis was caused by a complex web of factors, including global imbalances caused by the rise of China. But with the populist narrative, you can just blame Goldman Sachs.