The momentum today behind the idea of a new global reserve currency reflects, in effect, the rise of the rest in world politics and economics, led by China.

Trump said we got snookered. That those agreements like NAFTA were the worst agreements ever and suggested that our trade negotiators were snookered by these smart negotiators from Mexico or Africa. It is laughable. I have watched these trade negotiations. We got what we wanted.

Global demand for dollars has supplanted demand for manufactured goods and services, resulting in multilateral trade deficits and loss of jobs at home.

The reason that the invisible hand often seems invisible is that it is often not there.

The only people benefiting in Iraq war are George Bush's Jr. friends in the oil industry. He has done the American economy and the global economy an enormous disfavor, but his Texan friends couldn't be happier.

As a rich country, we can, in some sense, "afford" the war. But spending money on the war means that we are not spending money on other things that we could have spent the money on.

The problem is a lot of what is called economics is not economics. It is more ideology or religion.