Robert Rubin

That's why if I were the Fed, I'd be focused on both aspects of my dual mandate, Humphrey Hawkins, but I would be quite concerned with not allowing inflation to move in a way that is threatening.

Yes, I do, but it's complicated.

We have such, I really am troubled about, trouble is the wrong word, it is tragic what we're doing to ourselves and what this administration is doing on so many dimensions, in my opinion, in terms of public policy, because I think we have enormous strengths compared to others.

I'm repeating myself, and I know that.

We have flexible labor and capital markets.

We have dynamic culture.

We have capital markets that are unrivaled in any place else in the world.

We have great universities, though now we're attacking them in ways that are,

usually counterproductive, in my opinion, and so much else, natural resources.

We have so much else going our way.

But we are doing a lot of damage.

Yes, I would still invest here, because I think, look, I think ultimately it's going to depend on what happens to our political system, and I think sooner or later we'll come back, I hope, I hope is the right word, I think the odds are we will come back at some point to the historical system that we've had.

We have a conservative party

There's sort of a Ronald Reagan as a historical conservative.

You have a progressive or liberal democratic party.

Whatever you want to call it, center-left, I don't care.

And then they have the debates, and we're back where we used to be.

It won't be the same.

It will not be the same.

But it'll be some analog to that.