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Somers was flat out wrong on his fears over inflation. responding to the claims that inflation will come down next year saying "i hope she's right but i think it's much less than a 50/50 chance." he goes on to say if the treasury cannot fully recognize the inflation reality, they are unlikely to deal with it successfully. let's bring in our panel, president of the american action forum and former c.b.o. director. and the chief economic advisory at allianz and great to have you both. how do we look at this? clearly, larry somers is looking at the situation saying we're looking at a congress tha...

And i will never hesitate to protect my country or our allies unilaterally and by force where necessary. but i stand before you today believing in my core that we, the nations of the world, cannot return to the old ways of conflict and coercion. we cannot look back. we live in an integrated world. one in which we all have a stake in each other's success. we cannot turn back those forces of integration. no nation in this assembly can insulate itself from the threat of terrorism or the risk of financial contagion. the flow of migrants, or the danger of a warming planet. the disorder we see is no...

Between nations or any single ideology. and if we cannot work together more effectively, we will all suffer the consequences. that is true for the united states as well. no matter how powerful our military, how strong our economy, we understand, the united states cannot solve the world's problems alone. and iraq, the united states learned the hard lesson, that even hundreds of thousands of brave, effective troops, trillions of dollars from our treasury cannot by itself impose stability on a foreign land. unless we work with other

Between nations or any single ideology. and if we cannot work together more effectively, we will all suffer the consequences. that is true for the united states as well no matter how powerful our military, how strong our economy. we understand the united states cannot solve the world's problems alone. and -- in iraq the united states learned the hard lesson that even hundreds of thousands of brave, effective troops, trillions of dollars from our treasury cannot by itself impose stability on a foreign land. unless we work with other nations under the mantle of