5.5.2010
Bill Clinton’s understanding of the economics of the recent past is quite impressive. He explains the following concepts quite well:
The overgrowth of the financial industry vs other industries and its damage to real economic growth
The danger of leaving the gold standard
The situation surrounding the Goldman Sachs/John Paulson CDO trade
Either he got a great coaching session or the former President has a very good grasp on what’s going on. Perhaps he can speak freely because he is not in office, but he appears to understand economics and finance much more than either P. Bushie or Daddy O. Watch:
