Yes, former President Clinton believes going off the gold standard in 1971 has been the source of our financial problems. I nearly fell off my chair--surely, it must have been a Freudian slip on his part.
http://www.youtube.com/watch?v=LfjBdfKJMO4
Democrat or Republican, most voters respected President Clinton for his fiscal policies while the economy prospered during his presidency in the '90's. His conclusions on Goldman Sachs are insightful, if debatable, but his ideas on the gold standard are surprisingly forthright, given the government's preponderance to demonize gold--and ridicule gold enthusiasts. See commentary on this interview.
http://www.economicpolicyjournal.com/2010/04/hell-has-frozen-over-bill-clinton.html
Wednesday, May 5, 2010
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