Wednesday, May 5, 2010

Bill Clinton Praises Gold Standard

This from Economic Policy Journal, an interview conducted at the Peterson Institute by Bob Schaeffer.

Former President Bill Clinton blames the current financial crisis on the U.S. leaving the gold standard.

During an interview conducted at the Peterson Institute by Bob Schaeffer, Clinton sounded like a hardcore gold bug as he said that the problems in the economy started when the U.S. went off the gold standard.

He then hedged a bit and justified the U.S. leaving the gold standard for “economic management” reasons...

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