- Clinton was asked yesterday “Is Bill Bernanke correct when he says the recession is over?” His answer was: Yes, No, and Maybe. His explanation: Yes if you’re a professor of economics, since technically the recession is over after two quarters of growth. No, because hiring is a lagging indicator, and it can take a year after the stock market starts recovering for jobs to recover. Maybe, because people can be easily spooked by events and the market can easily fall back due to our concern and fear.
- Interdependence: This is the one word Bill Clinton believes describes the 21st century world. He also stated that the world faces 3 persistent challenges: inequality, instability, and unsustainability.
- Clinton: Solving the climate crisis through innovation would be the #1 best thing we’ve done since entering World War II. We cannot have a new source of jobs, and thus a new wave of economic prosperity, without it.
Bill Clinton’s Take on Innovation, Globalization, and Technology
