Posted by Tim Shoemaker on 04/29/10 11:22 AM Last updated 04/29/10 2:10 PM   [Newer: Papers, Please!] [Older: Republican Filibuster About to Collapse]

Not quite... but surprisingly he did mention going off the gold standard as a primary cause of our financial troubles.

Writes Robert Wenzel of EconomicPolicyJournal.com:

File this under unexpected. 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.

Those economic management reasons were, of course, that the U.S. had printed so many dollars at the then price of gold ($35 per ounce) that the U.S. did not have enough gold to back up all the money it printed. But Clinton's statement clearly implies that he understands that gold is a check on out of control government printing of money.

The video of the Clinton interview can be viewed here.

H/T to Lew Rockwell.

Posted 04/29/10 11:55 AM Dan Prentice Spring Hill, FL

"Economic Management Reasons" Wow what an ego

Posted 04/29/10 12:12 PM earlthepearl1111 San Jose, CA

What William Jefferson (Rockefeller) Clinton Doesn't Say Is That The Federal Reserve Act of 1913 And The 16th Amendment Were Introduced To Destroy Wealth And To Eventually Bankrupt The Nation, While Consolidating Power Into The Hands Of The Very Few.. Commenting About The Gold Standard Is Meaningless Unless You Explain In Detail The Totality Of Competing Currencies And The Fraud called 'The Federal Reserve System.'

Posted 04/29/10 12:58 PM BruceKoerber Cedar Rapids, IA

Ego-driven interventionists offer their ego-driven interpretations instead of acknowledging that there is no moral authority to intervene in the economy.

Posted 04/29/10 3:39 PM malinens Riga, Latvia

Why attack B. Clinton? He balanced budget, managed economy quite well... =)

Posted 04/29/10 6:09 PM T-Paine Waddell, AZ

@malinens What else did he manage in our lives? Did he manage what we eat? Where we work? What we buy, Where we live, how many kids our wallets can support? Those who wish to manage the economy manage every aspect of society since the main singular component of society is economic needs of each person. The first societies were formed so that each member can hunt and fend off the bears. Societies grew but the basic reason we interact with society is economics. Its the reason why people move to big cities and make them bigger. They move for jobs and opportunity and if you allow someone to manage that then you allow that person to manage everything.

Posted 04/29/10 11:25 PM UP4Liberty Upper Pottsgrove, PA

Bill Clinton = CFR = Bad News. Pardon me while I recoil in disgust - and then vomit - at Rockellefer Clinton's morally tainted observation that the world's financial system has tanked since we: 01. Violated contract law - by reneging on our end of the Bretton-Woods agreement - because we printed so many dollars our gold reserves could not back our printed commitments when we went off the gold standard... 02. This supreme douche b** signed into law the termination of the Glass and Steagall Acts... 03. Thhese two acts would have prevented the financial crisis which is strangling our citizenry...Gee Billy - thanks for the "effort"... 04. How can this CFR "stooge" still be on the world's stage? 05. Can we not find better representatives to lead our cause in freedom and liberty?

Posted 04/29/10 11:25 PM UP4Liberty Upper Pottsgrove, PA

Bill Clinton = CFR = Bad News. Pardon me while I recoil in disgust - and then vomit - at Rockellefer Clinton's morally tainted observation that the world's financial system has tanked since we: 01. Violated contract law - by reneging on our end of the Bretton-Woods agreement - because we printed so many dollars our gold reserves could not back our printed commitments when we went off the gold standard... 02. This supreme douche b** signed into law the termination of the Glass and Steagall Acts... 03. Thhese two acts would have prevented the financial crisis which is strangling our citizenry...Gee Billy - thanks for the "effort"... 04. How can this CFR "stooge" still be on the world's stage? 05. Can we not find better representatives to lead our cause in freedom and liberty?

Posted 04/30/10 01:37 AM JImmythegent that place, Canada

Geez, could the gold and silver markets be manipulated too? ಠ_ಠ http://linkb.com/platinum_case

Posted 04/30/10 1:12 PM WinstonSmith1984 Oceania, United Kingdom

UP4Liberty: I'm cracking up that "bag" is profane enough to be spelled "b**".

Posted 05/03/10 09:04 AM jryznic palm beach gardens, FL

If slick willie supports a "gold standard", that is because they (central banks) have stolen all of the gold.