Bill Clinton: “Just a few weeks ago some people were arguing that all this would be deflationary and would repress the recovery. So I…”

“Just a few weeks ago some people were arguing that all this would be deflationary and would repress the recovery. So I guess you can find an expert to argue any opinion, but there is no evidence of that. The prevailing opinion at the Fed and the prevailing opinion in the economic community has been that the most important thing we can do is to bring down long-term interest rates by bringing down the deficit. You can't have it both ways. You're either going to bring down the deficit, or we're not. And everything in life requires some rigorous effort if you're going to have fundamental change. Small Business Exports”