Hillary Clinton Embraces Bubble Driven Growth Model

This is what the NYT told readers in an article that reported Secretary Clinton wants to embrace her husband's economic record as president. While the last four years of the Clinton presidency did have low unemployment and rising real wages for workers at the middle and bottom of the income distribution, these gains were driven by the demand generated by the stock bubble.

The bubble led to a surge of investment in high tech, as start-ups were using the money they could raise from issuing stoc...