Live on Bloomberg TV

00:00BUSINESS AS WELL. HEDGE FUNDS ARE RELATIVELY SMALL FOR US. ERIK: BEFORE WE FINISH, THERE IS ONE TOPIC I KNOW YOU HAVE GIVEN A LOT OF THOUGHT TO. WHAT DOES THE NEXT PRESIDENT OF THE UNITED STATES NEED TO DO TO REVITALIZE GROWTH IN THIS COUNTRY AND TO BRING ABOUT THE KINDS OF THINGS THAT SOME OF YOU PEOPLE WANT TO SEE? WAGE INFLATION AND INFLATION IN THE CONSUMER PRICE INDEX. DAVID: WHEN I WORKED IN THE CARTER WHITE HOUSE, WE MANAGED TO GET INFLATION AT EIGHT DOUBLE-DIGIT PEOPLE MADE FUN OF US. WE HAVE BEEN AVERAGING INFLATION AT 2%. 3% OR 4% INFLATION IS NOT A BAD THING. IF YOU GET INFLATION, IT COULD BE GOOD FOR THE ECONOMY. THE NEXT PRESIDENT HAS TO SAY -- HOW CAN I BREAK UP THIS FUNCTION THAT EXISTS? HOW CAN I HANDLE THIS DYSFUNCTION BETWEEN CONGRESS AND THE EXECUTIVE BRANCH? ERIK: THAT WOULD BE A GOOD START. DAVID: WE NEED COPPERHEADS OF TAX REFORM AND THAT HAS NOT BEEN DONE FOR QUITE A WHILE. THIRD, WE NEED SOMETHING IN THE INFRASTRUCTURE. INFRASTRUCTURE IN THE UNITED STATES IS CURRENTLY. I DON'T MEAN JUST BRIDGES AND ROADS AND AIRPORTS, BUT THINGS LIKE CELL PHONE CONNECTIONS AND THINGS LIKE THAT, WATER TREATMENT PLANTS. ALL THESE THINGS NEED TO BE DONE. WE ALSO NEED TO BE SURE THAT WE HAVE SOMETHING IN TRADE. WE CANNOT PUT OUR HEAD IN THE SAND AND SAY TRADE IS ABOUT THE. BAD THING. THEIR MANY OF THINGS THAT HAVE NOT BEEN DEALT WITH, BUT THE MOST IMPORTANT THING IS THE NEXT PRESIDENT NEEDS TO SIT DOWN WITH CONGRESS AND SAY, LET'S SEE HOW

No schedule data available.

BTV Channel FinderWatch BTV in your area

Rubenstein: How the Next President Can Revitalize Growth

David Rubenstein, co-chief executive officer at Carlyle Group, offers his opinion on what the next president can do to revitalize growth in the U.S. He speaks with Bloomberg’s Erik Schatzker at the Aspen Art Museum in Aspen, Colorado on "Bloomberg Markets." (Source: Bloomberg)

More From Bloomberg Markets
All episodes and clips