Richard Fisher: 'Horrifically bad' education system biggest economic threat

Richard Fisher, Barclays Senior Advisor and former president of the Federal Reserve Bank of Dallas, says America's "horrifically bad" primary and secondary education system is the biggest long-term threat to the U.S. economy.

Fisher worries the U.S. will struggle to compete with other countries like China, where he says there is a more of a cultural and family emphasis on education – especially science and math.

Watch the video above for more from Fisher on education.