Romney’s Other Credibility Problem: Glenn Hubbard
But the really important thing about Hubbard isn't his personality; it's that as an economist and an advisor, he is a total, unmitigated disaster.
The Sellout of the Ivory Tower, and the Crash of 2008 (Excerpt)
Over the last thirty years, in parallel with deregulation and the rising power of money in American politics, significant portions of American academia have deteriorated into "pay to play" activities.
FILE - In this July 21, 2010, file photo President Barack Obama greets Paul Volcker, Chair of the President's Economic Recovery Advisory Board, after Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection financial reform bill at the Ronald Reagan Building in Washington. Volcker, the former Federal Reserve chairman died on Sunday, Dec. 8, 2019, according to his office, He was 92. (AP Photo/Charles Dharapak, File) ORG XMIT: NYBZ167
The Financial Crisis and America’s Political Duopoly
What unites the midterm election results, the Federal Reserve's decision to spend another $600 billion to keep interest rates down, the failure to address the foreclosure crisis, and America's worsening relations with its G-20 partners? And, more generally, what explains the Obama Administration's toothless response to the financial crisis, in particular its reversion to status quo regulatory and economic policies, over the past two years?
Summers Down, Fifty Odd More to Go
In the worst financial bubble in history, nobody committed a crime. It was possible to conceal liabilities, inflate assets, bet against the securities that you sold as totally secure, without committing a single fraud. Isn't that amazing?