There are a lot of interesting tidbits in this morning’s op-ed by Glenn Hubbard, a Columbia economics professor and one of Mitt Romney’s top advisers. James Pethoukis highlights Hubbard’s endorsement of literature suggesting, against the view of most macroeconomists, that austerity is stimulative in the short-run. But what I found more interesting is the mechanism that Hubbard identifies as the cause of austerity’s allegedly stimulative effect.
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BING NEWS:
- Mitt Romney Says He Respects Biden and His Decision ‘Is in the Best Interest of the Country’
Romney said others will judge Biden’s presidency. “However, having worked with him these past few years, I respect President Biden. His decision to withdraw from the race was right and is in ...
07/21/2024 - 1:24 pm | View Link - More
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