American Samizdat

Monday, January 20, 2003. *
Lying Bastards: from Paul Krugman's Off the Wagon "The administration's top economist certainly changed his mind about deficits very late in the game. Glenn Hubbard, chairman of the Council of Economic Advisers, recently denied that deficits raise interest rates and depress private investments. Yet Mr. Hubbard is also the author of an economics textbook; as Berkeley's J. Bradford DeLong points out on his influential Web site, the 2002 edition of that textbook explains how, yes, deficits raise interest rates and depress private investment."
posted by Joseph Duemer at 5:58 AM
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