Re: Re: Robert Glenn Hubbard

[Jim Devine <jdevine@xxxxxxxxxxxxxxx>]

Louis writes:
> > George W. picked a fellow worker at Columbia to head up the Council of
> > Economic Advisers. His papers are at:
> > http://www.gsb.columbia.edu/faculty/ghubbard/Papers.htm. I can't understand
> > most of what he writes. What I do understand, I take violent objection to.

Brad writes:
> Even the stuff about how corporate investment is determined not by
> interest rates but by corporate cash flow?

that's interesting (though likely not to Louis). So the CEA might be led by
someone who thinks that monetary policy isn't very effective?

Jim Devine jdevine@xxxxxxx &  http://bellarmine.lmu.edu/~jdevine