Glenn Hubbard on Tax Cuts, Growth, Inequality, & Secular Stagnation

The Politics Guys

Michael Baranowski

Politics, News

4.5 • 772 Ratings

🗓️ 27 September 2017

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mike talks to economist Glenn Hubbard. Dr. Hubbard is dean and Russell L. Carson Professor of Finance and Economics at Columbia Business School. In addition to writing more than 100 scholarly articles in economics and finance, Dr. Hubbard is the author of three popular textbooks, as well as co-author of The Aid Trap: Hard Truths About Ending Poverty, Balance: The Economics of Great Powers From Ancient Rome to Modern America, and Healthy, Wealthy, and Wise: Five Steps to a Better Health Care System. Dr. Hubbard also has a wealth of real-world economic policy experience. From 1991 - 1993 he was a Deputy Assistant Secretary of the Treasury. From 2001 until 2003, he was chairman of the U.S. Council of Economic Advisers under President George W. Bush, where he played a key role in the design of the 2003 Bush tax cuts. He also served as an economic advisor to the 2008 and 2012 presidential campaigns of Mitt Romney, and the 2016 campaign of Jeb Bush. In the corporate sector, he serves on the boards of ADP, BlackRock Closed-End Funds, and MetLife. Dr. Hubbard is co-chair of the Committee on Capital Markets Regulation, a past Chair of the Economic Club of New York, and a past co-chair of the Study Group on Corporate Boards. Mike and Dr. Hubbard discuss the fall of great powers throughout history, whether economists are too disconnected from the real world, pro-growth tax reform, what economists agree on, the value added tax, and lots more. Dr. Hubbard Recommends: - The Economist | https://www.economist.com/ - Think tank research. Two of our favorites at The Politics Guys are the right-of-center American Enterprise Institute (http://www.aei.org) and the left-of-center Brookings Institution (https://www.brookings.edu/) Dr. Hubbard's Website: http://glennhubbard.net/ We hope you’ll consider checking out the sponsor of today’s show: SeatGeek. Politics Guys listeners get $20 dollars off their first SeatGeek purchase. Just download the SeatGeek app or go to http://www.seatgeek.com and enter promo code POLITICSGUY. Listener support helps make The Politics Guys possible. If you’re interested in supporting the show, go to http://www.politicsguys.com and click on the Patreon link.Support this podcast at — https://redcircle.com/the-politics-guys/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the politics guys. I'm Michael Baranowski, a political scientist at Northern Kentucky University.
0:33.6	My guest today is economist Glenn Hubbard. Dr. Hubbard is Dean and Russell L. Carson Professor of Finance and Economics at Columbia Business School. In addition to writing more than 100 scholarly articles in economics and finance, Dr. Hubbard is the author of three popular textbooks, as well as co-author of The Aid Trap, Hard Truths About Ending Poverty, Balance, the Economics of Great Powers from Ancient Rome to Modern America, and Healthy, Wealthy and Wives, Five Steps to a Better Health Care System.
0:55.6	Dr. Hubbard also has a wealth of real-world economic policy experience.
1:00.5	From 1991 to 1993, he was a Deputy Assistant Secretary of the Treasury.
1:05.7	From 2001 until 2003, he was chairman of the U.S. Council of Economic Advisors under President George
1:13.1	W. Bush, where he played a key role in the design of the 2003 Bush tax cuts. He also served as
1:20.0	an economic advisor to the 2008 and 2012 presidential campaigns of Mitt Romney and the 2016
1:26.5	campaign of Jeb Bush. In the corporate sector,
1:29.6	he serves on the boards of ADP, Black Rock, closed-end funds, and MetLife. Dr. Hubbard is
1:35.8	co-chair of the Committee on Capital Markets Regulation, a past chair of the Economic Club of New York,
1:41.7	and a past co-chair of the study group on corporate boards.
1:45.9	My initial introduction to Dr. Hubbard was, well, less than positive, I guess you could say.
1:53.1	In 2010, the documentary filmmaker Charles Ferguson came out with a movie called Inside Job,
2:00.2	which was all about the financial crisis and
2:03.0	who caused it, who was responsible, who had their heads in the sand, that sort of thing.
2:07.1	And I thought it was a really intriguing documentary.
2:10.3	It was very much sucked in.
2:12.4	It definitely took a strong ideological viewpoint left of center.
2:16.9	One of the subjects in this interview was Dr. Hubbard.
2:20.5	And he came off looking like, well, like a pretty big jerk. And so when I was thinking about who
2:30.6	we might want to bring on the show to the interview, I thought of Dr. Hubbard because,
2:36.1	you know, I tried to push past some of my preconceptions and so forth. And I thought, even though
	...

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