Boom, Bust, or What? Larry Summers and Glenn Hubbard Square Off on Our Economic Future
. Planet Money's Adam Davidson profiles Glenn Hubbard
(chair of the Council of Economic Advisors under George W. Bush, and advisor to Romney) and Lawrence Summers
(Treasury Secretary under Clinton, and director of the National Economic Council under Obama). After talking to them one-on-one for several months, he gets them together in the same room.
Hubbard suggested turning Social Security and Medicare into smaller programs that help “the least well off among us.” With smaller social-insurance programs, the government can prevent tax increases and shrink the debt burden. That, he said, would lead to broad economic growth. [more inside]
posted by russilwvong
on May 4, 2013 -
Hypothesis as thought-crime
...Now, however, a new brouhaha has erupted [at Harvard]and it seems impossible that Summers [the president]will emerge from this one without serious erosion of his moral authority. The trigger was a statement he made at a conference, suggesting that the reason there are more men than women in the mathematical sciences at top-flight institutions has to do with a small statistical difference in inate ability, which becomes a pretty large disparity when one looks at the 'high end' of the respective distribution curves...
The fatal words did not set forth his main theme, but merely constituted a brief aside, thoroughly hedged and qualified. Nonetheless, they touched off a firestorm of indignation, the most striking aspect of which was the intemperate response of a number of feminist scientists, who offered no counter-arguments, but simply declared the whole idea misogynistic and therefore forbidden intellectual territory.
posted by Postroad
on Jan 31, 2005 -