Sunday, April 04, 2004
If the name rings a bell, it may be because you remember Hubbard from his recent stint as head of President Bush's Council of Economic Advisors.
You may even remember his statements bemoaning the "current fixation" with budget deficits, or the time he called "nonsense" the view that higher deficits lead to lower growth.
Brad DeLong tackled the issue of Hubbard's willingness to let Republican ideology trump the facts in this January 2003 post. DeLong makes a strong case that during his time in the Bush administration, Hubbard wound up essentially bartering his acadmic integrity for a seat at the Big Boys table.
So why is Bollinger rewarding bad behavior?