On today’s episode I talk to Glenn Hubbard.
Mr. Hubbard is widely considered as one of the greatest economists in the world.
He was also The Former Chairman of The Council of Economic Advisers under President George W. Bush from 2001 to 2003. Mr. Hubbard was The Dean at Columbia University’s School of Business from 2004 to 2019. From 1991 to 1993, he was The Deputy Assistant Secretary of Tax Policy to The US Treasury under President George H. W. Bush. Lastly, he was the Former Chairman of the Economic Club of New York. He is the current Chairman of the Board at MetLife. Mr. Hubbard is also a Board Member at KKR Fin Corp, as well as a Director of BlackRock fixed income funds.
Mr. Hubbard is the author of a number of economic and socioeconomic texts, with a focus on conservative fiscal policy and taxation. In 2009, he wrote and published The Aid Trap with economist William Duggan Columbia University Press, criticizing the aid system provided by NGOs in western countries as preventing internal growth in poorer nations. In 2013, he published Balance with former intelligence officer and economist Tim Kane.
Mr. Hubbard was Mitt Romney’s Go-to economist during the 2012 election against Barack Obama; meaning he would have been either Fed Chair or Secretary Treasury if Mr. Romney won.
In this episode we talk about his professional career, his challenges as Chair of CEA during the dot.com bubble burst and 911 recession, his greatest accomplishments as Chair of CEA, Biden’s American Jobs and Infrastructure Plan, inflation problems, economic recovery, Bush tax cuts of 2001, Trump tax cuts of 2017, bankruptcy, a company’s capital structure/recapitalization, short-term liquidity, how interest rates affect equities, and valuation of a company going IPO.
Chapter Markers:
0:08-0:59, Introduction of Glenn Hubbard
1:00-43:38, The Talk
43:38- 45:31, Key Takeways from the episode
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