Glenn Hubbard: ‘The economy needs more than neoliberal medicine’

Glenn Hubbard: ‘The economy needs more than neoliberal medicine’

This is part of a monthly series, Economists Exchange, featuring conversations between top FT commentators and leading economists about the coronavirus economic recovery In the autumn, Glenn Hubbard, a former dean of Columbia Business School and longstanding Republican economic adviser, thinker and policymaker, stuck out his neck. At a time when many Republican thinkers were

Janet Yellen tells truth on economy — then quickly reverses herself

Janet Yellen tells truth on economy — then quickly reverses herself

On one hand, Janet Yellen is a highly trained economist who understands the Joe Biden spending bonanza could be a recipe for economic disaster. But as Treasury Secretary, she is also the captain of the Biden economic team, downplaying inflationary fears and cheerleading the big-budget bills. The schizophrenic nature of Yellen’s role inside the White

Premarket stocks: The strange reason America’s economy is shrinking

Premarket stocks: The strange reason America’s economy is shrinking

Factories shutting down. A wave of job losses and few open positions. Huge financial losses that batter most industries. So what is happening, and where could we be headed? The answer to both questions could be found in the country’s stockrooms. Breaking it down: US GDP for the second quarter fell at an annualized rate

How Great American Manufacturing Comeback Can Save Economy From Recession, Inequality

How Great American Manufacturing Comeback Can Save Economy From Recession, Inequality

Over the past 60 years, the type of work Americans do has undergone a dramatic shift. Back in the 1950s and 1960s, nearly a third of people worked in manufacturing — building the cars, airplanes, washing machines, and televisions that their neighbors used and that defined America. Nowadays, more than 80% of Americans work in

Germany’s Rhine river levels running low putting economy at risk

Germany’s Rhine river levels running low putting economy at risk

A photo taken on July 18, 2022 shows a puddle of water amid the nearly dried-up river bed of the Rhine in Cologne, western Germany, as many parts of Europe experience a heatwave. Ina Fassbender | AFP | Getty Images The water levels in a crucial waterway in Europe’s economic heartland are running dangerously low