Glenn Hubbard: "Balance: The Economics Of Great Powers From Ancient Rome To Modern America"
(Courtesy Glenn Hubbard)
The United States is on the road to civil collapse. At least that’s the warning from economist Glenn Hubbard. The former chair of President George W. Bush’s Council of Economic Advisors claims that America’s financial imbalance is threatening its leadership as a world power. Hubbard says other great civilizations– Rome, medieval China, nineteenth-century Britain -- collapsed under the similar circumstances. In our case, he believes a root cause is the creation of a middle-class entitlement state. He argues that without a new approach to politics, the U. S. may be next to fall. Diane talks with Glenn Hubbard about reversing America’s economic decline.
dean of the Graduate School of Business at Columbia University. Former chairman of the President's Council of Economic Advisers from 2001-2003.
Read An Excerpt
From "Balance" by Glenn Hubbard and Tim Kane. Copyright © 2013 by Glenn Hubbard and Tim Kane. Excerpted with permission of Simon & Schuster, a Division of Simon & Schuster, Inc.