R. Glenn Hubbard discusses "The Aid Trap: Hard Truths About Ending Poverty"

[mecobio]

Most of those “foreign aid” is to assure that companies from the donors’ countries get into the local market, a sort of extra advantages, at the expense of the already existing local business.

[WELLBRAN]

UUUGGHH???....I liked the background music

[thomascapitalmgt]

Very similar to Dambisa Moyo's work, Dead Aid. Smart guy, so is Dambisya (Smart gal).

[Superorchestra]

Glenn Hubbard, complete I D I O T !

[thomascapitalmgt]

@Superorchestra You are IMBECILE and MUST Be an Obama lover. Hubbard is PhD Harvard and head of Bus School at Columbia and you work at what 7-eleven...........Total loser ST U.

[stella3265]

@thomascapitalmgt Why don't you just suck his Neo-Liberal Cock(Hubbard). Obama is a Neo-Liberal and has continued Jrs tax policies. Summers,Sperling and Giethner are as Neo-Liberal as The bald headed Cock(Uncle Milton) So what the fuck are you pissed about? The Bretton Woods agreements have been repealed for 40 years. Obama and his economic team, are on your side. Obama is actually your "Lover" so suck on Barack's Neo-Liberal Cock. Under pricing of systemic risk.

[stella3265]

@thomascapitalmgt Rep. Paul Ryan's Republican budget proposals in April, some form of which we may be debating until next year's election and beyond, would extend that bleak picture to the 43 million Americans who rely on Medicare. Ryan's plan would double out-of-pocket costs to seniors over the coming decade -- while enriching private insurance companies. The House Republican budget plan also sought to ration care by capping federal spending on the 69 million seniors.

[Superorchestra]

@thomascapitalmgt Dear A S S M O N K E Y, thank you for you comments.. Hubbard is a complete moron that gave us the 2006 meltdown. Oh ignore he was on Goldmans payroll when he betrayed America, ignore he has dumbed down tons of economics students selling his Bush tax cuts. See Inside Job and what that creep writhe!

[shogunvitto]

Yeah Glenn, send money to the local business then collapse it when the time comes and buy it at dirt cheap price. So predictable..

[6U4RD1AN]

What a jerk, good thing we all know wath kind of bastard is this guy.

[FannoFlow]

What a piece of shit.

[torr59622]

@FannoFlow Agreed

[aharidop]

this is one long commercial to make this snake in the grass appear to be a humanitarian. watch his performance in inside job.  he is one of the people who was responsible for the financial meltdown in '08 and the suffering that people experienced, though he wouldn't even discuss it. he tries to hide his business ties. this is an attempt to repair his reputation. he has no concern for the working poor in this country and supported the transfer of wealthy to the already wealthy

[AKSBSU]

Of course! Just funnel that money into businesses! We funnel truckloads of unwarranted cash into the corporate masters here in the US, and we can all see the wonderful benefits we've yielded from it just by looking at the current state of things. We're on our way to becoming one of these poorest nations we're giving aid to if we follow the advice of corporate shills like this jackass.

[624035008]

GIVE IT YOUR BEST SHOT!

[stella3265]

Typical Neo-Liberal Milton Friedman based policies that destroyed are economy. Why would anyone pay attention to an moron and morons like him that care more about American imperialism and subsidizing the multinational corporations, by the under pricing of systemic risk. The answer is John Maynard Keynes and The Bretton woods system that was devised to deter "Bubbles" and "Shocks" to the average wage laborer in the U.S. Where is the outrage. Keynes is the answer. Fiscal responsibility.

[Beckett125]

@stella3265 You will never be able to stop shocks and bubbles. Guess what, the reason why we got off the Bretton Woods system? Fiscal irresponsibility. People took the wrong lesson from Keynes, and the policy makers thought they could continue to spend money as Keynes wanted. Keynes's macroeconomic philosaphy can only be applied to one situation. Keynes's ideas can't stop housing from continuing to depreciate. And how did Milton Friedman destroy the economy?

[stella3265]

@Beckett125 Typical Neo-Liberal Milton Friedman based policies that destroyed are economy. Why would anyone pay attention to an moron and morons like him that care more about American imperialism and subsidizing the multinational corporations, by the under pricing of systemic risk. The answer is John Maynard Keynes and The Bretton woods system that was devised to deter "Bubbles" and "Shocks" to the average wage laborer in the U.S. Where is the outrage. Keynes is the answer. Fiscal responsibilit

[stella3265]

@Beckett125 Hubbard is scum, just like Jr!!!

[Beckett125]

@stella3265 Dude Hubbard isn't scum. Thats like saying Larry Summers is scum even through he taught basically all Keynesian economists (including Nouriel Roubini) Keynesiansism. IMF and World Bank did not stop bubbles, we had many since the Bretton Woods system came into being and many when it stopped. W. was pretty bad, but how did tax cuts created the 2008 financial crisis? That doesn't make any sense.

[stella3265]

@Beckett125 Yes, Summers,Rubin, Greenspan, Geithner, are direct followers of Friedman and the Chicago School!!! Paulsen as well!!!! Your a typical, just leave the supply side alone and everything will trickle down!!! Obama's economic team are scum!!!! Neo-Liberal, just like Clinton's economic team.. What in Jesus H Christ do you not understand? Clinton and Obama function like Reagan, with the policy of Friedman. When Milton Friedman predicted stagflation, that was the death nail to Keynes!!

[stella3265]

@Beckett125 Typical Neo-Liberal Milton Friedman based policies that destroyed are economy. Why would anyone pay attention to an moron and morons like him that care more about American imperialism and subsidizing the multinational corporations, by the under pricing of systemic risk. The answer is John Maynard Keynes and The Bretton woods system that was devised to deter "Bubbles" and "Shocks" to the average wage laborer in the U.S. Where is the outrage. Keynes is the answer. Fiscal responsibilit

[stella3265]

@Beckett125 SCUM!!! just like Jr. fiscal irresponsibility!!! SCUM!!! do you get it now?

[stella3265]

@Beckett125 Tax breaks estimate, rough estimate cost almost 1 trillion. 2 unjust wars from money we borrowed from China, trillions. The Obama stimulus 790billion? was about half of what Obama should have spent!! Tax the super filthy, like you 80-90% raise the corporate tax rate 60-70%!!!!! People who make 250 or 500 thou, in fact even those who make a million a year should be left alone!!. Why? because these people do not cause shocks and bubbles!!! Deficit spending!!! DEFICIT SPENDING

[stella3265]

@Beckett125 Have you ever read "The Shock doctrine"? Naomi Klein read it!!! Friedman was the one who pioneered the Shock and Awe Doctrine!!!!! Adam Smith's "The Wealth of Nations" have you read that ? Smith makes his point very clear that a free,open market or free market  system designed to raise subsidies for the merchants on the backs of wage laborers, is how the "Free Market" functions!!! Thats the Mercantile system, dressed up as free trade. Trade is not free, for the merchants it is!!

[thomascapitalmgt]

@stella3265 You are an imbecile. Naomi Klein REPEATEDLY refused to debate Prof Milton Friedman the smartest man ever, period. Free markets work. You working class hero types with cadilac pension plans, free health care and ZERO payments for your OWN retirement are WHY jobs go to China you IMBECILE.

[stella3265]

@thomascapitalmgt Uncle Miltie refused to debate Noam Chomsky, who would have made Uncle miltie look like the bald headed prick that he was, and will always be. Free markets never work, only for corporate America. I have no insurance!!! 50 million other people don't either. Hubbard is a filth scum of the earth. i am for Capitalism, the Bretton Woods agreements, which were based on Keynes which worked. The Bald headed Cock(Miltie) was and will always be an abomination Snake in the grass.

[stella3265]

@thomascapitalmgt The U.S spends twice as much as other developed countries on health care, while leaving 50 million people without any coverage, resulting in the premature death of 45,000 people a year. Tens of millions more people are sicker because they don't get the care they need; many people suffer under crushing medical debt.

[stella3265]

@Beckett125 REGULATION! Clinton repealed "Glass Steagall" act LTCM Financial collapsed in 98' and Clinton Rubin, Summers, Greenspan, did NOTHING!!! to regulate the hedge fund market. Brooksley Born heeded the warning about the derivative market and NOBODY on Clinton's team did anything!!! Just as long as the supply side recovers, it does make a rats ass difference how the demand side has been impacted!!! Get it now? I care about the millions of wage laborers,working poor who are suffering!

[stella3265]

@stella3265 I meant to say that it does "NOT make a rats ass difference how the demand side has been impacted!!

[diapasonify]

Hubbard was instrumental in the design of the 2003 Bush Tax cuts. How's that working out for you?

[eeuumuscle]

I hope that Dean Hubbard will care more about international students by offering non-cosigner loans just as chicago, tuck, hbs, stanford, wharton, darden, michigan does...apparently international students have not received the same priority with Dean Hubbard as US students. I find that a shameful legacy. But I am just a dumb gay man who doesnt know any better.

[juliekadams]

The tag "trap" is misspelled.