Posts Tagged: devalue

Will Mitt Romney devalue the dollar?

Posted by & filed under Liberal Dribble.

There are a lot of interesting tidbits in this morning’s op-ed by Glenn Hubbard, a Columbia economics professor and one of Mitt Romney’s top advisers. James Pethoukis highlights Hubbard’s endorsement of literature suggesting, against the view of most macroeconomists, that austerity is stimulative in the short-run. But what I found more interesting is the mechanism… Read more »