More guns, less butter? Today, average Americans are looking at historic levels of inflation, economic contraction, and rising gas prices, soon to merit the term stagflation—and that’s not all. People are leaving their jobs en masse, the average consumer is cutting costs to keep up with personal budget deficits, and meanwhile, the Biden administration has added $1.9 trillion to the $300 billion economic hole. To top it all off, there’s trouble abroad with tightening sanctions on Russia and the persistent trade competition with China. Glenn Hubbard joins Dany and Marc to discuss the state of economic affairs, the role of the Fed, Build Back Better, and more.
Glenn Hubbard is a visiting scholar at the American Enterprise Institute and the former Dean of the Columbia Business School. He is the current Russell L. Carson Professor of Finance and Economics there. He is also the former chairman of the Council of Economic Advisors.