Why You Can't StimulateYour Way to Prosperity

Why You Can't StimulateYour Way to Prosperity

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Why You Can't StimulateYour Way to Prosperity by R. Glenn Hubbard, Peter Navarro

This is the eBook version of the printed book.

This Element is an excerpt from Seeds of Destruction: Why the Path to Economic Ruin Runs Through Washington, and How to Reclaim American Prosperity (9780137027736) by Glenn Hubbard and Peter Navarro. Available in print and digital formats.


Why the 2009 fiscal stimulus went so wrong—and what America needs to do instead.


President Obama inherited a very difficult economic situation. Unemployment had climbed to a 16-year high, and economic recovery was nowhere in sight. He quickly turned over responsibility for designing the stimulus bill to congressional leadership. Harry Reid and Nancy Pelosi proved far more adept at crafting “sprawling, undisciplined” pork barrel legislation than a package likely to spur recovery and long-term growth.

Product Details

ISBN-13: 9780132781879
Publisher: Pearson Education
Publication date: 04/12/2011
Series: FT Press Delivers Elements
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 10
File size: 300 KB

About the Author

Glenn Hubbard is Dean and Russell L. Carson Professor of Finance and Economics in the Graduate School of Business at Columbia University and Professor of Economics in Columbia’s Faculty of Arts and Sciences. He is also a research associate of the National Bureau of Economic Research and a director of Automatic Data Processing, Black Rock Closed-End Funds, Dex Media, Duke Realty, KKR Financial Corporation, and Ripplewood Holdings. From 2001–2003, he chaired the White House Council of Economic Advisors. Peter Navarro, business professor at the University of California-Irvine, is author of the path-breaking management book The Well-Timed Strategy and the bestselling investment book If It's Raining in Brazil, Buy Starbucks.

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