Michael Boskin and Edward Lazear take on the economy, discussing the explosion of deficit spending and the unprecedented increase in the money supply.
Following the worst recession since WWII, why does the economic recovery seem so weak? Where, in particular, are the jobs? As a matter of pure economics, what do we need to do? As a matter of practical politics, how can we do it?
Dr. Michael Boskin
Michael Boskin, a fellow at the Hoover Institution and a professor of economics at Stanford, served as chairman of the Council of Economic Advisors under President George H. W. Bush.
Edward Lazear, a fellow at the Hoover Institution and a professor at the Stanford business school, served as chairman of the Council of Economic Advisors under President George W. Bush.
Peter M. Robinson is a research fellow at the Hoover Institution, where he writes about business and politics, edits the Hoover Institution's quarterly journal, the Hoover Digest, and hosts Hoover's television program, "Uncommon Knowledge."
Robinson is also the author of three books: How Ronald Reagan Changed My Life; It's My Party: A Republican's Messy Love Affair with the GOP; and the best-selling business book Snapshots from Hell: The Making of an MBA.
Former Chairs of the Council of Economic Advisers Michael Boskin and Edward Lazear discuss the rationale behind President Obama's economic policies. They argue that the stimulus plan was based on flawed economic theories, motivated more by hope than evidence.