What does politics in the United States have in common with that of declining empires of ages past? Too much, argues Glenn Hubbard. The Columbia Business School dean and former adviser to President George W. Bush and would-be president Mitt Romney makes the case in his new book (written with economist Tim Kane), called “BALANCE: The Economics of Great Powers from Ancient Rome to Modern America.” He sees long-simmering failings in the American political system, and the economic policies that result, as risks that ultimately endanger the nation’s standing in the world. He discussed why he is not, despite it all, a declinist, in a recent conversation with Wonkblog.
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THE WASHINGTON POST – Hubbard: ‘Both parties are playing the game rationally. But as a country we’re not winning.’