Mankiw, G
http://www.sourcewatch.org/index.php/Gregory_Mankiw<div>
</div><div><p style="margin: 0.4em 0px 0.5em; font-size: 13px; line-height: 19.200000762939453px; background-color: rgb(255, 255, 255);">Professor N. <b>Gregory Mankiw</b> is the Robert M. Beren Professor of Economics at <a href="http://www.sourcewatch.org/index.php/Harvard_University" title="Harvard University" style="text-decoration: none; font-weight: bold; color: rgb(11, 0, 128); outline: none; background-image: none;">Harvard University</a>. <a rel="nofollow" class="external autonumber" href="http://post.economics.harvard.edu/faculty/mankiw/mankiw.html" style="text-decoration: none; font-weight: bold; color: rgb(102, 51, 102); outline: none; background-image: url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAAVElEQVR42n3PgQkAIAhEUXdqJ3dqJ3e6IoTPUSQcgj4EQ5IlUiLE0Jil3PECXhcHGBhZ8kg4hwxAu3MZeCGeyFnAXp4hqNQPnt7QL0nADpD6wHccLvnAKksq8iiaAAAAAElFTkSuQmCC); padding-right: 13px; background-position: 100% 50%; background-repeat: no-repeat no-repeat;">[1]</a> From May 29, 2003 to February 18, 2005, he was the Chairman of the US President's <a href="http://www.sourcewatch.org/index.php?title=Council_of_Economic_Advisers&action=edit&redlink=1" class="new" title="Council of Economic Advisers (page does not exist)" style="text-decoration: none; font-weight: bold; color: rgb(165, 88, 88); outline: none; background-image: none;">Council of Economic Advisers</a>.</p><p style="margin: 0.4em 0px 0.5em; font-size: 13px; line-height: 19.200000762939453px; background-color: rgb(255, 255, 255);">In 2004 he caused controversy by suggesting that <a href="http://www.sourcewatch.org/index.php/Outsourcing" title="Outsourcing" style="text-decoration: none; font-weight: bold; color: rgb(11, 0, 128); outline: none; background-image: none;">outsourcing</a> of jobs by U.S. companies is "probably a plus for the economy in the long run". <a rel="nofollow" class="external autonumber" href="http://www.cnn.com/2004/US/02/12/bush.outsourcing" style="text-decoration: none; font-weight: bold; color: rgb(102, 51, 102); outline: none; background-image: url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAAVElEQVR42n3PgQkAIAhEUXdqJ3dqJ3e6IoTPUSQcgj4EQ5IlUiLE0Jil3PECXhcHGBhZ8kg4hwxAu3MZeCGeyFnAXp4hqNQPnt7QL0nADpD6wHccLvnAKksq8iiaAAAAAElFTkSuQmCC); padding-right: 13px; background-position: 100% 50%; background-repeat: no-repeat no-repeat;">[2]</a></p><p style="margin: 0.4em 0px 0.5em; font-size: 13px; line-height: 19.200000762939453px; background-color: rgb(255, 255, 255);">He is also famous for suggesting that flipping hamburgers is a manufacturing job, and should be reclassified as such. <a rel="nofollow" class="external autonumber" href="http://www.metrotimes.com/editorial/story.asp?id=6024" style="text-decoration: none; font-weight: bold; color: rgb(102, 51, 102); outline: none; background-image: url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAAVElEQVR42n3PgQkAIAhEUXdqJ3dqJ3e6IoTPUSQcgj4EQ5IlUiLE0Jil3PECXhcHGBhZ8kg4hwxAu3MZeCGeyFnAXp4hqNQPnt7QL0nADpD6wHccLvnAKksq8iiaAAAAAElFTkSuQmCC); padding-right: 13px; background-position: 100% 50%; background-repeat: no-repeat no-repeat;">[3]</a></p><p style="margin: 0px; padding: 0px; line-height: 22px; outline: none; font-family: 'Times New Roman'; font-size: 15px; background-color: rgb(255, 255, 255);">
<strong style="font-family: Arial, Georgia, sans-serif; line-height: 25px;">The Ivy League apologists are out ‘splainin’ in full force.</strong></p><p style="margin: 0px 0px 22px; font-family: Arial, Georgia, sans-serif; font-size: 15px; line-height: 25px; background-color: rgb(255, 255, 255);">Harvard’s Greg Mankiw is America’s <a href="http://www.alternet.org/economy/greg-mankiw-and-one-percent" style="text-decoration: none; font-weight: bold; color: rgb(133, 143, 62); outline: none;">most shameless defender</a> of the 1 percent (just in case you didn’t know that about him, he wrote a paper titled, “ <a href="http://scholar.harvard.edu/files/mankiw/files/defending_the_one_percent.pdf" style="text-decoration: none; font-weight: bold; color: rgb(133, 143, 62); outline: none;">Defending the One Percent</a>”). You can rely upon the chairman and professor of economics at Harvard and former Mitt Romney advisor to pontificate about why the megarich are smarter and more creative than you and not deserving of your ire. Mankiw just published an <a href="http://www.nytimes.com/2014/02/16/business/yes-the-wealthy-can-be-deserving.html" style="text-decoration: none; font-weight: bold; color: rgb(133, 143, 62); outline: none;">op-ed in the New York Times</a> describing the risks our brave gazillionaire “superheroes” take to promote the public good.</p><p style="margin: 0px 0px 22px; font-family: Arial, Georgia, sans-serif; font-size: 15px; line-height: 25px; background-color: rgb(255, 255, 255);">Noting that actor Robert Downey Jr. recently got a movie paycheck of $50 million, Mankiw enjoys a little taunting: “Does that fact make you mad?...Does it make you want to take to the streets in protest?” He then condescends to observe that of course we don’t get mad at Robert Downey Jr. because our pea brains can comprehend how he made his money. It’s when our limited mental faculties can’t digest the wondrous activities of CEOs and financiers that we become sour. </p><p style="margin: 0px 0px 22px; font-family: Arial, Georgia, sans-serif; font-size: 15px; line-height: 25px; background-color: rgb(255, 255, 255);">Largely oblivious to the fact that a significant portion of America’s wealthy have arranged things so they can get away with cheating, bullying and creating nasty financial products that drain the pockets of their fellow citizens, Mankiw assures us that CEOs deserve their sky-high paychecks because the “value of making the right decisions is tremendous” (like Jamie Dimon overseeing a bank that has <a href="http://www.huffingtonpost.com/rj-eskow/crime-doesnt-pay-jpmorgan_b_4661576.html" style="text-decoration: none; font-weight: bold; color: rgb(133, 143, 62); outline: none;">enjoyed an historic "crime spree</a>?”) and because of all the taxes they pay (like Apple’s famous “ <a href="http://www.investopedia.com/terms/d/double-irish-with-a-dutch-sandwich.asp" style="text-decoration: none; font-weight: bold; color: rgb(133, 143, 62); outline: none;">Double Irish with a Dutch sandwich</a>” tax evasion scheme?).</p><p style="margin: 0px 0px 22px; font-family: Arial, Georgia, sans-serif; font-size: 15px; line-height: 25px; background-color: rgb(255, 255, 255);">He goes on to ‘splain that financiers are among America’s “most talented and thus highly compensated individuals.” (Talented, perhaps, at redistributing money upward?)</p><p style="margin: 0px 0px 22px; font-family: Arial, Georgia, sans-serif; font-size: 15px; line-height: 25px; background-color: rgb(255, 255, 255);"></p><p style="margin: 0px 0px 22px; background-color: rgb(255, 255, 255);"><font face="Arial, Georgia, sans-serif"><span style="font-size: 15px; line-height: 25px;"><a href="http://www.huffingtonpost.com/2013/10/24/wall-street_n_4158158.html?view=print&comm_ref=false">http://www.huffingtonpost.com/2013/10/24/wall-street_n_4158158.html?view=print&comm_ref=false</a></span></font></p><h2 property="dc:title" style="margin: 0px 0px 5px; padding: 0px; color: rgb(29, 29, 29); clear: both; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; line-height: 40px; background-color: rgb(255, 255, 255);"><font size="3">The Scholars Who Shill for Wall Street</font></h2><div class="article-teaser" style="font-family: arial, helvetica, sans-serif; font-size: 10px; line-height: 12px; background-color: rgb(255, 255, 255);"><p style="font-size: 17px; line-height: 20px; margin: 0px 0px 15px; color: rgb(29, 29, 29); font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-weight: bold;">Academics get paid by financial firms to testify against Dodd-Frank regulations. What’s wrong with this picture?</p></div><p style="margin: 0px 0px 22px; background-color: rgb(255, 255, 255);"><font face="Arial, Georgia, sans-serif">
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