Glenn Hubbard: American Economy “Close to a Destructive Tipping Point”

The co-author of Seeds of Destruction: Why the Path to Economic Ruin Runs Through Washington, and How to Reclaim American Prosperity gives a depressing interview in which we’re basically told to abandon all hope. Granted Hubbard does claim we can turn this around if we act “soon” but he knows that isn’t going to happen, so we’re doomed to declining standards of living for the next few decades. Worth your time. Via Yahoo Finance.