Word: barros
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...years may have been unprecedented, but so was the recent rise in stock prices, which seems to indicate that investors have arbitraged away any misperceptions. Economists widely dispersed across the political spectrum, from MIT's liberal Paul Krugman to Harvard's conservative Waggoner Professor of Economics Robert J. Barro, have described past gains as a result of historical mispricings and written that there is little reason to expect stock gains to continue to outpace those of Treasury bonds. Indeed, some of Bush's closest advisors have argued that the stock market is overvalued and is due for a correction, making...
Second, simple-minded comparisons of a two percent Social Security return with seven percent returns from stock investments ignore the cost of pre-funding the system. As Barro has written, Social Security's return is so low--lower, in fact, than the Treasury bonds in which it invests-- because today's workers must pay for today's retirees. No program that takes money out of the system and puts it into private accounts can avoid the obligation to pay for current retirees, which would lower the returns. Bush's repeated comparison of the returns on Social Security and safe government...
...department found itself the target of poaching efforts by Columbia University. Nevertheless, the department managed to convince Waggoner Professor of Economics Robert J. Barro to stay at Harvard, even after Barro was reportedly offered a pay package totaling nearly $300,000 from Columbia...
Instead, the most important factors are those perks that were mostly window dressing in the Barro controversy--control of research centers, increased research funding and a better support staff...
...Barro is the Mercenary Professor, then Deanof New York University (NYU) Law School JohnSexton is the man who shows them the money...