Say it ain't so, Plagiarising Joe.

Because an introductory economics professor at Harvard has got to be right; they've ONLY lost $10 billions dollars in endowment funds, or almost a QUARTER in the last four months...

An introductory economics professor at Harvard has still forgotten more about economics than you'll ever know. Your demeaning description of him is inaccurate. Greg Mankiw is one the most respected economists in the country. By the way, I don't think he manages Harvard's endowment fund.

I was the only one in my high school class to pass both AP economics tests (macro and micro); that was enough economics for me and I'm glad I forgot just about everything about that. Haven't taken an econ class since.

Mankiw was also head of George W. Bush's Council of Economic Advisors for OVER THREE YEARS. The same Mankiw said that foreign outsourcing was "a plus for the economy in the long run"...

Then WAS CALLED OUT BY GEORGE W. BUSH HIMSELF AND LEFT THE JOB MONTHS LATER.

I'd take Paul Krugman any day over him.

Gahhh, this thread is chock full of ignorance, starting with Biden's pointless non-statement.

First off, I know Mr Mankiw. He's a brilliant economist, and he knows it. He does suck at chess though....

Mankiw is Faculty....whether or not he serves on the board at Harvard Corporation, I havent checked lately but if he did his is one voice of MANY. To blame ANYONE for Harvard's losses is totally Pointless; as JRV points out, Harvard is in relatively good shape by comparison, and their wealth is still vast. But it does underscore the seriousness, depth and fucking INSANITY that has befallen the overall economic situation WPRLDWIDE, and particularly here at home.

People just dont get it....THEY CANT get it, they literally cannot comprehend what has happened economically/fiscally and what WILL happen, the numbers are just too vast, the causes too outrageously SICK and stupid, and the looming consequences so severe that we Americans are in for a serious shock.

The whole concept, and actual implementation of Government bailouts and stimuli in the face of what has happened UNDERSCORES the incredibly LOW threshold of pain that society now has for economic hardship and strife.

That is an amazing avatar Gunker; you never fail to impress.