A Fed Wannabe Feels Students' Sting

By Nell Henderson
Washington Post Staff Writer
Thursday, April 27, 2006

Who says business school isn't fun? At Columbia University, that MBA crowd is a crack-up.

Just check out the music video created by Columbia Business School students lampooning their dean's disappointment at not being chosen to succeed Alan Greenspan as Federal Reserve chairman.

That's what Fed staff across the country were doing yesterday, eagerly e-mailing the video's Internet link to share the sight: The school's dean, R. Glenn Hubbard -- or rather, a tall, thin, bespectacled, nerdy Hubbard look-alike in a suit and tie -- playing the guitar and singing lyrics of lament to the tune of the Police's hit "Every Breath You Take" (the link is here).

A sample, sung as a warning to the Fed's new chairman, Ben S. Bernanke:

Every breath you take, Every change of rate,

Jobs you don't create, While we still stagflate,

I'll be watching you.

Every single day, Bernanke takes my pay,

When growth goes away, inflation will stay,

And I'll be watching you.


Oh can't you see, the Fed's where I should be,

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