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A Fed Wannabe Feels Students' Sting

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How my poor heart aches, at each mistake you make.

Hubbard and Bernanke, both Republican economists, have been long acquainted. They were familiar with each other's research during their academic careers. Both are former chairmen of President Bush's Council of Economic Advisers. Both were among the top rivals for the nomination to succeed Greenspan.

The video shows someone off camera throwing darts at a target with Bernanke's face at the center and portrays the Hubbard look-alike pulling a fake beard off a Bernanke-like character. There are even jokes about basis points and the Treasury yield curve.

For Fed humor, it was hilarious.

Hubbard thought so, said John Kiker, the business school's associate dean for marketing and communication.

"He was on the ground laughing so hard" when he saw the video a week ago at the school's "Follies," an annual show of satirical skits, songs and videos, said Kiker, who was in the audience as well. Hubbard "stood up after the video and got a standing ovation, so it was cool. . . . The students love him."

Hubbard, responding to a request for comment by e-mail, wrote of his students, "I hope they will be as talented at raising productivity growth as in video making!"

Bernanke, known during his White House days as quite the jokester himself, had no comment.


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