Tag Archives: Larry Summers
Divisions on the Left: Jeffrey Sachs Responds to Summers and Krugman
Here’s an excerpt from a provocative article written by Jeffrey Sachs this week: [I]t is very frustrating to read Paul Krugman again today write about our current stagnation with so little reflection on his part that his own preferred stimulus … Continue reading
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Tagged Arnold Kling, Jeffrey Sachs, Larry Summers, malinvestment, Paul Krugman, potential output
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Have Larry Summers and Paul Krugman Just Had Their Dimon/Dudley Moment?
With my kids getting older, I no longer get much chance to play “What’s wrong with this picture?” This is the game you’ll occasionally find on a children’s menu that’s based on a picture with, say, a guy holding an … Continue reading
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Tagged Alan Greenspan, Arnold Kling, Bill Dudley, financial regulation, full employment equilibrium, Jamie Dimon, Joseph Schumpeter, Keynesianism, Knut Wicksell, Larry Summers, Larry Summers speech, natural interest rate, Paul Krugman, Phillips curve, PSST, Tyler Durden, zero lower bound
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Confession Time: Money Printing Enthusiasts Should Admit the Obvious
Imagine a football coach who hasn’t caught onto the game’s complexities and continues to run the same play – call it a fullback dive – over and over. When I read calls for more monetary stimulus, I feel as though … Continue reading
