…(in his new book) and Larry Summers (in a Financial Times opinion piece) that the only approach possible to the crisis was the one that was taken, of coddling the…

At the 9:40 minute point of this video, Heiner Flassbeck says… “… But even people who are asking for more expansionary fiscal policies like Larry Summers or Paul Krugman, they…

…Larry Summers is right and the natural real rate is lower? Here is the graph with an estimate of a 0.5% natural real rate. My rule stills shows that the…

…correct. Then you realize that monetary policy has been misguided. imbalances have been building from erroneous policy for 5 years. Larry Summers’ projection of a negative natural real interest rate…

…vague memory (sorry no link) of Paul Krugman discussing US net capital income (GNP minus GDP) with Larry Summers in 1988 and saying “people who are smart enough to understand…

There is discourse in the econoblogosphere currently about why interest rates are low and may stay low for a long time. Larry Summers says that we may even have a…

…only one possible long run outcome. Backward induction from the long run requires that there is no hysteresis (that is path dependence — the word was pulled back from Larry…

I will try again to answer Larry Summers’s question “”What wouldn’t be a Dynamic-Stochastic General-Equilibrium model?” I won’t present a formal macroeconomic model in a blog but will try to…

…“Larry” H. Summers (the RoboQB of the Econ field, in more ways than one) Tim Bloody Effing Geithner (all links but one to Brad in his post-Chief Internet Geithner Apologist…

…the 1960s. If one agrees more with the blue line, they see the Fed rate getting ready to liftoff. If one, like Larry Summers and others, agrees more with the…