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Beakybird

(3,397 posts)

5. Obama was floating him for Fed chief, so I wouldn't call him a complete hack.

Reply to Yo_Mama_Been_Loggin (Original post)

Sun Mar 21, 2021, 08:41 PM

Mar 2021

Only time will tell if he's right or wrong.

I agree that many economists could care less if people are dying of poverty as long as the markets are solid.

Lawrence Henry Summers (born November 30, 1954) is an American economist, former Vice President of Development Economics and Chief Economist of the World Bank (1991–93),[1][2][3] senior U.S. Treasury Department official throughout President Clinton's administration (ultimately Treasury Secretary, 1999–2001),[2][3][4] and former director of the National Economic Council for President Obama (2009–2010).[2][3] He is a former president of Harvard University (2001–2006),[3][5] where he is currently (as of March 2017) a professor and director of the Mossavar-Rahmani Center for Business and Government at Harvard's Kennedy School of Government.[3][6][7]

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Larry Summers says the US is seeing 'least responsible' macroeconomic policy in 40 years [View all] Yo_Mama_Been_Loggin Mar 2021 OP

I agree with your comment... regnaD kciN Mar 2021 #1

Yeah, like he would know... Wounded Bear Mar 2021 #2

He's always been very concerned about inflation... Buckeye_Democrat Mar 2021 #3

Concern about inflation? joetheman Mar 2021 #10

Agree with you. nt Buckeye_Democrat Mar 2021 #12

+1 uponit7771 Mar 2021 #23

In Other Words, Sir --- We're On The Right Track The Magistrate Mar 2021 #4

Obama was floating him for Fed chief, so I wouldn't call him a complete hack. Beakybird Mar 2021 #5

The 40 years has largely been bad for... Happy Hoosier Mar 2021 #6

Who listens to Summers? Ritabert Mar 2021 #7

Unfortunately, far too many Democrats over the past thirty-odd years... regnaD kciN Mar 2021 #16

K&R spanone Mar 2021 #8

If you read the article, you'll see his concern is that taxes won't be increased Hoyt Mar 2021 #9

Best thing to do is be in positions that hedge against inflation madville Mar 2021 #18

Agree. Unfortunately, poor and those on fixed income don't have that hedge. Hoyt Mar 2021 #19

Agreed Summers is concerned Dems wont raise taxes on corporations and make equity income uponit7771 Mar 2021 #24

Thanks for the snips, Hoyt! Cha Mar 2021 #27

Read The Article? There's No Fun In Commenting COL Mustard Mar 2021 #28

Fuck Summers. roamer65 Mar 2021 #11

+1, other than government spending the pressure of flow is going to top not the middle where uponit7771 Mar 2021 #26

Larry "Kudlow" Summers . . . . hatrack Mar 2021 #13

Said nothing last year or after the stupid tax cuts. Voltaire2 Mar 2021 #14

Nobody Is Asking Me. Mar 2021 #15

1/3 chance vs 1/3 vs 1/3. just throwing BootinUp Mar 2021 #17

Ah, yes, larry. The guy who said that biology is the reason women do poorly in science, and that niyad Mar 2021 #20

Trickle Down Larry Kid Berwyn Mar 2021 #21

If inflation takes off we cool the economy down using high interest rates. applegrove Mar 2021 #22

Hey Larry Celerity Mar 2021 #25

Published notes of fed prove Yellen was most accurate forecaster on the board Cicada Mar 2021 #29