Larry Summers is a big-government planner.

in #economy2 years ago

image.png

https://www.commonsense.news/p/larry-summers-on-inflation-and-the

Despite his dissenting views on on a number of issues - like inflation and wokism - in this interesting wide ranging interview Larry Summers reveals himself to be an unrepentant demand-side, big-government planner Keynesian (in case anyone had any doubts).

His analysis of inflation is in terms of aggregate demand arithmetic. Not once does he mention the money supply. His solutions for social problems reflect an abiding faith in the ability and willingness of government to achieve difficult and noble aims.

He shies away from any identification of "government failure" - other than the making of simple mistakes.

He wants the right people in charge of an empowered state to do the right things.

Coin Marketplace

STEEM 0.21
TRX 0.20
JST 0.034
BTC 90479.14
ETH 3094.57
USDT 1.00
SBD 2.93