I found this link through Krugman's column in the NYT 11/18/13, i.e. today. Brad DeLong put it up. 16 minutes.
http://equitablegrowth.org/2013/11/16/759/this-mornings-must-watch-larry-summers-on-the-danger-of-a-japan-like-generation-of-secular-stagnation-here-in-the-north-atlantic Summers gets it that the economy hasn't recovered, that it isn't recovering, and hints that it may not recover. But he's not open -- at least in this talk -- to veer from monetary and fiscal policy as the tools to fix all that, which is to say he's really learned nothing. Someday perhaps Summers will move further into a reality based analysis. Gene _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
