blogs.wsj.com - 11/18/2008
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At the start of the year, former Treasury Secretary Lawrence Summers urged lawmakers to pass a fiscal stimulus program that's timely, targeted and temporary. Congress and the White House concurred, enacting the $168 billion fiscal stimulus program in February. Now, Mr. Summers says, "the ...
online.wsj.com - 11/23/2008
krugman.blogs.nytimes.com - 11/19/2008
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krugman.blogs.nytimes.com —
For the coming year, and probably well beyond,
the economy will be on life support - sustained...
by massive fiscal stimulus. (Either that, or we'll be in a very deep slump.) But eventually the economy will have to come off life support. What will take ...
(more)
After the stimulus
online.wsj.com - 11/23/2008
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online.wsj.com —
Former Clinton Treasury Secretary Lawrence Summers will be
Obama's top White House economic aide, joining Timothy Geithner...
in heading the new administration's economic team.
(more)
Summers to Head Economic Council
Comments
Blog Reactions
Hugh Hewitt: Hoping for Summers
Townhall.com Blog's TownHall Blog —
Former Treasury Secretary and Harvard President Larry Summers held forth on the economy yesterday , and if the early betting is correct, that is the set of presently private ruminations most relevant to the year ahead. A Summers' return to Treasury would be a very good thing, and given the bozos at my alma mater's decision to run off the brilliant Summers from Harvard's presidency, he can't be looking forward to many more years by the Charles. A second time around at a Cabinet post allows the occupant the chance to put into effect the lessons learned on tour number one. This ...
Hugh Hewitt: Hoping for Summers
Hugh Hewitt's TownHall Blog —
Former Treasury Secretary and Harvard President Larry Summers held forth on the economy yesterday , and if the early betting is correct, that is the set of presently private ruminations most relevant to the year ahead. A Summers' return to Treasury would be a very good thing, and given the bozos at my alma mater's decision to run off the brilliant Summers from Harvard's presidency, he can't be looking forward to many more years by the Charles. A second time around at a Cabinet post allows the occupant the chance to put into effect the lessons learned on tour number one. This ...
The case against stimulus
SCSUScholars —
... One hears arguments for stimulus largely on Keynesian grounds. The argument for fiscal expansion is that private spending is deficient, perhaps because households and private firms are going to save more money to make up for the financial losses incurred. The problem is that a permanent or sustained stimulus -- as opposed to ...
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Harvard Kennedy School - Lawrence Summers
hks.harvard.edu 11/6/2008 — Summers, Lawrence. "The Pendulum Swings Towards Regulation." Financial Times , October 26, 2008. Summers, Lawrence H. "The $700bn Bail-out and the Budget." Financial Times , September 28, 2008. Summers, Lawrence H. "How to Build a US Recovery." ...