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Summers’s New View on Stimulus: Sustained, Not Temporary
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 ...
Lawrence Summers to Head National Economic Council
Lawrence Summers to Head National Economic Council
online.wsj.com — Getty Images Obama with former Treasury Secretary Larry Summers in July.... (more) Lawrence Summers to Head National Economic Council
After the stimulus
After the stimulus
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
Summers to Head Economic Council
Summers to Head Economic Council
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
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Hugh Hewitt: Hoping for Summers
Townhall.com Blog's TownHall BlogFormer 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 BlogFormer 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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