Larry Summers: “You Have To Give The Fed PRETTY HIGH GRADES”

The former Treasury Secretary is horrible at his verbal twerk, so if you can stomach extra sour with a double-shot of Fedspeak, here’s some great insight into why nothing ever changes for the better with fiscal or monetary policy as people like Summers peddle this nonsense that turns into policy… 

Larry Summers interviewed on Macro Musings

 

Lawrence Summers is the Charles W. Eliot University Professor and President Emeritus of Harvard University. Previously, he served as U.S. Treasury Secretary under President Bill Clinton and Director of the National Economic Council under President Obama. In today’s episode, he joins the show to discuss his work as both an academic and a policymaker. He also shares his thoughts on monetary and fiscal policy since the recent financial crisis and Great Recession. Finally, he explains why he has recently become more open to nominal GDP targeting.