Harvard Professor and former U.S. Treasury Secretary Larry Summers shares his thoughts on the economy’s journey from secular stagnation to runaway inflation, and where central banks go from here.
Larry Summers explains how a decade of policy created fertile ground for inflation
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Roman’s did not gather at Davos.
They discussed the effects of a diminished Empire among themselves.
The Internet would have been a revealing tool to understand the similarities,
as the US Empire begins to fade……
When you can no longer afford to pay the Legions,
The Empire begins to die……
This Empire appears to be taking Capitalism with it to the grave?
Romans also diluted the silver in their coins leading to inflation
@Roy Provins Fiat Dollars are a Promissory Note offering to reward the bearer with another Promissory Note.
Pretty cool system……Right?
I hear them Romans were trying a lot of solutions.
Capitalism has had a pretty good inning?
It appears a Relief Pitcher is due to arrive?
Since 2013 Abenomics to be precise
he is very proud of himself
When you have his 🧠 and ability to articulate – you should be
SECULAR STAGNATION “GAP”: a meaningless term.
This guy is NOTHING, BUT BABBLE TALK.
Where’s THE CLARITY?
THE INSIGHT?
NOT THERE!
The USA has LOST ITS WAY: Summers is PROOF!
He’s trying to find his way IN THE DARK: that’s MY BEST GUESS. (Ha! Ha!)
The USA is FACED WITH A NUMBER OF BASIC PROBLEMS.
Just to mention A FEW.
FIRSTLY, the economy has NOT been able IN THE PAST FEW DECADES
to generate MONTHLY the creation of AT LEAST 250,000 jobs SO THINGS
DON’T GET WORSE.
SECONDLY, the USA is NOT GETTING the foreign investment it used to
get.
THIRDLY + MOST IMPORTANTLY, THE DEMAND for U.S. Treasury Bills
is NO LONGER there.
FOURTHLY, THE OVERSPENDING ON THE MILITARY is AN ALBATROS
when the USA does NOT have ONE BULLET TRAIN nor ONE SUPER-
SONIC MISSILE with a global reach which Russia + China have: it’s
NOW HIGH TIME to get rid of the U.S. Military.
IN SHORT, it all boils down to this: the USA is A POOR + BACKWARD
COUNTRY with its infrastructure falling apart due to insufficient Gov’t
spending.
All this is COMPOUNDED by A FALLING U.S. DOLLAR.
And YET, the USA acts AS IF it’s “THE” WORLD’S SUPERPOWER parading
around like A MADMAN with NO CLOTHES ON. (Ha! Ha!)
Ken, Toronto, CANADA
I listened, and thats why
My 👀 are clearly focused on the ongoing depression.
Brilliant economic summary.
If I didn’t coin push the game. Kill me now.
Sounds like a bull shiter to me !!
well said
The smartest dude alive!
It’s sounds like a Harvard economics lecture only few understands.
He’s so amazing