Found 201 article(s) for author 'Lawrence Summers'

Austerity would hurt U.S. jobs and growth

Austerity would hurt U.S. jobs and growth. Lawrence Summers, June 2, 2013, Opinion. “Around the world the idea of “austerity” is fiercely debated. The various strengths and weaknesses of the global economy make opportune a reconsideration of the principles that should guide fiscal policy: Paced by housing and energy, the U.S. recovery is likely to accelerate this year, and budget deficit projections have declined as well; meanwhile, theEuropean economy remains stagnant, though there is evidence that stimulative policies are gaining traction in Japan. It is critical that policies be set in light of economic circumstances…” Link

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Lawrence Summers on the Interplay Between Government and Business

Lawrence Summers on the Interplay Between Government and Business. Lawrence Summers, April 3, 2013, Audio . “Harvard University President Emeritus Lawrence Summers, a former US Treasury Secretary and economic advisor to President Obama, discusses structural problems with the US economy that have been exposed by the recession, how government and business must work together to spur growth, the need for regulations to eliminate the causes of the recession and his outlook on the continuing economic recovery…..” Link 

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Europe’s Hair-Trigger Economy

Europe’s Hair-Trigger Economy. Lawrence Summers, March 18, 2013, Opinion. “Europe’s economic situation is viewed with far less concern than was the case six, 12 or 18 months ago. Policymakers in Europe far prefer engaging the United States on a possible trade and investment agreement to more discussion on financial stability and growth. However, misplaced confidence can be dangerous if it reduces pressure for necessary policy adjustments. There is a striking difference between financial crises in memory and as they actually play out. In memory, they are a concatenation of disasters. As they play out…” Link

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Changing the tax code could help curb inequality

Changing the tax code could help curb inequality. Lawrence Summers, February 16, 2013, Opinion. “The United States may be on course to becoming a “Downton Abbey” economy. There are valid causes for concern about inequality: sharp increases in the share of income going to the top 1 percent of earners, a rising share of income going to profits, stagnant real wages and a rising gap between productivity growth and growth in median family incomes. A generation ago, it could have been asserted that the economy’s overall growth rate was the dominant determinant of growth in middle-class incomes and progress in reducing poverty…” Link verified March 28, 2014

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GPS: Larry Summers on the debt ceiling

GPS: Larry Summers on the debt ceiling. Lawrence Summers, February 16, 2013, Video. “CNN’s FAREED ZAKARIA GPS features an interview with former U.S. Treasury Secretary (Clinton Administration) and former Director of the Economic Council (Obama Administration) Larry Summers. Dr. Summers spoke about the national economy, new Federal Reserve chair Janet Yellen, and what he feels are likely postures the Federal Reserve will take in the near term to manage the U.S. economic recovery…” Link verified March 28, 2014

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U.S. Must Focus on Infrastructure, Summers Says

U.S. Must Focus on Infrastructure, Summers Says. Lawrence Summers, January 24, 2013, Video . “Lawrence Summers, former U.S. Treasury secretary and adviser to President Barack Obama, talks about the outlook for the U.S. economy, infrastructure investment and job creation. He speaks with Bloomberg’s Tom Keene on the sidelines of the World Economic Forum’s annual meeting in Davos….” Link 

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America has Multiple Deficits

America has Multiple Deficits. Lawrence Summers, January 22, 2013, Opinion. “Since the election, American public policy debate has been focused on prospective budget deficits and what can be done to reduce them. The concerns are in part economic, with a recognition that debts cannot be allowed, indefinitely, to grow faster than incomes and the capacity repay. And they have a heavy moral dimension with regard to this generation not unduly burdening our children. There is also an international and security dimension…” Link verified June 19, 2014

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Doing Right by our Children

Doing Right by our Children. Lawrence Summers, Fall 2012, Opinion. “The United States today faces many daunting challenges. But none should take higher priority than that of doing right by our children. In fact, leaving this country a better place for future generations is a good way to think about solving a whole set of government financial challenges. Unfortunately, in many cases, we are currently falling short. We are not doing right by our children if we pass them entitlement programs for our retirements that they are unable to afford. We are not doing right by our children if the budget deficit is out of control, even after the economy recovers…” Link

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