When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Thursday, September 5, 2013

Larry Summers, the Fed, Continuity?

"Summers the Shiftless - Continuity is the last thing we need." -- Paul Krugman (see below)

Summers the Shiftless - NYTimes.com:"Now, we can hope that if Summers actually does get the job, he’ll realize the problem — and realize that he needs to pull his own version of what Abe has pulled off in Japan, saying and doing things that shock people into realizing that he isn’t going to be the conventional-wisdom guy they expected. And this is, in fact, my advice to Summers if he is the guy: don’t spend your first few months being mild-mannered and winning friends. What this economy needs is a monetary shock — and if you don’t do it right away, you probably won’t get a second chance." -- Paul Krugman (read more at link above)


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects